Effects of Maqasid al-Shariah for ethical decision making among social entrepreneurs

An ethical decision manifests the protection and preservation of benefits and rights of business stakeholders. The mainstream practice is based on conventional ethical principles. The application of Maqasid al-Shariah is limited to Shariah compliant enterprises due to the industrial requirements or...

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Main Authors:	Mhd. Sarif, Suhaimi, Ismail, Yusof, Azan, Zaliza
Format:	Article
Language:	English
Published:	The World Academy of Islamic Management 2017
Subjects:	HF5387 Business ethics
Online Access:	http://irep.iium.edu.my/57131/ http://irep.iium.edu.my/57131/ http://irep.iium.edu.my/57131/1/jims-v1-n1-p1-p14_maqasidDECMake.pdf

id	iium-57131
recordtype	eprints
spelling	iium-571312017-05-31T05:10:05Z http://irep.iium.edu.my/57131/ Effects of Maqasid al-Shariah for ethical decision making among social entrepreneurs Mhd. Sarif, Suhaimi Ismail, Yusof Azan, Zaliza HF5387 Business ethics An ethical decision manifests the protection and preservation of benefits and rights of business stakeholders. The mainstream practice is based on conventional ethical principles. The application of Maqasid al-Shariah is limited to Shariah compliant enterprises due to the industrial requirements or the need to gain competitive advantage. The unique model of social enterprises combined for-profit and not-for-profit objectives. Such combination requires balancing between profit and social ends. The application of Maqasid al-Shariah is essential for ethical decision making. The study aims to explore the effects of Maqasid alShariah for ethical decision making among social entrepreneurs. The study covers important aspects of social enterprises, the use of guidelines, measurement on each decision, and wellbeing of stakeholders. Based on personal interview with social entrepreneurs, the application of Maqasid al-Shariah allows for the enhancement of wellness, welfare, and well-being of social enterprises and the key stakeholders. The results of the study suggest there is intermediate impact in terms of triple bottom line and stakeholders’ approach to ethical decision making of social entrepreneurs. The study suggests the use of case study method for future research. The World Academy of Islamic Management 2017 Article PeerReviewed application/pdf en http://irep.iium.edu.my/57131/1/jims-v1-n1-p1-p14_maqasidDECMake.pdf Mhd. Sarif, Suhaimi and Ismail, Yusof and Azan, Zaliza (2017) Effects of Maqasid al-Shariah for ethical decision making among social entrepreneurs. Journal of Islamic Management Studies, 1 (1). pp. 1-14. http://waim.my/jims/archives/vol-1-no-1-2017/
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HF5387 Business ethics
spellingShingle	HF5387 Business ethics Mhd. Sarif, Suhaimi Ismail, Yusof Azan, Zaliza Effects of Maqasid al-Shariah for ethical decision making among social entrepreneurs
description	An ethical decision manifests the protection and preservation of benefits and rights of business stakeholders. The mainstream practice is based on conventional ethical principles. The application of Maqasid al-Shariah is limited to Shariah compliant enterprises due to the industrial requirements or the need to gain competitive advantage. The unique model of social enterprises combined for-profit and not-for-profit objectives. Such combination requires balancing between profit and social ends. The application of Maqasid al-Shariah is essential for ethical decision making. The study aims to explore the effects of Maqasid alShariah for ethical decision making among social entrepreneurs. The study covers important aspects of social enterprises, the use of guidelines, measurement on each decision, and wellbeing of stakeholders. Based on personal interview with social entrepreneurs, the application of Maqasid al-Shariah allows for the enhancement of wellness, welfare, and well-being of social enterprises and the key stakeholders. The results of the study suggest there is intermediate impact in terms of triple bottom line and stakeholders’ approach to ethical decision making of social entrepreneurs. The study suggests the use of case study method for future research.
format	Article
author	Mhd. Sarif, Suhaimi Ismail, Yusof Azan, Zaliza
author_facet	Mhd. Sarif, Suhaimi Ismail, Yusof Azan, Zaliza
author_sort	Mhd. Sarif, Suhaimi
title	Effects of Maqasid al-Shariah for ethical decision making among social entrepreneurs
title_short	Effects of Maqasid al-Shariah for ethical decision making among social entrepreneurs
title_full	Effects of Maqasid al-Shariah for ethical decision making among social entrepreneurs
title_fullStr	Effects of Maqasid al-Shariah for ethical decision making among social entrepreneurs
title_full_unstemmed	Effects of Maqasid al-Shariah for ethical decision making among social entrepreneurs
title_sort	effects of maqasid al-shariah for ethical decision making among social entrepreneurs
publisher	The World Academy of Islamic Management
publishDate	2017
url	http://irep.iium.edu.my/57131/ http://irep.iium.edu.my/57131/ http://irep.iium.edu.my/57131/1/jims-v1-n1-p1-p14_maqasidDECMake.pdf
first_indexed	2023-09-18T21:20:42Z
last_indexed	2023-09-18T21:20:42Z
_version_	1777411861760704512

Effects of Maqasid al-Shariah for ethical decision making among social entrepreneurs

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