Islamic Perspectives on Profit Maximization

Abbas Ali (), A. Al-Aali and Abdullah Al-Owaihan ()

Journal of Business Ethics, 2013, vol. 117, issue 3, 467-475

Abstract: Ethical considerations, especially those religiously driven, play a significant role in shaping business conduct and priorities. Profit levels and earnings constitute an integral part of business considerations and are relevant and closely linked to prevailing ethics. In this paper, Islamic prescriptions on profit maximization are introduced. Islamic business ethics are outlined as well. It is suggested that while Islamic teaching treats profits as reward for engaging in vital activities necessary for serving societal interests, profit maximization is not sanctioned and therefore should not be the goal of ethically guided business ventures. Copyright Springer Science+Business Media Dordrecht 2013

Keywords: Profit maximization; Islamic ethics; Islamic perspectives; Business ethics; Islamic logic; Stakeholder theory (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (9)

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DOI: 10.1007/s10551-012-1530-0

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