Abstract
In this chapter, we will try to explore the ethics and social responsibility in Islamic finance from the roots of Shari’a and Quran. It is known that the economic responsibility of all companies is to offer goods and services so they can earn, as much profit is possible. But, what about ethics and social responsibility? According to Islamic rules companies has to fulfill these pillars. Except national laws, regulations, adapting to the world economy and globalization they must function according and respecting the Islamic Law. It is a request, not an expectation. Islamic Law it is a complete and entire code that provides rules and norms of life that are based on ethics and social responsibility.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Ahmad, K. (2000). Islamic finance and banking: The challenge and prospects. Review of Islamic Economics, 9, 57–82.
Ahmed, H. (2012). Defining ethics in Islamic finance: Looking beyond legality. New Horizon, Global Perspective on Islamic Banking and Insurance, 184, 20–22.
Anggadwita, G., Mulyaningsih, H. D., Ramadani, V., & Arwiyah, M. Y. (2015). Women entrepreneurship in Islamic perspective: A driver for social change. International Journal of Business and Globalisation, 15(3), 389–404.
Arabi, O. (1997). Intention and method in Sanhuri’s Fiqh: Cause as ulterior motive. Islamic Law and Society, 4(2), 200–223.
Chapra, M. U. (1979). Objectives of the Islamic economic order. Leicester: The Islamic Foundation.
Chapra, M. U. (2012). Islamic work ethics. Retrieved June 10, 2013, from http://www.onislam.net/english/reading-islam/research-studies/politics-and-economics/456671-islamic-work-ethics.html?Economics=
Dana, L. P. (2009). Religion as an explanatory variable for entrepreneurship. International Journal of Entrepreneurship and Innovation, 10(2), 97–109.
Dana, L. P. (Ed.). (2010). Entrepreneurship and religion. Cheltenham: Edward Elgar.
Davies, H. (2002). Ethics in regulation. Business Ethics: A European Review, 10(4), 280–287.
Davis, K. M. (2013). Entrepreneurship: An Islamic perspective. International Journal of Entrepreneurship and Small Business, 20(1), 63–69.
Gazali, S. A., Sejid, O. S., & Gazali, A. (2008). An introduction to Islamic economics and finance. Prishtinë: Fjala e Bukur (In Albanian).
Habib, A. (2012). Islamic law, investors’ rights and corporate finance. Journal of Corporate Law Studies, 12(2), 367–392.
Haiwad, A. (2008). Islamic banking system, Islamic banking concept, Islamic banking. Kandahar, Afghanistan. Available at SSRN. Retrieved August 13, 2015, from http://ssrn.com/abstract=1283093
Kamali, M. H. (2008). Shari’ah law: An introduction. Oxford: Oneworld Publications.
Ramadani, V., Dana, L. P., Ratten, V., & Tahiri, S. (2015). The context of Islamic entrepreneurship and business: Concept, principles and perspectives. International Journal of Business and Globalisation, 15(3), 244–261.
Reinhart, A. K. (1983). Islamic law as Islamic ethics. The Journal of Religious Ethics, 11(2), 186–203.
Rexhepi, G., Kurtishi, S., & Bexheti, G. (2013). Corporate social responsibility (CSR) and innovation—The drivers of business growth? Procedia-Social and Behavioral Sciences, 75, 532–541.
Rexhepi, G., & Ramadani, N. (2015). Islamic financing sources of entrepreneurial ventures in a non-Islamic country: Challenges and benefits. International Journal of Business and Globalisation, 15(3), 349–374.
Warde, I. (2000). Islamic finance in the global economy. Edinburg: Edinburgh University.
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2017 Springer International Publishing Switzerland
About this chapter
Cite this chapter
Rexhepi, G., Ramadani, N. (2017). Ethics and Social Responsibility in Islamic Finance. In: Ramadani, V., Dana, LP., Gërguri-Rashiti, S., Ratten, V. (eds) Entrepreneurship and Management in an Islamic Context. Springer, Cham. https://doi.org/10.1007/978-3-319-39679-8_9
Download citation
DOI: https://doi.org/10.1007/978-3-319-39679-8_9
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-319-39677-4
Online ISBN: 978-3-319-39679-8
eBook Packages: Business and ManagementBusiness and Management (R0)