Corporate social responsibility to employees

Considering common law vis-à-vis islamic law principles

Research output: Contribution to journalArticle

4 Citations (Scopus)

Abstract

Corporate Social Responsibility (CSR) is a Western concept. It basically advocates that the corporation, a juridical person, has a great impact on modern society, whereby it engages itself in economic activities, makes profits and contributes to national economy by paying taxes, employing human persons, and meeting people's needs by producing products and providing services. On top of everything, however, its prime objective is to earn profits for the shareholders. Scholars argue that along with this objective, the corporation owes responsibilities to other stakeholders, such as the creditors, employees, consumers, environment and the community as a whole. In other words, profits should not be its sole target; it should take care of the interests of other stakeholders. Islamic scholars have found the concept coincides well with Shari'ah in general, as it holds some reservations with respect to particular issues. This paper considers CSR owed to employees from a comparative view point, i.e. common law versus Islamic law.

Original languageEnglish
Pages (from-to)87-100
Number of pages14
JournalPertanika Journal of Social Science and Humanities
Volume20
Issue numberSPEC. ISS.
Publication statusPublished - Jun 2012

Fingerprint

social responsibility
common law
profit
employee
Law
corporation
stakeholder
creditor
human being
shareholder
national economy
taxes
responsibility
community
economics
Employees
Common Law
Islamic Law
Corporate Social Responsibility
Profit

Keywords

  • And Maslahah (public interest)
  • Corporate personality
  • Corporate social responsibility
  • CSR
  • Employers' obligations
  • Islamic law

ASJC Scopus subject areas

  • Arts and Humanities(all)
  • Business, Management and Accounting(all)
  • Economics, Econometrics and Finance(all)
  • Social Sciences(all)

Cite this

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abstract = "Corporate Social Responsibility (CSR) is a Western concept. It basically advocates that the corporation, a juridical person, has a great impact on modern society, whereby it engages itself in economic activities, makes profits and contributes to national economy by paying taxes, employing human persons, and meeting people's needs by producing products and providing services. On top of everything, however, its prime objective is to earn profits for the shareholders. Scholars argue that along with this objective, the corporation owes responsibilities to other stakeholders, such as the creditors, employees, consumers, environment and the community as a whole. In other words, profits should not be its sole target; it should take care of the interests of other stakeholders. Islamic scholars have found the concept coincides well with Shari'ah in general, as it holds some reservations with respect to particular issues. This paper considers CSR owed to employees from a comparative view point, i.e. common law versus Islamic law.",
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