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This study develops a research model to explain the acceptance of social banking. In order to find the antecedents of social banking intention, a meta-combination has been used. The results of a systematic review of the last decade of social commerce acceptance studies and the use of fuzzy Delphi and fuzzy DEMATEL methods led to the development of the model. The obtained model was investigated by the partial least squares method in the statistical community of banking customers. Then, by analyzing intermediate variables, the final results were obtained. Based on the obtained model, three types of effects were investigated: direct effects with the presence of the mediating factor or factors, direct effects by removing the mediating factor or factors, and indirect effect by considering the mediating factor or factors. The results show that except for privacy considerations, other factors including trust, attitude, social support, social commerce constructs, word of mouth, social influence, customer social responsibility and perceived usefulness have a direct and indirect effect on social banking intention. The privacy consideration factor has only indirect effect on social banking intention through the full mediation of the trust factor. Except for the effect of factors on the intention of social banking, based on the model obtained from meta-combination, the effect of factors on each other was also investigated and some were confirmed. This research introduces a socio-technical innovation by combining the application of social banking with a social commerce platform and presents a comprehensive model of the willingness to accept this innovation. [ABSTRACT FROM AUTHOR]

Extended Abstract Abstract The purpose of the research is to conceptualize social banking in the Sepeh Bank ecosystem using the qualitative method of the grounded theory of charms constructivism. The participants included the key experts of the banking system and universities related to the subject by means of sequential targeted sampling (snowball and theoretical sampling) and with maximum diversity in the number of 13 people who, with the unstructured interview technique, collected the data in three stages of initial, centralized and theoretical coding in MAXQDA 2020 software was analyzed. The findings showed that social banking with establishment in two dimensions of responsibility and social tasks and public social banking has been affected by facilitators (effective information and public relations system, social capital and governance and government policies in the bank), shaping factors (laws and banking policies, accountability system in optimal governance, culture-oriented banking), intervening factors in the choice of strategy (profit-based banking, value co-creation and management based on performance evaluation and marketing), strategies of facing the phenomenon of social banking (digital banking and rational bureaucracy system) and the results and consequences by arising of the emergence of social banking in Sepah banking system (organizational brand foresight and customer-oriented banking). Policy solutions are related to adopting a community-oriented approach, adapting the organizational structure to social problems, consolidating social capital, responsive governance, using new technologies and digitalization in social networks.Introduction One of the most important economic institutions of any country are banks, which play an undeniable role in society and improving social conditions (Adinefar et al., 2018); According to the changes in the approach of the banking system in relation to social issues, it is a new type of banking with social goals. Social banking is an alternative banking system that aims to empower and create dynamics in the quality of relationships between the bank and the people to be fruitful for socially disadvantaged people who are looking for entrepreneurship (Hani et al., 2021). In fact, responsible banking with its social impact seeks to create social value and social return, and the present study seeks to conceptualize social banking in Sepeh Bank ecosystem with constructivism approach in Iran.Theoretical frameworkSocial banking is based on investing in society that creates opportunities for disadvantaged people and supports social, environmental and ethical programs. Olaf Weber (2011) believes that unlike conventional banking, social banking focuses on social benefits and environmental issues, so that by pursuing social responsibility, the social effects of banking on financial returns are clarified and play a constructive role in solving social challenges. George Simmel focused on the importance of money and its effect on social relations, he believes that money is a tool that almost enters into people's social interactions and plays a decisive role in creating social connections between people (Deflem, 2003).Case study A case study in the organizational territory of Sepeh Bank included the executive vice-presidents of the center, west and east of the country and on participants who had research, knowledge, experience and organizational activity records in the field of social banking.Materials and Methods The current research was conducted using a qualitative method and using grounded theory with Charms' (2014) version of constructivism. Charms used the term "constructivism" against "constructionism" because in the constructivist approach, in addition to research participants, the researcher's mentality and involvement is also involved in the construction and interpretation of data, and social contexts, interaction, perspectives Common and interpretive understandings are emphasized. Using non-probability sampling strategy and in the manner of sequential targeted sampling, 13 participants were selected and included in the study. The process of data coding and analysis has been done using MAXQDA 2020 software in three primary, focused and theoretical stages. The quality assessment and audit of the research based on the specific criteria of Charmaz included the acceptability, originality, resonance and usefulness of the concepts, which were used to check the compatibility of the answers or concepts in the mind of the interviewees with the concepts considered by the researcher, after evaluating the extracted categories by the interviewees and announcing the opinions, the results showed that there is 85% agreement between the researcher and the respondents regarding the extracted concepts and categories in this study.Discussion and Results The identified key components consist of social banking in two dimensions of responsibility and social tasks and public social banking as the central phenomenon of the research affected by facilitators, shaping factors, intervening factors in strategy selection, strategies to face the phenomenon of social banking and the results and consequences by arising of the emergence of social banking in Sepah banking system were in the form of a paradigmatic model.ConclusionThe realization of social banking depends on the establishment of drivers and facilitators of effective information and specialized public relations with the aim of attracting low-cost resources to stabilize the Qarz al-Hasna system and in a way public banking to create social and public benefit. Choosing a banking strategy based on profit, value co-creation and management based on performance evaluation and marketing along with the financial economy of the banking system requires profit and added value for the bank. On the other hand, the strategies to deal with the phenomenon of social banking, including the digitization of banking by entering the space of social networks, will find the possibility to identify diverse customers and review the organizational mission by analyzing the needs and expectations of current and future customers. Therefore, the policy solution is to adopt a community-oriented approach, adapting the organizational structure to social problems, consolidating social capital, responsive governance, using new technologies and digitalization in social networks.

