Corporate Social Responsibility from an Islamic Law Perspective Term Paper by Nicky

The paper examines Islamic law and how it applied to the concept of corporate social responsibility.
# 145699 | 1,080 words | 12 sources | APA | 2010 | US
Published on Nov 24, 2010 in Business (Law) , Religion and Theology (Islam) , Economics (General) , Ethics (General)


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Description:

Corporate social responsibility programs are more than attempts to generate the benefits of altruism and ethics. They are the basis of defining how organizations can be the catalyst of positive change within their communities. The writer of the paper contends that when taken from an Islamic law perspective the religious requirements as defined by the precepts of the Koran bring an added dimension that encompasses reciprocity as a moral and religious duty. The paper then proceeds to examine the fundamentals of Islamic CSR as compared with other models.

Outline:
Introduction
Variations in Philanthropy Between Islamic and Neoclassical Economics
Comparing CSR Initiatives in Islamic and Common Law-based Nations
References

From the Paper:

"The concept of Corporate Social Responsibility (CSR) is at its very basis an exercise in Utilitarian ethics (Lynch-Wood, Williamson, Jenkins. 2009, 53, 54), egalitarianism (Stephenson, 2009, et.al), and concept of inculcating high ethical standards of reciprocity at the highest levels of an organization (McDonald, Pak, 1996, 973) which have been proven to influence ethicacy throughout the organization itself. CSR programs are more than attempts to generate the benefits of altruism and ethicacy however; they are the basis of defining how organizations can be the catalyst of positive change within their communities (Sirsly, 2009, 90 - 94). It is not so much the investment in the community to gain financial rewards, but to enrich ones' community for the mutual benefit of all, with many of these benefits not realized for years or decades. There is a consistency of research showing that the value from any CSR program concentrates on measuring and evaluating the long-tern value gained by those the program is meant to serve (Berens, van Riel, Rekom, 2007, 245 - 252). When taken from an Islamic law perspective the religious requirements as defined by the precepts of Qur'an bring an added dimension that encompasses reciprocity as a moral and religious duty (Mirfazli, 2008, 275 - 278)."

Sample of Sources Used:

  • Guido Berens, Cees B M van Riel, Johan van Rekom. 2007. The CSR-Quality Trade-Off: When can Corporate Social Responsibility and Corporate Ability Compensate Each Other? Journal of Business Ethics 74, no. 3 (September 1): 233-252. http://www.proquest.com (accessed January 24, 2009).
  • Masudul Alam Choudhury 2001. Islamic venture capital - A critical examination. Journal of Economic Studies 28, no. 1 (January 1): 14-33. http://www.proquest.com (accessed January 12, 2009).
  • Masudul Alam Choudhury 2006. Islamic macroeconomics? International Journal of Social Economics 33, no. 1/2 (January 1): 160-186. http://www.proquest.com (accessed January 14, 2009).
  • Marios Katsioloudes, Tor Brodtkorb. 2007. Corporate Social Responsibility: An Exploratory Study in the United Arab Emirates. S.A.M. Advanced Management Journal 72, no. 4 (October 1): 9-20,2. http://www.proquest.com (accessed January 14, 2009).
  • Gary Lynch-Wood, David Williamson, Wyn Jenkins. 2009. The over-reliance on self-regulation in CSR policy. Business Ethics 18, no. 1 (January 1): 52-65. http://www.proquest.com (accessed January 14, 2009).

Cite this Term Paper:

APA Format

Corporate Social Responsibility from an Islamic Law Perspective (2010, November 24) Retrieved February 20, 2020, from https://www.academon.com/term-paper/corporate-social-responsibility-from-an-islamic-law-perspective-145699/

MLA Format

"Corporate Social Responsibility from an Islamic Law Perspective" 24 November 2010. Web. 20 February. 2020. <https://www.academon.com/term-paper/corporate-social-responsibility-from-an-islamic-law-perspective-145699/>

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