Islamic Corporate Social Responsibility and Patronage of Non-interest Cooperative Societies in North-central, Nigeria

Authors

  • Mustapha Yusuf Ismaila Department of Marketing, University of Ilorin, Ilorin
  • Yahaya Abdulhameed Ahmed Department of Business Administration, University of Ilorin
  • Abduazeez Sodiq Olamilekan Department of Marketing, University of Ilorin, ilorin
  • Olowo Ahmed Abdulganiyu

Keywords:

Islamic Economic Responsibility, Islamic Philanthropic Responsibility, Halal Products, Halal Investments, Non-interest Cooperative Societies, Reputation Non-interest Cooperative Societies

Abstract

Islamic corporate social responsibility (ICSR) aims to foster social, spiritual, and economic welfare of the individual in this world and hereafter. This study queries the extent of implementation of this concept by Shari’ah based cooperative societies in Nigeria. The objective of the study is to examine the impact of Islamic economic responsibility on the patronage rate of Non-interest cooperative societies The study’s population comprises 210  members of the selected non-interest cooperative societies operating in the North-central region of Nigeria. Partial least squares structural equation modeling (PLS-SEM) with bootstrap processes serves as the analytical technique and the data were analysed using ADANCO 2.1 software. The Finding of the study revealed that halal products and halal investments have positive effect on the patronage rate of non-interest cooperative societies. The study recommended that executive of non-interest cooperative societies should proactively exploit the potentials of halal investment in their operational strategies and programmes.

 

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Published

2021-06-30

Issue

Vol. 11 No. 1 (2021): Volume 11, Issue 1, June 2021

Section

Research Articles