The technological developments in the social economy have significant implications for social banks and are optimistically changing the way social retail banks conduct their business. Social banks can invest in social services for small- and medium-sized enterprises (SSMEs) either to acquire a strategic advantage or out of strategic necessity. With the assistance of a mathematical model, this study tries to identify SME service channels and assess potential impacts on social deposit banks' performance. In the first stage, the proposed model estimates the predictive capacity of interpretive accounting variables (financial ratios) versus the interpreted accounting variable (future quarterly earnings before taxes (EBT)). Then, in the second stage, the SSME service channels were added to the earnings before tax model in terms of profitability measure, which informs corporate earnings before operating the business to account for the income tax attributed to it for the purpose of estimating their impact on the performance of social banks. According to our findings, the banks are investing in SME services just to validate their investments in SME services as a strategic necessity. SSMEs services do not provide any strategic advantage to any banks in terms of financial or accounting performance or efficiency since the banks are already efficient. Investing in SMEs is a tool for preserving their strategic positions. Therefore, the contribution of this study is focused on the fact that it highlights the impact of financing the social deposit banking industry on institutions, while most studies analyze the vice versa interaction. [ABSTRACT FROM AUTHOR]

Abstract Sustainable development efforts, initiated by the SDGs and the Paris Agreement on climate change, are bringing banking to the center of the debate, which calls for, among other things, sustainable banking. In the current academic discussion, sustainable banking is described as a terminological jungle that is subject to change over time. Using Webster and Watson’s conceptual model, this review analyzes the definitions and conceptual descriptions used in academia to present a consolidated result. The definition analysis conducted in this paper shows that definitions used mostly refer to the implementation of social, environmental aspects in the respective business strategies and / or to the offering of sustainably labeled products. This paper also shows that the various forms of the definition have a purely descriptive character and that measurability and comparability are hardly possible due to the lack of a generally accepted sustainability index.

Objective: Most common financial instruments used in social banks include crowdfunding, microfinance, and social business model (excluding dividends). Therefore, one of the social banks (SB) challenges is inadequate and unstable financial resources. This is an important constraint on pursuing their social missions. This study aims to examine the sustainability of financial resources in a social bank implementing Islamic financial instruments such as Ijarah -to give something on rent- and Mozara’ah contract. Mozara’ah is an agreement between the owner of the land and the farmer. The farmer cultivates the land and the produce is divided between the parties in an agreed with fixed-ratio.Methods: The study compares the sustainability of SB cash flow based on Islamic financial instruments such as Ijarah and Mozara’ah with an SB cash flow based on debt facilities such as microfinance using dynamic system simulation. The simulation is done by Vensim software.Results: The results show that the process of cash flow in the SBs with Ijarah and Mozara’ah, enjoys an uptrend. Whereas, the cash flow of SBs with Microfinance reflects the fluctuating behavior. Also, results of the simulation model consisting of Ijarah and Mozara’ah show a rate of return of 13 % in the second year and 20% in the sixth year on deposits which is higher than the interest rate of social banks based on microfinance.Conclusion: According to this research, the SBs using asset-based facilities would be more attractive for depositors in comparison with the SBs using debt-based facilities. So that they can overcome the limitation of access to sustainable financial resources. Therefore, they can be more successful in fulfilling their social mission.

