The roles of business firms in protecting natural environment: an Islamic perspective

This paper argues that business firms have fiduciary duties, roles and responsibilities to provide protection to the natural environment as a mean to achiave business sustainability. However, the conventional business argues that the only obligation is to maximize profit within the legitimate means....

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Main Authors: Mhd. Sarif, Suhaimi, Ismail, Yusof
Format: Conference or Workshop Item
Language:English
English
English
Published: 2014
Subjects:
Online Access:http://irep.iium.edu.my/41456/
http://irep.iium.edu.my/41456/
http://irep.iium.edu.my/41456/1/ProsidingNationalConferenceEthicsUKM_SuhaimiYusof.pdf
http://irep.iium.edu.my/41456/2/Program_Persidangan_Etika_Kepenggunaan_2014.pdf
http://irep.iium.edu.my/41456/3/Surat_Penerimaan_Abstrak_dan_Kertas_Kerja_UKM.pdf
id iium-41456
recordtype eprints
spelling iium-414562018-05-23T05:57:04Z http://irep.iium.edu.my/41456/ The roles of business firms in protecting natural environment: an Islamic perspective Mhd. Sarif, Suhaimi Ismail, Yusof HF5387 Business ethics This paper argues that business firms have fiduciary duties, roles and responsibilities to provide protection to the natural environment as a mean to achiave business sustainability. However, the conventional business argues that the only obligation is to maximize profit within the legitimate means. The study uses an Islamic perspective in managing business, the natural environment and sustainability based on the framework of Islamic Jurisprudence of the environment (Fiqh al-Bi’ah fi al-Islam) by Mustafa Abu-Sway, particularly the relationship between human beings and the environment (vicegerency, subjection, and inhabitation). The study used note taking approach in the personal interview with 20 respondents, which comprised five (5) policy makers, 10 business leaders, and 5 community leaders in Malaysia and Thailand. The results of the study showed insignificant difference despite different geographical and political administration between Thailand and Malaysia. Policy makers from both countries were convinced that business sectors should include the natural environmental protection agenda into the business policies as part of the corporate social responsibility. The community leaders from both countries concurred with the policy makers that the business sectors should be more proactive in protecting the natural environment despite the ultimate business responsibility. Nevertheless, business sectors disagreed to burden the business solely with the responsibility to protect the natural environment as the duty to protect the natural environment is collective duties and responsibilities. The feedback from the informants suggest that policy makers, community leaders and business owners should revisit two duties and responsibilities from Islamic perspective to protect the natural environment and business sustainability, namely “subjection” and “inhabitation.” However, the results are not generalizable due to inadequate insights about the duties and responsibilities to protect the natural environment and to gain sustainability in business from Islamic perspective. 2014-12-04 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/41456/1/ProsidingNationalConferenceEthicsUKM_SuhaimiYusof.pdf application/pdf en http://irep.iium.edu.my/41456/2/Program_Persidangan_Etika_Kepenggunaan_2014.pdf application/pdf en http://irep.iium.edu.my/41456/3/Surat_Penerimaan_Abstrak_dan_Kertas_Kerja_UKM.pdf Mhd. Sarif, Suhaimi and Ismail, Yusof (2014) The roles of business firms in protecting natural environment: an Islamic perspective. In: National Conference on Consumption Ethics, 4th-5th December 2014, UKM Bangi Selangor. http://www.ukm.my/hadhari/
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
English
English
topic HF5387 Business ethics
spellingShingle HF5387 Business ethics
Mhd. Sarif, Suhaimi
Ismail, Yusof
The roles of business firms in protecting natural environment: an Islamic perspective
description This paper argues that business firms have fiduciary duties, roles and responsibilities to provide protection to the natural environment as a mean to achiave business sustainability. However, the conventional business argues that the only obligation is to maximize profit within the legitimate means. The study uses an Islamic perspective in managing business, the natural environment and sustainability based on the framework of Islamic Jurisprudence of the environment (Fiqh al-Bi’ah fi al-Islam) by Mustafa Abu-Sway, particularly the relationship between human beings and the environment (vicegerency, subjection, and inhabitation). The study used note taking approach in the personal interview with 20 respondents, which comprised five (5) policy makers, 10 business leaders, and 5 community leaders in Malaysia and Thailand. The results of the study showed insignificant difference despite different geographical and political administration between Thailand and Malaysia. Policy makers from both countries were convinced that business sectors should include the natural environmental protection agenda into the business policies as part of the corporate social responsibility. The community leaders from both countries concurred with the policy makers that the business sectors should be more proactive in protecting the natural environment despite the ultimate business responsibility. Nevertheless, business sectors disagreed to burden the business solely with the responsibility to protect the natural environment as the duty to protect the natural environment is collective duties and responsibilities. The feedback from the informants suggest that policy makers, community leaders and business owners should revisit two duties and responsibilities from Islamic perspective to protect the natural environment and business sustainability, namely “subjection” and “inhabitation.” However, the results are not generalizable due to inadequate insights about the duties and responsibilities to protect the natural environment and to gain sustainability in business from Islamic perspective.
format Conference or Workshop Item
author Mhd. Sarif, Suhaimi
Ismail, Yusof
author_facet Mhd. Sarif, Suhaimi
Ismail, Yusof
author_sort Mhd. Sarif, Suhaimi
title The roles of business firms in protecting natural environment: an Islamic perspective
title_short The roles of business firms in protecting natural environment: an Islamic perspective
title_full The roles of business firms in protecting natural environment: an Islamic perspective
title_fullStr The roles of business firms in protecting natural environment: an Islamic perspective
title_full_unstemmed The roles of business firms in protecting natural environment: an Islamic perspective
title_sort roles of business firms in protecting natural environment: an islamic perspective
publishDate 2014
url http://irep.iium.edu.my/41456/
http://irep.iium.edu.my/41456/
http://irep.iium.edu.my/41456/1/ProsidingNationalConferenceEthicsUKM_SuhaimiYusof.pdf
http://irep.iium.edu.my/41456/2/Program_Persidangan_Etika_Kepenggunaan_2014.pdf
http://irep.iium.edu.my/41456/3/Surat_Penerimaan_Abstrak_dan_Kertas_Kerja_UKM.pdf
first_indexed 2023-09-18T20:59:22Z
last_indexed 2023-09-18T20:59:22Z
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