Islam and business
Islam and business
Wilson R. Thunderbird International Business Review,January/February 2006, Vol. 48 No. 1, Start page: 109, No of pages: 15
Purpose – To investigate the implications of Islamic beliefs for business, particularly in terms of organization, governance and ethics, as part of a special issue of this journal on intercultural approaches to comparative business systems and practices in “silk road” countries. Design/methodology/approach – Contra Rodinson, who declared that Islam was incompatible with capitalism, sets out to examine ways in which businesses based in Muslim countries organize in accordance with Islamic law, delving into the areas of corporate governance, business ethics and the responsibilities of Muslim chief executives as regards guardianship of resources and responsibility to the less well-off. Findings – Cites authors who perceive moves towards a distinctively Islamic mode of capitalism, shunning the excesses of the western version, and involving shariah-based banking and finance. Research limitations/implications – Incorporates the views of leading self-designated “Islamic economists”. Originality/value –Contends that multinational companies seeking success in the Islamic world must pay closer attention to the religion and culture of their employees, clients and suppliers.ISSN: 1096-4762Reference: 35AE743
Keywords: Banking, Capitalist systems, Corporate governance, Ethics,Islam, Middle east, Religion
