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Abstract. Introduction<\/strong>. The nature and features of corporate social responsibility differ significantly between countries. Undoubtedly, the national culture of each country influences the existing approaches to understanding the system of corporate social responsibility. The following models of national corporate social responsibility are considered by the geographical principle: American-Canadian, European, Japanese-Chinese (Asian), Islamic. Many scientists have been researching the notion and characteristics of corporate social responsibility in Europe and America countries for decades, but there is a small number of scientific publications to identify the features and main elements of social responsibility in the countries of the Islamic world.<\/p>\n

Purpose<\/strong>. The article aimed to explore the basic principles of corporate social responsibility in Islamic countries using the example of Islamic banks.<\/p>\n

Results<\/strong>. The main principles of social responsibility exploitation by commercial banks of Islamic countries are investigated. Among them, the principle of the absence of percent-based operations (riba) is interesting. In Islam, it is unacceptable to charge for the use of borrowed funds. Instead, in the Western world, such transactions are one of the most important activities for banking institutions. Authors identify practices that might be considered as CSR tools, which appear within conducting financial operations. Besides, conclusions regarding the perception of social responsibility initiatives in Islamic countries are offered. Finally, the main peculiarities of alleged CSR practices, which arise as a part of Islamic religion, are highlighted.<\/p>\n

Conclusions<\/strong>. Globalization is increasingly affecting business practices as a whole and corporate social responsibility in particular. Such processes lead to the combination and integration of Western (North American and European) and Eastern (Asian and Islamic) principles and features of business ethics. In Islamic countries, all economic activities must comply with the laws of Koran. The findings of the article will be of interest for both researchers and practitioners in expanding our understanding of CSR initiatives affected by specific cultural domain. At the same time, question raised by this study will contribute to scientific discussion regarding possible CSR development under globalization perspective.<\/p>\n

Keywords<\/strong>: corporate social responsibility; Islamic banking; financial services; riba; gharar; haram; zakat.<\/p>\n

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