Beyond good practices and standards : an Islamic framework of sustainable business practices for corporate organization
Author
Source
Issue
Vol. 25, Issue 3 (31 Jan. 2018), pp.1-18, 18 p.
Publisher
Islamic Development Bank (IDB) Islamic Research and Training Institute (IRTI)
Publication Date
2018-01-31
Country of Publication
Saudi Arabia
No. of Pages
18
Main Subjects
Economics & Business Administration
Abstract EN
The aim of this paper is to explore why, how and when a business organisation may choose to go beyond good business practices and standards.
In writing this article, the researcher sought to engage with modern secular insights about sustainable business practices for corporate organisations and to be in critical dialogue with those insights.
The study addresses the questions of how can corporations develop into responsible moral agents and what effective framework can be used for sustainable business practices within an Islamic setting? It proposes to incorporate Islamic ethical principles such as ikhlāṣ (sincerity), ‘ilm (knowledge), ḥikmah (wisdom), hilm (forbearance) and rifq (gentleness), sabr (patience), tawaadu’ (humility), qudwah (good example), husnul-Istimaa’ (good listening), shajaa’ah (courage), karam (generosity) into corporate business practices.
This study is an effort to bring religion into our economic lives, which invariably means bringing religious ethics into what is supposed to be free of such values.
American Psychological Association (APA)
Fahm, Abd al-Ghaffar Olawale. 2018. Beyond good practices and standards : an Islamic framework of sustainable business practices for corporate organization. Islamic Economic Studies،Vol. 25, no. 3, pp.1-18.
https://search.emarefa.net/detail/BIM-834568
Modern Language Association (MLA)
Fahm, Abd al-Ghaffar Olawale. Beyond good practices and standards : an Islamic framework of sustainable business practices for corporate organization. Islamic Economic Studies Vol. 25, no. 3 (Jan. 2018), pp.1-18.
https://search.emarefa.net/detail/BIM-834568
American Medical Association (AMA)
Fahm, Abd al-Ghaffar Olawale. Beyond good practices and standards : an Islamic framework of sustainable business practices for corporate organization. Islamic Economic Studies. 2018. Vol. 25, no. 3, pp.1-18.
https://search.emarefa.net/detail/BIM-834568
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 17-18
Record ID
BIM-834568