Islamic perspectives on profit maximization
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 …
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 …
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.
Springer
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