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

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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: 2012-10-19