Maqasid al-Shari`ah, Maslahah, and Corporate Social Responsibility

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 whil...

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Autores principales:	Asyraf Wajdi Dusuki, Nurdianawati Irwani Abdullah
Formato:	article
Lenguaje:	EN
Publicado:	International Institute of Islamic Thought 2007
Materias:	Islam BP1-253
Acceso en línea:	https://doaj.org/article/2f6390c9134847769ed5cc487081637b
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spelling	oai:doaj.org-article:2f6390c9134847769ed5cc487081637b2021-12-02T18:18:43ZMaqasid al-Shari`ah, Maslahah, and Corporate Social Responsibility10.35632/ajis.v24i1.4152690-37332690-3741https://doaj.org/article/2f6390c9134847769ed5cc487081637b2007-01-01T00:00:00Zhttps://www.ajis.org/index.php/ajiss/article/view/415https://doaj.org/toc/2690-3733https://doaj.org/toc/2690-3741 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. Asyraf Wajdi DusukiNurdianawati Irwani AbdullahInternational Institute of Islamic ThoughtarticleIslamBP1-253ENAmerican Journal of Islam and Society, Vol 24, Iss 1 (2007)
institution	DOAJ
collection	DOAJ
language	EN
topic	Islam BP1-253
spellingShingle	Islam BP1-253 Asyraf Wajdi Dusuki Nurdianawati Irwani Abdullah Maqasid al-Shari`ah, Maslahah, and Corporate Social Responsibility
description	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.
format	article
author	Asyraf Wajdi Dusuki Nurdianawati Irwani Abdullah
author_facet	Asyraf Wajdi Dusuki Nurdianawati Irwani Abdullah
author_sort	Asyraf Wajdi Dusuki
title	Maqasid al-Shari`ah, Maslahah, and Corporate Social Responsibility
title_short	Maqasid al-Shari`ah, Maslahah, and Corporate Social Responsibility
title_full	Maqasid al-Shari`ah, Maslahah, and Corporate Social Responsibility
title_fullStr	Maqasid al-Shari`ah, Maslahah, and Corporate Social Responsibility
title_full_unstemmed	Maqasid al-Shari`ah, Maslahah, and Corporate Social Responsibility
title_sort	maqasid al-shari`ah, maslahah, and corporate social responsibility
publisher	International Institute of Islamic Thought
publishDate	2007
url	https://doaj.org/article/2f6390c9134847769ed5cc487081637b
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Maqasid al-Shari`ah, Maslahah, and Corporate Social Responsibility

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