The purpose of the research is to conceptualize social banking in the Sepeh Bank ecosystem using the qualitative method of the grounded theory of charms constructivism. The participants included the key experts of the banking system and universities related to the subject by means of sequential targeted sampling (snowball and theoretical sampling) and with maximum diversity in the number of 13 people who, with the unstructured interview technique, collected the data in three stages of initial, centralized and theoretical coding in MAXQDA 2020 software was analyzed. The findings showed that social banking with establishment in two dimensions of responsibility and social tasks and public social banking has been affected by facilitators (effective information and public relations system, social capital and governance and government policies in the bank), shaping factors (laws and banking policies, accountability system in optimal governance, culture-oriented banking), intervening factors in the choice of strategy (profit-based banking, value co-creation and management based on performance evaluation and marketing), strategies of facing the phenomenon of social banking (digital banking and rational bureaucracy system) and the results and consequences by arising of the emergence of social banking in Sepah banking system (organizational brand foresight and customer-oriented banking). Policy solutions are related to adopting a community-oriented approach, adapting the organizational structure to social problems, consolidating social capital, responsive governance, using new technologies and digitalization in social networks. [ABSTRACT FROM AUTHOR]

Islamic banking is a financial structure based on Islamic law (Sharia law) and driven by Islamic economics. The Islamic financial system, which offers alternative funding sources, is supported by four major pillars: the Islamic banking system, the Islamic money market, Islamic insurance, or takaful, and the Islamic capital market. On the other hand, social banks are founded on using financial services to "create a positive impact on the society and the environment; respectively, customers see Islamic banks, depositors, and the broader community as having a social as well as an economic role. In this respect, the main pillars of the United Nations Sustainable Development Goals (SDGs) include ending poverty and promoting sustainable development. This paper will investigate the similarities between Islamic and social banks. Furthermore, this research will highlight the contribution of the two banks toward achieving the UN Sustainable Development Goals (SDGs). [ABSTRACT FROM AUTHOR]

Islamic banking is a financial structure based on Islamic law (Sharia law) and driven by Islamic economics. The Islamic financial system, which offers alternative funding sources, is supported by four major pillars: the Islamic banking system, the Islamic money market, Islamic insurance, or takaful, and the Islamic capital market. On the other hand, social banks are founded on using financial services to “create a positive impact on the society and the environment; respectively, customers see Islamic banks, depositors, and the broader community as having a social as well as an economic role. In this respect, the main pillars of the United Nations Sustainable Development Goals (SDGs) include ending poverty and promoting sustainable development. This paper will investigate the similarities between Islamic and social banks. Furthermore, this research will highlight the contribution of the two banks toward achieving the UN Sustainable Development Goals (SDGs).

Sustainable development efforts, initiated by the SDGs and the Paris Agreement on climate change, are bringing banking to the center of the debate, which calls for, among other things, sustainable banking. In the current academic discussion, sustainable banking is described as a terminological jungle that is subject to change over time. Using Webster and Watson's conceptual model, this review analyzes the definitions and conceptual descriptions used in academia to present a consolidated result. The definition analysis conducted in this paper shows that definitions used mostly refer to the implementation of social, environmental aspects in the respective business strategies and / or to the offering of sustainably labeled products. This paper also shows that the various forms of the definition have a purely descriptive character and that measurability and comparability are hardly possible due to the lack of a generally accepted sustainability index. [ABSTRACT FROM AUTHOR]

Ethical banking has developed considerably in recent years. However, neither a universally accepted definition, nor a consensus by academicians about its typical characteristics yet exists to differentiate it from conventional banking. The purpose of this article is to bridge this gap in the literature using the notion of organisational identity, according to which an organisation is identified by a series of characteristics and attributes that differentiate it from other organisations. The case of Spanish ethical banking is analysed by examining the three main references in this country: Triodos Bank, Fiare and Coop57. The results allowed us to conclude that, despite no consensus on an ethical banking definition, an organisational identity does exist for ethical banking in Spain, which is defined according to the principles of integrity, responsibility and affinity. [ABSTRACT FROM AUTHOR]

