Initiating the Concept of Ihsan into Shari'ah's Corporate Social Responsibility
Journal Title: GATR Accounting and Finance Review - Year 2016, Vol 1, Issue 1
Abstract
Objective - The objective of this study is to propose the implementation of the concept of ihsan intoa company's Shari'ah Corporate Social Responsibility (CSR). Methodology/Technique - Ihsan, as a concept in Islam, can be assessed from several approaches i.e., normative approach, theoretical approach, and empirical approach. A Company's CSR activities aim to provide welfare to stakeholders but many theories propose different points of view. The entity theory argues that stakeholders are the shareholders only while the enterprise theory holds a broader view suggesting that stakeholder are not only the shareholders but that other stakeholders are involved. Meanwhile, the Shari'ah's enterprise theory states that stakeholders include God, human, and nature. The difference existing among these theories motivate every company to implement the CSR activities based on the concept of ihsan. Findings - Results of this study show that the implementation of the concept of ihsaninto the Shari'ah's CSR could provide the Shari'ah added value. Novelty - This study contends thatthe CSR is not only to improve the reputation of the company but also to worship God via the concept of ihsan.
Authors and Affiliations
Ririn Irmadariyani, Isti Fadah, Diana Sulianti K. Tobing, Siti Maria Wardayati
Keywords
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