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Toward applied Islamic business ethics: responsible halal business

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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.

Keywords: Business ethics; Corporate governance; Corporate responsibility; Halal; Islam; Islamic ethics; Social responsibility

Document Type: Research Article

DOI: http://dx.doi.org/10.1108/02621711211281889

Publication date: October 19, 2012

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