Abstract
Many Western theoreticians have attempted to offer theoretical, moral and ethical groundings for Corporate Social Responsibility (CSR) initiatives. However, these attempts have been broadly criticized for problems relating to justification, conceptual clarity and possible inconsistency, and for failing to give adequate ethical guidance to business executives who must decide which course to pursue and with how much commitment. Therefore, it is obvious that there is a need to develop the concept of CSR, which has gained popularity and wide acceptance amongst the Western and Islamic business communities, especially from an Islamic perspective. We developed a model of Islamic Corporate Social Responsibility (ICSR) based on Carroll's (1979) theory of CSR. This study extends Carroll's (1979) theory using the operational definition of CSR that encompasses the economic, legal, ethical, and philanthropic dimensions of corporate social responsibility from an Islamic perspective.