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The important roles of Islamic business ethics towards housing project performance in Malaysia

Efforts have been taken seriously by the government as one of the national agendas to provide affordable own house for every Malaysian in this country (Budget 2014), nevertheless there are some obstacles that interfere with the government to realize that goal.That barrier is the negative and bad pra...

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Main Authors: Azmin, Adi Anuar, Abu Bakar, Azizi, Abdul Ghani, Abdullah
Format: Conference or Workshop Item
Language:English
Published: Academy for Global Business Advancement (AGBA) 2015
Subjects:
BP Islam. Bahaism. Theosophy, etc
TH Building construction
Online Access:http://repo.uum.edu.my/19443/1/AGBA12%202015%20673-680.pdf
http://repo.uum.edu.my/19443/
http://www.agba.us/pdf/2015-AGBA-Malaysia-Conference-Proceedings.pdf
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spelling my.uum.repo.194432016-11-14T06:54:39Z http://repo.uum.edu.my/19443/ The important roles of Islamic business ethics towards housing project performance in Malaysia Azmin, Adi Anuar Abu Bakar, Azizi Abdul Ghani, Abdullah BP Islam. Bahaism. Theosophy, etc TH Building construction Efforts have been taken seriously by the government as one of the national agendas to provide affordable own house for every Malaysian in this country (Budget 2014), nevertheless there are some obstacles that interfere with the government to realize that goal.That barrier is the negative and bad practices of business ethic attitudes among developers during the implementation of the housing project are often featured in the media.The attitude of business ethic developers was motivated and influenced by ethical attitudes conducted by all stakeholders in the housing projects.Brenner and Molander, (1977), Moore, (1999) and Wiley, (1995) posit that, developers with the practice of good business ethic attitudes, will enhance and upgrade the housing project performance.If the unethical business practices continue to be practiced by developers, it will affect the cost to business organizations (McMahon and Harvey, (2007) and Trevino & Victor, (1992), spirit of work motivation of employees (Beu and Buckley, (2001), Karpoff, Lee and Martin, (2008) and self government and the community on the implementation of housing projects undertaken (Jones and Kavanagh, (1996), McMahon and Harvey(1996). Despite the positive growth of housing projects, there are things that many overlook.Previous research has proven the performance issues of housing projects that often burden the purchaser. For example, buyers not only have to bear the financial burden from the bank, but there are also plagued with frustration due to failure processing the dreamt home.The Ministry of Housing and Local Government (KPKT) has received complaints about housing project that was especially abandoned projects that affect the buyer in terms of the financial burden, including the repayment of loan installments and rental payments occupied home buyers.In addition, home buyers are more likely to be blacklisted by the financiers of the financial institutions, if they fail to settle outstanding debts and this will cause in difficulties of obtaining next loan facilities.(Abu Bakar, 2009). Academy for Global Business Advancement (AGBA) 2015 Conference or Workshop Item PeerReviewed application/pdf en http://repo.uum.edu.my/19443/1/AGBA12%202015%20673-680.pdf Azmin, Adi Anuar and Abu Bakar, Azizi and Abdul Ghani, Abdullah (2015) The important roles of Islamic business ethics towards housing project performance in Malaysia. In: AGBA's 12th Annual World Congress, November 16 --19, 2015, University of Malaysia Pahang, Kuala Lumpur Campus, Malaysia. http://www.agba.us/pdf/2015-AGBA-Malaysia-Conference-Proceedings.pdf
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutionali Repository
url_provider http://repo.uum.edu.my/
language English
topic BP Islam. Bahaism. Theosophy, etc
TH Building construction
spellingShingle BP Islam. Bahaism. Theosophy, etc
TH Building construction
Azmin, Adi Anuar
Abu Bakar, Azizi
Abdul Ghani, Abdullah
The important roles of Islamic business ethics towards housing project performance in Malaysia
description Efforts have been taken seriously by the government as one of the national agendas to provide affordable own house for every Malaysian in this country (Budget 2014), nevertheless there are some obstacles that interfere with the government to realize that goal.That barrier is the negative and bad practices of business ethic attitudes among developers during the implementation of the housing project are often featured in the media.The attitude of business ethic developers was motivated and influenced by ethical attitudes conducted by all stakeholders in the housing projects.Brenner and Molander, (1977), Moore, (1999) and Wiley, (1995) posit that, developers with the practice of good business ethic attitudes, will enhance and upgrade the housing project performance.If the unethical business practices continue to be practiced by developers, it will affect the cost to business organizations (McMahon and Harvey, (2007) and Trevino & Victor, (1992), spirit of work motivation of employees (Beu and Buckley, (2001), Karpoff, Lee and Martin, (2008) and self government and the community on the implementation of housing projects undertaken (Jones and Kavanagh, (1996), McMahon and Harvey(1996). Despite the positive growth of housing projects, there are things that many overlook.Previous research has proven the performance issues of housing projects that often burden the purchaser. For example, buyers not only have to bear the financial burden from the bank, but there are also plagued with frustration due to failure processing the dreamt home.The Ministry of Housing and Local Government (KPKT) has received complaints about housing project that was especially abandoned projects that affect the buyer in terms of the financial burden, including the repayment of loan installments and rental payments occupied home buyers.In addition, home buyers are more likely to be blacklisted by the financiers of the financial institutions, if they fail to settle outstanding debts and this will cause in difficulties of obtaining next loan facilities.(Abu Bakar, 2009).
format Conference or Workshop Item
author Azmin, Adi Anuar
Abu Bakar, Azizi
Abdul Ghani, Abdullah
author_facet Azmin, Adi Anuar
Abu Bakar, Azizi
Abdul Ghani, Abdullah
author_sort Azmin, Adi Anuar
title The important roles of Islamic business ethics towards housing project performance in Malaysia
title_short The important roles of Islamic business ethics towards housing project performance in Malaysia
title_full The important roles of Islamic business ethics towards housing project performance in Malaysia
title_fullStr The important roles of Islamic business ethics towards housing project performance in Malaysia
title_full_unstemmed The important roles of Islamic business ethics towards housing project performance in Malaysia
title_sort important roles of islamic business ethics towards housing project performance in malaysia
publisher Academy for Global Business Advancement (AGBA)
publishDate 2015
url http://repo.uum.edu.my/19443/1/AGBA12%202015%20673-680.pdf
http://repo.uum.edu.my/19443/
http://www.agba.us/pdf/2015-AGBA-Malaysia-Conference-Proceedings.pdf
_version_ 1644282704056811520
score 13.211869

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