Business Ethics in Islam: From Principles to Corporate Practice
MTA
Integrating maqasid al-sharia frameworks into modern organizational governance and CSR
2nd Edition
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 al‑Sharia—preserving faith, life, intellect, progeny, property, and dignity—are 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 Maqasid‑aligned 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. Sector‑specific case studies in finance, manufacturing, and technology illustrate real‑world applications, while chapters on public‑private collaboration and SDG alignment demonstrate how Islamic ethics can contribute to global development goals. Finally, it provides a phased implementation roadmap—assessment and foundation, integration and implementation, sustained performance and evolution—to help organizations move from aspiration to measurable, accountable ethical practice.
May 21, 2026
43,403 words
3 hours 2 minutes
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