Business Ethics in Islam: From Principles to Corporate Practice
MTA
Integrating maqasid al-sharia frameworks into modern organizational governance and CSR
This book presents a comprehensive framework for embedding Islamic ethical principles into modern corporate practice, beginning with the foundational concepts of Tawhid, Adl, Ihsan, Rahmah, and the prohibitions against Riba, Gharar, and Maysir. It shows how these values are not merely theological ideals but practical guides for justice, trust, excellence, and compassion in business. The Maqasid alâShariaâpreserving faith, life, intellect, progeny, property, and dignityâare introduced as a strategic lens that shifts the focus from mere permissibility to net benefit and harm reduction for all stakeholders.
The work then translates these principles into concrete governance mechanisms: board composition and ethics committees, Sharia Supervisory Boards and fatwa processes, integrated risk management that includes Maqasidâaligned risks, internal controls grounded in amanah and transparency, and robust whistleblowing and accountability systems. It details how stakeholder mapping, employee rights, supply chain ethics (including Halal assurance), environmental stewardship (khilafah and climate risk), ethical finance and investment screening, and Islamic social finance (Zakat, Waqf, Sadaqah) operationalize the Maqasid across the value chain. Additional chapters cover product safety and truthful marketing, data governance and AI ethics, crisis management, and impact measurement through KPIs, audits, and integrated reporting.
The book further addresses the human and cultural dimensions of ethical performance, offering guidance on training, change management, and leadership tone, and adapts the framework for SMEs, family businesses, and multinational operations. Sectorâspecific case studies in finance, manufacturing, and technology illustrate realâworld applications, while chapters on publicâprivate collaboration and SDG alignment demonstrate how Islamic ethics can contribute to global development goals. Finally, it provides a phased implementation roadmapâassessment and foundation, integration and implementation, sustained performance and evolutionâto help organizations move from aspiration to measurable, accountable ethical practice.
This book is designed for senior executives, board members, CSR and sustainability officers, compliance and risk managers, Sharia scholars and advisors, as well as entrepreneurs and familyâbusiness owners who seek to integrate faithâinformed ethics into corporate strategy and operations. It will also be valuable to students and researchers in Islamic finance, business ethics, and ESG, as well as multinational corporations operating in diverse cultural and regulatory environments that wish to align their practices with both global standards and Islamic principles.
May 21, 2026
English
43,403 words
3 hours 2 minutes
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