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Conceptualizing a unified normative framework for social responsibility in Islamic Economics

Recent trends have shown an increasing prominence of social responsibility issues in the literature of Islamic economics and finance. Despite this development, the justifications of responsibility issues and commitment are often argued from a number of different positions. This paper expounds three...

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Main Author: Barom, Mohd Nizam
Format: Article
Language:English
English
Published: Kulliyyah of Economics and Management Sciences, International Islamic University Malaysia 2018
Subjects:
HB126.4 Islamic Economics
Online Access:http://irep.iium.edu.my/69269/1/69269_Conceptualizing%20a%20unified%20normative.pdf
http://irep.iium.edu.my/69269/7/69269_Conceptualizing%20a%20unified%20normative%20framework_WOS.pdf
http://irep.iium.edu.my/69269/
http://journals.iium.edu.my/enmjournal/index.php/enmj/article/view/615/297
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spelling my.iium.irep.692692019-01-25T03:33:48Z http://irep.iium.edu.my/69269/ Conceptualizing a unified normative framework for social responsibility in Islamic Economics Barom, Mohd Nizam HB126.4 Islamic Economics Recent trends have shown an increasing prominence of social responsibility issues in the literature of Islamic economics and finance. Despite this development, the justifications of responsibility issues and commitment are often argued from a number of different positions. This paper expounds three major routes to normative justification of social responsibility; the objectives of Sharī‘ah (Maqāṣid al-Sharī‘ah), principles of Islamic moral economy (axioms of justice and beneficence), and micro-foundational assumptions (characteristics of homo Islamicus and the notion of falāḥ). Despite the differences in perspectives, notable consistencies can be observed rendering a plausible synthesis of these foundations in providing a unified normative framework of social responsibility issues and commitment for economic agents in an Islamic economy. While social responsibility is argued to be a critical component in facilitating socio-economic justice and overall human well-being in society, its ability to facilitate spiritual development remains the central consideration in the vision of human development and well-being in Islam. Kulliyyah of Economics and Management Sciences, International Islamic University Malaysia 2018 Article PeerReviewed application/pdf en http://irep.iium.edu.my/69269/1/69269_Conceptualizing%20a%20unified%20normative.pdf application/pdf en http://irep.iium.edu.my/69269/7/69269_Conceptualizing%20a%20unified%20normative%20framework_WOS.pdf Barom, Mohd Nizam (2018) Conceptualizing a unified normative framework for social responsibility in Islamic Economics. International Journal of Economics, Management and Accounting, 26 (2). pp. 329-363. http://journals.iium.edu.my/enmjournal/index.php/enmj/article/view/615/297
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
English
topic HB126.4 Islamic Economics
spellingShingle HB126.4 Islamic Economics
Barom, Mohd Nizam
Conceptualizing a unified normative framework for social responsibility in Islamic Economics
description Recent trends have shown an increasing prominence of social responsibility issues in the literature of Islamic economics and finance. Despite this development, the justifications of responsibility issues and commitment are often argued from a number of different positions. This paper expounds three major routes to normative justification of social responsibility; the objectives of Sharī‘ah (Maqāṣid al-Sharī‘ah), principles of Islamic moral economy (axioms of justice and beneficence), and micro-foundational assumptions (characteristics of homo Islamicus and the notion of falāḥ). Despite the differences in perspectives, notable consistencies can be observed rendering a plausible synthesis of these foundations in providing a unified normative framework of social responsibility issues and commitment for economic agents in an Islamic economy. While social responsibility is argued to be a critical component in facilitating socio-economic justice and overall human well-being in society, its ability to facilitate spiritual development remains the central consideration in the vision of human development and well-being in Islam.
format Article
author Barom, Mohd Nizam
author_facet Barom, Mohd Nizam
author_sort Barom, Mohd Nizam
title Conceptualizing a unified normative framework for social responsibility in Islamic Economics
title_short Conceptualizing a unified normative framework for social responsibility in Islamic Economics
title_full Conceptualizing a unified normative framework for social responsibility in Islamic Economics
title_fullStr Conceptualizing a unified normative framework for social responsibility in Islamic Economics
title_full_unstemmed Conceptualizing a unified normative framework for social responsibility in Islamic Economics
title_sort conceptualizing a unified normative framework for social responsibility in islamic economics
publisher Kulliyyah of Economics and Management Sciences, International Islamic University Malaysia
publishDate 2018
url http://irep.iium.edu.my/69269/1/69269_Conceptualizing%20a%20unified%20normative.pdf
http://irep.iium.edu.my/69269/7/69269_Conceptualizing%20a%20unified%20normative%20framework_WOS.pdf
http://irep.iium.edu.my/69269/
http://journals.iium.edu.my/enmjournal/index.php/enmj/article/view/615/297
_version_ 1643618879797198848
score 13.211869

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