Directors’ Islamic Code of Ethics

Research Management Institute (RMI), 2013

International Journal of Business and Society, 2017

The purpose of this paper is threefold. First, it is to highlight corporate scandals in Malaysia. Second, it is to discuss major causes of these scandals. Third, it is to recommend possible actions and preventive measures to curb these scandals from the Islamic point of view. On the whole, the paper will motivate researchers to initiate and commence research into Islamic ethics and governance.

Yasin Mohamoud, 2022

It has always been a core of hundreds of discussion, books, Research Papers and other manuscripts, the code of Organizational code of conduct and its distinct boundaries with respect to Western social values in close comparison with Islamic code of moral practices. In fact the fundamental philosophy behind these two conventional and peculiar schools of thought is very different and distinct in its very nature and intrinsic focus. The fundamental emphasis of this paper is to encircle, envelop and ensemble relevant ideas pertaining to the challenges of Islamic ethics with the Managerial traits in the very right perspective of an Organization, running beneath the banner of comprehensive Islamic Code of Conduct. In order to establish an inclusive understanding of Ethics in the Islamic perspective, it is indispensable to begin with its conceptual and philosophical definition. The most important above all is to look into how we can improve the challenges of implementing the ethics of Islam with managerial traits and the performance of organization.

Modern Management Review

The paper is dedicated to two main issues, namely (1) the representation of general Islamic ethics, the analysis of its specific methodology of moral validation by referring to the Qur'an and Sunna, and its interconnectivity with the Islamic law – Shari’a, as well as to (2) presenting Islamic managerial ethics as a derivative from the general Islamic ethics when it comes to both building moral arguments and propagating the proper moral behavior by promoting moral virtues and normatively analyzing what is right and wrong in the particular business situation. Among the used methods, there was content analysis, comparable analysis, inference, and the evolution of the normative theories. Then, the very Islam-specific confluence of ethics and law is discussed. These data are presented and analyzed as a required context for proper understanding of applied ethics in Islam, and in the case of this paper – Islamic managerial ethics.

2018

The purpose of this paper is to explore the director’s work ethics particularly on Islamic perspectives and prophetic character towards sustaining the performance of the Islamic business organisations. The paper highlights the corporate scandals that occurred in Malaysia. Then, it examines and reviews prior studies on directors’ work ethics, ethics from religious viewpoint and Islamic work ethics. Next, it also discusses the directors’ work ethics based on prophetic characters and present a theoretical framework for directors’ work ethics that applicable in modern business activities. The proposed theoretical framework contains four fundamental characters of directors which are siddiq (truthfulness), fatanah (intelligent), tabligh (deliver) and amanah (trustworhtiness). This framework is hoped to increase the integrity and moral behaviours of the directors and eventually preventing them from involve in various unethical conduct especially in business activities that will tarnish the...

2019

Business scandals and ethical misconduct caused millions of dollars in losses, left behind damaged organizations, forced them to close their business and left thousands employees jobless without any future guarantee or security. This incident has left scholars and managers asking what role they might have played to curb these ethical scandals and what role they can play in the solutions. Scholar and managers collectively have responded to the ethical challenges that we face in organizational life. Some scholarship assesses the current state of ethics in management education, helping us to diagnose and tackle the realities of unethical behavior. Part of the solution to this problem is to design and develop courses and programs in a better way, integrate business and management learning with ethical conduct. Scholars should focus on which standards should be advanced. Indeed, what connects these diverse discussion is a clear recognition that educational components designed to solve th...

This paper encompasses Managerial acts and the personality of a Manger within an Organization and working ideology that formulates the theoretical framework of this paper is Islamic teachings in the light of Quranic verses and sayings of Holy Prophet (pbuh) . There is a dire need to disseminate the true Islamic teaching in an unbiased, moderate and practical manner that advocates the preaching of Islam and paints the real picture of the said religion with true colors. The significance of this study is more than ever as every passing day is adding more fuel to the fire engulf between Islam and west. The principle ideologies of Islam are universal as the Holy Prophet (pbuh) was the last in the list and series of Messengers sent by GOD. Round the globe the level of uncertainty is on the rise, unrest in many countries and political instability has turned the corporate Managers into money minting machines and companies are trying to squeeze the last drop of blood out of their bodies in order to earn more. A Manager must be a role model and if Ethics is compromised then no organization would be able to survive in the long run and Islamic Managerial Ethics provides the foundation for framing this role model.

Revista Gestão Inovação e Tecnologias, 2021

Ethical culture and integrity values are the bases that a nation needs to establish in order to achieve optimum development. A nation’s identity and reputation will become tarnished if the two elements are not presented in at least, adequate scale. Ethics that are meant to bring eminence in an organization have to be expanded to form a high-minded society, in accordance with the concept of Islam which is progressively being put into practice today. This paperwork is going to deepen and analyse Islamic sources which are al-Quran, al Hadith and Seerah Nabawiyyah (Biography of Muhammad PUBH) with specificity in the particular topic discussed here, which is organizational ethics. Related verses from al-Quran and hadiths will be scrutinized. This will include the bases, purposes and demands of ethical forming. Concepts and principles of organizational ethics will be explained in details by which verdicts from former and current scholars are made reference to. It is hoped that through the...

Departing from the Islamic perspectives on ethics, this paper develops a conceptual framework for ethical decision making in Islamic financial institution. While making use of the similarities between the scientific method and the Islamic jurisprudence method, the framework is developed by means of argumentation and reasoning to integrate Sharia doctrines with the PDCA cycle as a managerial tool. The framework can help overcoming the methodological deficiencies in measuring ethical performance by focusing on the process of the ethical decision making that leads to the end results of the organisational behaviour rather than the end results themselves.

2019

Business scandals and ethical misconduct caused millions of dollars in losses, left behind damaged organizations, forced them to close their business and left thousands of employees jobless without any future guarantee or security. This incident has left scholars and managers asking what role they might have played to curb these ethical scandals and what role they can play in the solutions. Scholar and managers collectively have responded to the ethical challenges that we face in organizational life. Some scholarship assesses the current state of ethics in management education, helping us to diagnose and tackle the realities of unethical behavior. Part of the solution to this problem is to design and develop courses and programs in a better way, integrate business and management learning with ethical conduct. Scholars should focus on which standards should be advanced. Indeed, what connects these diverse discussions is a clear recognition that educational components designed to solv...