Objective: Most common financial instruments used in social banks include crowdfunding, microfinance, and social business model (excluding dividends). Therefore, one of the social banks (SB) challenges is inadequate and unstable financial resources. This is an important constraint on pursuing their social missions. This study aims to examine the sustainability of financial resources in a social bank implementing Islamic financial instruments such as Ijarah -to give something on rent- and Mozara’ah contract. Mozara’ah is an agreement between the owner of the land and the farmer. The farmer cultivates the land and the produce is divided between the parties in an agreed with fixedratio. Methods: The study compares the sustainability of SB cash flow based on Islamic financial instruments such as Ijarah and Mozara’ah with an SB cash flow based on debt facilities such as microfinance using dynamic system simulation. The simulation is done by Vensim software. Results: The results show that the process of cash flow in the SBs with Ijarah and Mozara’ah, enjoys an uptrend. Whereas, the cash flow of SBs with Microfinance reflects the fluctuating behavior. Also, results of the simulation model consisting of Ijarah and Mozara’ah show a rate of return of 13% in the second year and 20% in the sixth year on deposits which is higher than the interest rate of social banks based on microfinance. Conclusion: According to this research, the SBs using asset-based facilities would be more attractive for depositors in comparison with the SBs using debt-based facilities. So that they can overcome the limitation of access to sustainable financial resources. Therefore, they can be more successful in fulfilling their social mission. [ABSTRACT FROM AUTHOR]

The technological developments in the social economy have significant implications for social banks and are optimistically changing the way social retail banks conduct their business. Social banks can invest in social services for small- and medium-sized enterprises (SSMEs) either to acquire a strategic advantage or out of strategic necessity. With the assistance of a mathematical model, this study tries to identify SME service channels and assess potential impacts on social deposit banks’ performance. In the first stage, the proposed model estimates the predictive capacity of interpretive accounting variables (financial ratios) versus the interpreted accounting variable (future quarterly earnings before taxes (EBT)). Then, in the second stage, the SSME service channels were added to the earnings before tax model in terms of profitability measure, which informs corporate earnings before operating the business to account for the income tax attributed to it for the purpose of estimating their impact on the performance of social banks. According to our findings, the banks are investing in SME services just to validate their investments in SME services as a strategic necessity. SSMEs services do not provide any strategic advantage to any banks in terms of financial or accounting performance or efficiency since the banks are already efficient. Investing in SMEs is a tool for preserving their strategic positions. Therefore, the contribution of this study is focused on the fact that it highlights the impact of financing the social deposit banking industry on institutions, while most studies analyze the vice versa interaction.

In the conditions of economic turbulence, it is important to develop new approaches to banking business management. The purpose of the study is to identify trends in Bank management in the context of interbank competition. The stated goal of the paper requires solving specific problems that characterize the logic of the research: to clarify the theoretical aspects of Bank management in the context of interbank competition; to review the current state of banks and identify areas of their business management; to recommend measures aimed at the sustainable position of banks. There have been used General scientific methods of analyzing statistical data and analytical reviews of the Bank of Russia. The works of foreign and domestic economists on the issues of bank management and the state of interbank competition serve as a theoretical and methodological base. The author identified the trend of strong concentration of assets and liabilities of mainly state-owned banks located in the Central Federal district of the country; identified the problem of oligopoly and Sberbank’s dominance in all segments of the banking market. The totality of the obtained results allowed the author to conclude that interbank competition is becoming more intense. Based on systematic and integrated approaches, there have been suggested measures aimed at ensuring transparency of the banking business, equal position of participants in the market and their stability. This determines the scientific and practical significance of the research. The results of the study can be used by the mega-regulator and Bank managers to progress a business development strategy, as well as by economists for further research.

Service sectors are the backbone of any economy. Due to the recent pandemic, this sector has been hit the hardest in developing countries. People are becoming unemployed, and the poverty rate is increasing at an unprecedented rate. Social banking, such as Grameen Bank, has played an essential role in lifting the poor out of poverty in various critical environments. Although relationship quality with customers plays a crucial role in this transformative banking services, there is a lack of research exploring its dimensions that made this sector sustainable. This paper aims to propose a social banking relationship quality framework by conducting a systematic literature review, 30 in-depth interviews and thematic analysis. The findings show that trust, respect and reciprocity are the primary critical relationship quality dimensions for sustaining social banking services in developing countries. [ABSTRACT FROM AUTHOR]

