Record Details

Ethics of Investment and the Social Responsibilities of the Islamic Banks

Sinapsis

View Archive Info
 
 
Field Value
 
Title Ethics of Investment and the Social Responsibilities of the Islamic Banks
 
Creator Mounira, ARAB
Gabanni, Abdul
 
Description While ethics and financial investments seem to be mutually exclusive, ethics have recently become an important issue in the financial field. There is an increased emphasis on the role of faith and religious beliefs on ethical business practices for some investors who not only seek profits through their investments but they also require the achievement of a moral duty beside the quest of wealth accumulation.Since investors become more aware of the benefits of Ethics and socially responsible investment, the interest in Islamic investing and ethically based banking is also increasing.Among the most important objectives of the Islamic finance in general and particularly the Islamic banks, is the establishment of justice and elimination of exploitation in business transaction. This can be done by the prohibition in of all sources of illegal “unjustified†enrichment and the prohibition of dealing in transactions that contain excessive risk or speculation. The paper seeks to explain that the Islamic bank services represent an example of ethically and socially responsible investment.
 
Publisher The International Institute for Science, Technology and Education (IISTE)
 
Date 2011-06-03
 
Type info:eu-repo/semantics/article
Peer-reviewed Article
info:eu-repo/semantics/publishedVersion
 
Identifier https://iiste.org/Journals/index.php/EJBM/article/view/2
 
Source European Journal of Business and Management; Vol 1, No 1 (2009)
 
Rights Submission of an article implies that the work described has not been published previously (except in the form of an abstract or as part of a published lecture or academic thesis), that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, in English or in any other language, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication. Copyrights for articles published are retained by the authors, with first publication rights granted to the journal. The journal/publisher is not responsible for subsequent uses of the work. It is the author's responsibility to bring an infringement action if so desired by the author.