Abstract
The study highlights and explains the concept and elements of Corporate Social Responsibility (CSR). It has vast applications in the field of management, accounting, ethics, marketing and many other areas including corporate finance. It has attained special importance in the modern age in the field of corporate finance. The objective of CSR is to promote benefits from large companies’ operations to local communities. I t e nsures that the private sector may not violate the human rights and it provides the promotion of the human rights. It also increases the transparency in business practice and core labor standards. It represents the integrity with which a company governs itself, fulfills its mission, lives by its values, engages with its stakeholders, measures its impact and reports on its activities. The Shariah is a first step for understanding CSR in Islam. The main components of Shariah explain the corporate social responsibility and these components are: faith (aqidah), morality (akhliq) and fiqh (legal rulings). Taqwa (Allah’s consciousness) is central and focal point to establish the relationship of man with Allah and toward the activities of this world. Pakistan is committed to developing a socially and environmentally responsive corporate sector and is playing a proactive role in the development of CSR culture in the country’s business arena.