Skip to main content

Spiritual capital: The co-evolution of an ethical framework based on Abrahamic religious values in the Islamic tradition

Buy Article:

$46.75 plus tax (Refund Policy)

Purpose ‐ The aim of this paper is to investigate how values from within Abrahamic religions could be adopted to improve liberal market economies' (LMEs') corporate governance business practices. Design/methodology/approach ‐ The concept of spiritual capitalism is explained from an Islamic perspective by adopting three universal Abrahamic values to critically analyse LMEs and offer an ethical alternative to current capitalism concerns. Findings ‐ It is found that LMEs can be improved by considering all stakeholders, putting ethics before economics, and introducing shared risk/reward plus lower debt. Originality/value ‐ The paper compares LMEs/Co-ordinated market economies (CMEs)/Islamic countries economies (ICEs) within an ethical framework for LMEs.
No Reference information available - sign in for access.
No Citation information available - sign in for access.
No Supplementary Data.
No Data/Media
No Metrics

Keywords: Abrahamic values; Corporate governance; Islam; Market economy; Religion; Spiritual capitalism; Stakeholders; Values

Document Type: Research Article

Publication date: 2012-10-19

  • Access Key
  • Free content
  • Partial Free content
  • New content
  • Open access content
  • Partial Open access content
  • Subscribed content
  • Partial Subscribed content
  • Free trial content
Cookie Policy
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more