This paper investigates change in Egyptian Islamic banks’ social reporting practices in pre- and post-Egyptian two revolutions in 2011 and 2013. The study analyzes the volume, quality, and nature of social reporting practices of the three major Islamic banks’ websites and annual reports in pre- and post- revolutions periods using content analysis. The results articulate the increase in social reporting practices in post-two revolutions era. Nevertheless, Egyptian Islamic Banks failed to socially legitimize themselves because of shortage of disclosure about information in relation to how Islamic banks comply with Sharia, policy towards insolvent clients, unlawful (Haram) transactions, human rights, fighting terrorism, environmental policy, training in relation to Sharia, and equal opportunities. This research adopts legitimacy theory to interpret the results within the exclusive social and political circumstances of Egypt in pre and post two revolutions. These findings have important implications to policy makers in Egypt and possibly across the Arab world.
Dr. Mohamed Nagy Osman
Lecturer of Accounting, Faculty of Commerce
Benha University, Egypt
