UDK 336.71:28
Author
Velid Efendić i Fikret Hadžić
Summary
Social responsibility and socially responsible business have become more important lately. Developed countries with special regulations require their companies to be socially responsibility in their businesses. Social responsibility and ethical business are also characters of the Islamic economy and finance. The aim of this paper is to analyze corporate social responsibility in the context of the principles of Islamic economy and finance. Research findings have shown that the principles of Islamic economy and finance are compatible with conventional principles of social responsibility. In addition, they include additional ethical principles that should result in the moral economic development of the society. Finally, our findings reveal the need for a wider social community to get to know more on corporate social responsibility and that it is important to promote the principles of social responsibility as an integral part of the basic business principles of each entrepreneurial activity.
Key words
Social Corporate Responsibility, Islamic Economy and Finance, Ethical Business
URL: https://www.ibn-sina.net/en/social-responsibility-in-the-context-of-the-principles-of-islamic-economy-and-finance/