Volume 14 No. 1, June 2015
ARTICLE INFO
Article History:
Received: 19 November 2014
Accepted: 23 April 2015
Published: 30 June 2015
MANAGEMENT AND ACCOUNTING REVIEW, VOLUME 14 NO. 1, JUNE 2015
Corporate Governance in Islam Vis-A-Vis the Modern Corporate World
M. M. Sulphey
TKM Institute of Management,
Kerala, India
TKM Institute of Management,
Kerala, India
ABSTRACT
The concept of corporate governance (CG) has gained critical interest and has become a debating point since the mid-1980s. It became an aspect of concern when the corporate world became aware of the importance of protecting the rights of all stakeholders. Islam calls for an effective combination of the rules pertaining to Tawhid and Shari’ah in the day-to-day life of Muslims in general and in business in particular. This study presents a basic understanding of Islamic CG and compares the Islamic concept of CG vis-à-vis the Organization for Economic Cooperation and Development principles.
Keywords: Corporate governance, Islamic corporate governance, Shura, hisab
Keywords: Corporate governance, Islamic corporate governance, Shura, hisab