The roles of business firms in the natural environment protection for business sustainability : 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 Author:	Mhd.Sarif, Suhaimi
Format:	Conference or Workshop Item
Language:	English English
Published:	2013
Subjects:	HF5387 Business ethics
Online Access:	http://irep.iium.edu.my/31691/ http://irep.iium.edu.my/31691/1/AAMC2013_TM_20_BusinessFirmsEnvironment_proceedings_pp732_740.pdf http://irep.iium.edu.my/31691/4/aamc_programme_schedule_2013.pdf

id	iium-31691
recordtype	eprints
spelling	iium-316912013-09-09T08:44:40Z http://irep.iium.edu.my/31691/ The roles of business firms in the natural environment protection for business sustainability : an Islamic perspective Mhd.Sarif, Suhaimi 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. 2013-08-23 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/31691/1/AAMC2013_TM_20_BusinessFirmsEnvironment_proceedings_pp732_740.pdf application/pdf en http://irep.iium.edu.my/31691/4/aamc_programme_schedule_2013.pdf Mhd.Sarif, Suhaimi (2013) The roles of business firms in the natural environment protection for business sustainability : an Islamic perspective. In: 10th Asian Academy of Management Conference 2013, 23-25 August 2013, Bayview Beach Resorts, Batu Feringgi, Penang.
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	HF5387 Business ethics
spellingShingle	HF5387 Business ethics Mhd.Sarif, Suhaimi The roles of business firms in the natural environment protection for business sustainability : 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
author_facet	Mhd.Sarif, Suhaimi
author_sort	Mhd.Sarif, Suhaimi
title	The roles of business firms in the natural environment protection for business sustainability : an Islamic perspective
title_short	The roles of business firms in the natural environment protection for business sustainability : an Islamic perspective
title_full	The roles of business firms in the natural environment protection for business sustainability : an Islamic perspective
title_fullStr	The roles of business firms in the natural environment protection for business sustainability : an Islamic perspective
title_full_unstemmed	The roles of business firms in the natural environment protection for business sustainability : an Islamic perspective
title_sort	roles of business firms in the natural environment protection for business sustainability : an islamic perspective
publishDate	2013
url	http://irep.iium.edu.my/31691/ http://irep.iium.edu.my/31691/1/AAMC2013_TM_20_BusinessFirmsEnvironment_proceedings_pp732_740.pdf http://irep.iium.edu.my/31691/4/aamc_programme_schedule_2013.pdf
first_indexed	2023-09-18T20:45:51Z
last_indexed	2023-09-18T20:45:51Z
_version_	1777409669088673792

The roles of business firms in the natural environment protection for business sustainability : an Islamic perspective

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