The Indian Financial System is becoming more and more complex and dynamic as the changes are taking place in the business environment. Small finance bank are a type of niche banks in India. The aim behind these banks is to provide financial inclusion to those sections of the economy not being served by other banks and financial institutions. Microfinance is a form of money lending or banking service that is offered to low earning individuals or rural poor. It tries to evaluate the role of developing the microfinance circle with special reference to ESAF microfinance, which is one of the leading microfinance institutions in Tamilnadu. This paper describes the awareness and perception of customers of ESAF in different parts of Tamilnadu. Social Banking provide banking for the poor population, working for their developmental needs, providing them with easy formal credit, minimal requirements to open accounts, ease of access and friendly staff etc. Banking system in which banks subsidize the provision of banking services to poor and the orientation is towards serving the mass is known as social banking. The main foreground of ESAF is the spotlight they give to small entrepreneurs. They should work towards making society free of poverty and thereby increasing living standards by giving them to opportunities to join mainstream banking. This present study was led with an essential goal to examine the different determinants and fulfilment level on social focuses of social banks in India. This examine study was led distinctly in ESAF SFB of Coimbatore District in Tamilnadu. [ABSTRACT FROM AUTHOR]

Topic. Social banking on the banking market in the world and in Russia.Purpose. To conduct a comprehensive institutional analysis of social banking from the formative period to the present day.Methodology. Institutional analysis.Results. After the financial crisis of 2008, social banking has become a competitive banking product. There is sufficient volume of research papers on disclosure of the content of the phenomenon of “social banking”, but so far full and, at the same time, non-abstract definition was not detected. The study formulated a comprehensive definition of social banking as a form of banking based on three key principles: responsibility, transparency and sustainable development that aims not just to maximize profit but to maximize the positive social effect from services provided to the clients, where getting of public important result is the substance.Conclusions. In the course of the study, it was determined that social banking is often identified with the banking activities conducted through social networking. It is fundamentally wrong, because building relationships with clients via social media is only a small share of social banking. In addition, it was revealed that the Russian market of social banking, which is represented by the services of microcredit and microfinance with high interest rates, is completely contrary to the concept of social banking.

Motivation: Banks play an important role connected with financing pro-ecological investments made by enterprises. They support pro-ecological activities of the entities applying for financing or offer saving/investment products relating to the environmental impact. In terms of their external pro-ecological activities there can be distinguished two groups of banks. The first group offers a wide selection of products and pro-ecological services as well as uses the tools of environmental risk management. The second group concentrates on offering selective products and services as well as is.Aim: The main objective of the study is to identify and assess some chosen aspects of ecological activities of the banks listed on Stock Exchanges in CEE countries and included in sectoral indices and sustainable indices such as: RESPECT, CEERIUS and VONIX. The scope of this analysis encompasses selected dimensions illustrating banks’ activities in terms of environmental protection. The analysis of the investigated dilemma was based mainly on the desk research of digital and documentary sources.Results: The results indicate relatively huge differences across environmental care in value-based banks compared to conventional banks, and small differences between value-based banks.

The social banking market constitutes a small but rapidly growing submarket of the global banking sector. Due to an explicit commitment to sustainability, social banking is a segment of banking services which is not exclusively focused on economic performance criteria, but pursues ecological and social goal dimensions on an equal footing. Information on the number and reachability of potential social banking customers is essential for social banks to further promote sustainable consumption in finance. In scientific research, social banking is considered a relatively new field, still lacking empirical analyses regarding the market size and specific consumer behaviour. This study addresses the research gap by generating first insights into the German social banking market. Based on an online survey using an adaptive conjoint analysis, a large data set covering 3537 respondents was compiled. Sample 1 comprises 2896 respondents who are customers of three major social banks in Germany. Sample 2 covers the remaining 641 respondents who represent the German adult population and exclusively buy from conventional banks. Logistic regression modelling reveals that social banking customers differ significantly from their conventional counterparts regarding several socio-demographic, behavioural and psychographic factors. In comparison with conventional banking customers, social banking customers tend to be younger, higher educated and located in larger places of residence. Contrary to existing research on socially responsible investors, they are male to a higher proportion than female. Moreover, social banking customers demonstrate stronger sustainable buying patterns and weaker preferences for financial, but stronger preferences for social return than conventional banking customers. The results further indicate a considerable untapped growth potential for social banks by uncovering a market size ranging between 10 and 26% of the German adult population. Finally, suggestions for marketing strategies and future research are given. [ABSTRACT FROM AUTHOR]

Technology roadmapping is considered as a method to manage, plan and develop technology and is a tool that helps companies and industries in planning their activities. By studying technology roadmap frameworks and their implementations in different industries, it is observed that the considerations and requirements of technology development in developing countries have been neglected in current published literatures. In this research by introducing technological learning as an appropriate analysis level for technology roadmapping in developing countries, the main components of technological learning including technological capabilities (TC) and catch up strategy have been identified and efforts have been made to integrate these components in ordinary technology roadmap architectures and thereby introduce learning-based technology roadmap architecture for industries in developing countries. Finally, to validate the framework, it is applied for social banking in Iran as a case study.

