Communicating corporate responsibilities via annual reports: The case of islamic financial institutions in Malaysia

Abstract

Corporate responsibilities (CR) have recently gained attention in developing countries such as Malaysia. CR is expected to be vitally practiced by the Islamic Financial Institutions (IFIs) since they are described as "having a social face". The communication of CR information by the Islamic Financial Institutions (IFIs) has been the interest of the accounting information users. Annual reports of the selected IFIs are analysed to identify the types of CR information as well as the volume of information disclosed. It is found that there is a communication gap between the actual communication made by business organization and what has been prescribe in the shariah.