Maqasid Al-Shari’ah, Maslahah, and Corporate Social Responsibility (2007)

Dusuki , Asyraf Wajdi; Abdullah , Nurdinawati Irwani

doi:10.35632/ajis.v41i1.3417

Article Details

Maqasid Al-Shari’ah, Maslahah, and Corporate Social Responsibility (2007)

Authors:

Dusuki , Asyraf Wajdi | Abdullah , Nurdinawati Irwani

Publisher:

International Institute of Islamic Thought

Main Topics:

Islamic Banking and Finance

Journal:

American Journal of Islamic Social Sciences 2024 Vol.41 Issue 1, pp.10-35

Document Type:

Article

Publication Date:

3/2024

Document Language:

English

Document ID (Org No.):

265263

Frequency:

Quarterly

pISSN:

08877653

DOI:

10.35632/ajis.v41i1.3417

Descriptors:

Abstract:

 The doctrine of corporate social responsibility (CSR), which has emerged and developed rapidly as a field of study, is a framework for the role of business in society. It sets standards of behavior to which a company must subscribe in order to impact society in a positive and productive manner while abiding by values that exclude seeking profit at any cost. Despite the many attempts to construe CSR initiatives, it remains open to wide criticism for its inherent problems via-à-vis justification, conceptual clarity, and possible inconsistency. These problems are more acute when it comes to implementing and operationalizing CSR on the ground, especially in a situation that involves trade-offs. This paper offers an instructive understanding of CSR from an Islamic perspective. In particular, the implication of maqasid al-Shari`ah (the Shari`ah’s objectives) and the application of maslahah (the public good) to CSR are discussed in detail to shed light on how Islam’s holistic and dynamic perception of CSR take into consideration reality and ever-changing circumstances. These principles also provide a better framework that managers can use when faced with potential conflicts arising from the diverse expectations and interests of a corporation’s stakeholders

Article Details

Maqasid Al-Shari’ah, Maslahah, and Corporate Social Responsibility (2007)

Authors:

Dusuki , Asyraf Wajdi | Abdullah , Nurdinawati Irwani

Publisher:

International Institute of Islamic Thought

Main Topics:

Islamic Banking and Finance

Journal:

American Journal of Islamic Social Sciences 2024 Vol.41 Issue 1, pp.10-35

Document Type:

Article

Publication Date:

3/2024

Document Language:

English

Document ID (Org No.):

265263

Frequency:

Quarterly

pISSN:

08877653

DOI:

10.35632/ajis.v41i1.3417

Descriptors:

ISLAMIC LAW

CORPORATIONS

BANKING

RESPONSIBILITIES

Issues

Article Details

Maqasid Al-Shari’ah, Maslahah, and Corporate Social Responsibility (2007)

Authors: Dusuki , Asyraf Wajdi | Abdullah , Nurdinawati Irwani

Publisher: International Institute of Islamic Thought

Main Topics: Islamic Banking and Finance

Journal: American Journal of Islamic Social Sciences 2024 Vol.41 Issue 1, pp.10-35

Document Type: Article

Publication Date: 3/2024

Document Language: English

Document ID (Org No.): 265263

Frequency: Quarterly

pISSN: 08877653

DOI: 10.35632/ajis.v41i1.3417

Descriptors:

ISLAMIC LAW

CORPORATIONS

BANKING

RESPONSIBILITIES

Issues

Authors:

Dusuki , Asyraf Wajdi | Abdullah , Nurdinawati Irwani

Publisher:

International Institute of Islamic Thought

Main Topics:

Islamic Banking and Finance

Journal:

American Journal of Islamic Social Sciences 2024 Vol.41 Issue 1, pp.10-35

Document Type:

Article

Publication Date:

3/2024

Document Language:

English

Document ID (Org No.):

265263

Frequency:

Quarterly

pISSN:

08877653

DOI:

10.35632/ajis.v41i1.3417