Toward applied Islamic business ethics: responsible halal business
Authors: Ismaeel, Muatasim; Blaim, Katharina
Source: The Journal of Management Development, Volume 31, Number 10, 2012 , pp. 1090-1100(11)
Publisher: Emerald Group Publishing Limited
Abstract:Purpose ‐ The purpose of this paper is to explore the opportunities of using halal regulation and certification as a mechanism for applying Islamic business ethics in contemporary world. Design/methodology/approach ‐ The current practices of halal regulation and certification and literature on Islamic ethics were reviewed, to identify a practical approach for Islamic business ethics. Findings ‐ Islam allows and accepts different levels of ethical commitment. A multi-level Islamic ethics framework and a multi-level halal certification approach are proposed to facilitate the implementation of Islamic business ethics in a relative context. Two major developments can enrich halal business practices: harmonization of global standards and governance structure, and integrating responsibility and ethical issues in halal standards. Practical implications ‐ The proposed framework and developments can enrich halal regulation and certification practice. Originality/value ‐ The paper emphasizes the importance of flexibility and adaptability in Islamic business ethics implementation, and proposes a new framework and approach to apply Islamic business ethics.
Document Type: Research Article
Publication date: October 19, 2012