The Role of Islamic Legitimacy Basis to Combat the Financial Corruption in Kuwait
Journal Title: The International Journal of Business Ethics and Governance - Year 2020, Vol 3, Issue 2
Abstract
The study aims to identify the role of Islamic Sharia to alleviate the problem of financial corruption in Kuwait. The researchers rely on the descriptive method. An extensive literature review was performed with regards to the legitimate ways to combat the financial corruption. The study has conducted interviews with Kuwaiti religious officials who have a long experience in the field of financial corruption. Results indicate that the role of Islamic Sharia is almost absent due to the lack of religious officials’ intervention. Their role in the field of combating financial corruption should be activated and not only restricted to media. This fact had increased the level of the financial corruption according to the annual financial corruption index. The study conveys important remarks. Kuwaiti official ministries and related organizations should embrace Islamic Sharia and rely on the wisdom of religious officials. To combat financial corruption, governments should reinforce the application of Sharia law in Kuwait since it was completely ignored in the past.
Authors and Affiliations
Melfi Muhammed Al Azemi, Abdel Majeed Al Omari, Tawfeeq Al Omrani
Keywords
Related Articles
- EP ID EP692487
- DOI https://doi.org/10.51325/ijbeg.v3i2.29
- Views 170
- Downloads 0
Doctrine Values and Economic Advancement: A review of recent studies
Historically, economic development went through various stages of growth and advancement. Nowadays, and despite entering a modern phase of progress, problems such as poverty, social injustice and unemployment are not sol...
Public Governance and Economic Growth: Conceptual Framework
This paper aims to provide a theoretical review of the relationship between public governance and economic growth and establishes future research in this field. In this paper, we discuss six principles of public governan...
The Impact of Team Management on the Organizational Performance in Bahrain Government Sector
Bahrain government sector organizations have started to realize the significance of team management and how it can be managed effectively and efficiently to ensure enhancing the organization's performance. The use of tea...
The Ability of Financial Ratios to Predict the Index of Banking Sector in Amman Stock Exchange: An empirical study
The main objective of this study is to test the predictive power of the financial ratios (ownership ratio, liquidity ratio, debt ratio, stock turnover ratio, return on equity ratio, return on total assets ratio, and mark...
The Voluntary Disclosure of Companies Listed on Palestine Exchange and Its Effect on Stock Price
This study aims to measure the quality and the quantity of voluntary disclosure (VD) using a sample of 45 companies listed on Palestine Stock Exchange for the year 2014. It also examines the impact of VD on stock prices....