Islamic banks play a significant role in social and environmental responsibility. It is known that Islamic finance is not merely profit-oriented but also looking at the prosperity of the society, as an ethical financial system Islamic finance give a massive contribution towards social responsibility. This exploratory study examines the relations between corporate social responsibility (CSR) practices of Indonesian Islamic banks and socio-economic development. The evidence presented is based on the published annual reports of 13 Islamic commercial banks in 2017. The findings of this research suggests that CSR is a priority of Indonesian Islamic banks and has correlation to the socio-economic development. Furthermore, the findings suggest that the robust guiding principles on CSR need to be developed and it has potential of Islamic banks credibility and profitability.

This paper attempts to identify and evaluate the current situation of zakat collection, distribution and management in India. This paper identifies the inherent objectives of zakat to understand the real potential of zakat institutions and how zakat is important to Indian Muslims and how the society can innovate and modernise the zakat system. This paper suggests a few recommendations that religious leaders and government authorities in India may consider adopting. It suggests the introduction of a mosque card as an innovative way of distributing zakat by integrating mosques and their local community.