Islamic concept of employer-employee relationships : an instrument for managing human resources and certain operational risk exposures

Other Title(s)

العلاقة بين رب العمل و العامل : نظرة إسلامية

Author

Sidu, Abd Allah Muhammad

Source

حوار الأربعاء 1428-1429 ه (2007-2008 م)

Publisher

King Abdulaziz University Islamic Economics Institute

Publication Date

2008-12-31

Country of Publication

Saudi Arabia

No. of Pages

22

Main Subjects

Economics & Business Administration (Multidisciplinary)
Islamic Studies

English Abstract

This paper describes the Islamic concepts of employer-employee relationships in line with the teachings of the Quran and Hadith {the tradition of the Prophet (PBUH)}.

In addition, this paper discusses how these concepts can help in achieving a smooth and harmonious relationship between employer and employee in the workplace.

Furthermore, this paper stresses the importance and need for good employer and employee relationships and states that this can be achieved by following Islamic principles for the management of human resources.

These principles address wrongful acts in relation to operational risks in financial and non-financial institutions.

The purpose of this paper is to provide a clear presentation of these Islamic concepts, for the benefit of those interested groups in the management of human resources and the elimination of human errors in operational risks.

Operational risk and its measurement are among the dominant issues being curretly deliberated on in risk management.

This issue is being discussed by, among others, the Bank for International Settlement (BIS); risk management professionals; banking and non-banking financial institutions.

The critical issues in this paper, apart from the Islamic concepts being deliberated on, are motivation for productivity and mitigation against wrongful acts, with both being practical in application.

They include: 1.

The Islamic concept of employer–employee relationships; 2.

ethical behaviour of both employer and employee; 3.

special regard for, and good treatment of, employees as brothers; 4.

performing work honestly and responsibly; 5.

giving employees dignified and meaningful work; and 6.

the payment of employees' wages on time.

Language

English

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Data Type

Book chapters

Record ID

BIM-858542