Copyright of Revista de Estudios Cooperativos is the property of Universidad Complutense de Madrid and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Technology roadmapping is a planning tool that plays a key role in technology, innovation and R&D decisions in range of business, industry and national levels and shows the path for development of required skills. As technology development engine in late industrialized countries is technological learning rather than innovation, we observe that the considerations and requirements of technology development in developing countries have been neglected in current published literature on technology roadmaps. In this paper, by introducing technological learning as an appropriate analysis level for technology roadmapping in developing countries, the main components of technological learning including technological capabilities (TCs) and catch up strategy have been identified and efforts have been made to integrate these components in the ordinary technology roadmap architectures and thereby introduce an appropriate architecture for industries in developing countries. Finally to validate the proposed architecture, technology roadmapping is applied for social banking in Iran based on the architecture. [ABSTRACT FROM AUTHOR]

Motivation: Banks play an important role connected with financing pro-ecological investments made by enterprises. They support pro-ecological activities of the entities applying for financing or offer saving/investment products relating to the environmental impact. In terms of their external pro-ecological activities there can be distinguished two groups of banks. The first group offers a wide selection of products and pro-ecological services as well as uses the tools of environmental risk management. The second group concentrates on offering selective products and services as well as is. Aim: The main objective of the study is to identify and assess some chosen aspects of ecological activities of the banks listed on Stock Exchanges in CEE countries and included in sectoral indices and sustainable indices such as: RESPECT, CEERIUS and VONIX. The scope of this analysis encompasses selected dimensions illustrating banks' activities in terms of environmental protection. The analysis of the investigated dilemma was based mainly on the desk research of digital and documentary sources. Results: The results indicate relatively huge differences across environmental care in value-based banks compared to conventional banks, and small differences between value-based banks. [ABSTRACT FROM AUTHOR]

Islamic banking has established for the last 40 years, yet only recently researchers acknowledge social failures of Islamic banking and finance. This has led to a proposition of forming new forms of banking and non-banking institutions that include social banking. It is argued that in considering the developmentalist needs of the Muslim societies in Malaysia, there is a need to go back to fundamentals of Islamic finance in realising the aspirational Islamic moral economy that emphasises on the social good, capacity development at the individual and social levels. This paper aims to explore the concept of social banking and search for the possibilities for internalisation in Malaysian Islamic banking. To gain understanding on this pertinent issue, an empirical investigation was conducted at 17 Islamic banks in Malaysia. A mixed method was employed. For the primary data collection, 477 respondents of Islamic banks clients and employees participated in a self-administrated survey, and 11 respondents from the executive and managerial level of eight Islamic banks involved in a semi-structured interview survey. The integrated analysis implies that Islamic banking significantly contributes to socio-economic development. On the contrary, financial and economic practices in everyday life do not reflect the social economic justice. The result further illustrates that the Islamic banks lack social contributions as they prone to practice efficiency-oriented institutions. Hence, a social banking model is needed to solve the lack of socio-economic development issue in the current practice of Islamic bank. [ABSTRACT FROM AUTHOR]

Islamic banking is an experiment of the viability of Islamic economy with the aim to fulfill the socioeconomic justice that balances the material and social aspects of finance. However, the current practice of Islamic banking has yet to address the moral issues in promoting a balance between social and economic justice. Consequently, some scholars suggested that it is timely to learn from the experience of social banking model; that is an articulation of a sustainable and CSR oriented banking model in fulfilling the developmental needs of Muslim societies. Therefore, the purpose of this study is to introduce the idea of Islamic social banking based on the aspiration of Islamic moral economy. This paper will also discuss the social and sustainable features of social banking from an Islamic view which importantly will lead to social and economic development. The implication of the study is to fulfil the developmental needs of the Muslims in alleviating poverty and uplifting the social status by introducing a social bank which is Shari'ah compliance. [ABSTRACT FROM AUTHOR]

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