Employer Branding: an Islamic Perspective

This paper discusses employer branding from an Islamic perspective. Islam is away of life and so do the employer and employee relationship, which strengthensemployer branding in an organization. The definition, importance and processrelated to employer branding are discussed in the context of human resource management, such as job satisfaction and work environment. In addition to that, related human resource management practices such as recruitment andselection were discussed in an Islamic context. Related concepts such as employeevalue proposition (EVP), ethics and Islamic values were discussed with referencefrom Al-Quran and Hadith. The paper concludes with a few suggestions andrecommendations on instilling Islamic values for effective employer branding

Ethics in Islamic Economics

The purpose of this contribution is to shed some light on the inter-relationships between ethics and economics in Islamic religion, and mainly to assert that ethics constitute endogenous phenomena in Islamic economics. In Islam, economic behaviours and transactions cannot be separated from ethics and values. The Islamic principles are intended to govern, direct and control human beings’ behaviours in their daily economic lives. They are aimed at helping people to distinguish between good and bad things while they do any economic activity. It is worth noting that the moral values in Islamic economics are derived from the main sources of Islam namely: the Quran (the holy book of Islamic religion) and Sunnah (the teachings and behaviours of the prophet of Islam: Muhammad PBUH 570-632 AD). Both of them represent the principal pillars of Shariah (Islamic laws and guidelines), which is seen by Muslims as the proper way to happiness, not only in economic life but in all aspects of life

Islamic Values Islamic Bank Underlying Performance Assessment

The objective of the study is to identify the underlying Islamic values to formulate the performance assessment underlying concept of Islamic banking. This study uses Islam as research paradigm and Islam phenomenology as research method. Analysis units in Islam phenomenological method are awareness informant, noema and noesis, reflection, intersubjectivity between subjects who are experienced and knowledgeable. Data used were interviews, observation, and documentation. This study found four values that can be used as a basis to formulate performance evaluation concept of Islamic banking, namely: ibadah (worship), muamalah (Moslem business interaction), amanah (trust), and ihsan (benevolent). Based on these four values, Islamic banks goal is to create winning (Falah) for all stakeholders, both in this world life and hereafter. Keywords: Islamic Banks Performance, Islamic phenomenology, worship, Moslem business interaction, trust, and benevolent

An Ideal Islamic Economic System: A Gone Case

Islamic finance industry mostly uses LIBOR linked financial contracts which are akin to debt financing than the more preferable participatory modes of Mudarabah and Musharakah. As per the current orthodox understanding and practice of Islamic finance, the often cited preferable modes like Mudarabah and Musharakah are incapable even in a simple model economy with them as the only mode of financing. Hence, they are rarely used. The prevalent Islamic products which are linked with LIBOR are and will predominantly be used and practiced Islamic finance may remain incapable of providing egalitarian benefits it once promised. Ironically, Islamic values like justice, equality, truth, trust, kindness, honesty and responsibility are often discussed in literature and seminars on Islamic Economics; whereas, in reality, the lack of these values in practice is the major reason why preferable participatory modes remain unusable! As discussed, the current orthodox understanding of Islamic fiscal redistribution mechanisms like Zakat and Inheritance also make them incapable of contributing towards the establishment of an egalitarian economic framework. This paper proposes an alternate approach to practiced Islamic finance and orthodox understanding of Zakat and inheritance laws and shows that the alternate approach could still be sufficient to contribute towards egalitarian objectives effectively.Islamic Finance, Islamic Economics, Welfare Economics, Experimental Economics, Heterodox Economics, Zakat, Fiscal Redistribution

Islam and socially responsible business conduct: An empirical research among Dutch entrepreneurs

This paper explores the relationship between the Islamic religion and the level of socially responsible business conduct (SRBC) of Islamic entrepreneurs. We find that the common idea of SRBC corresponds with the view of business in the Islam, although there are also some notable differences. We also find that Muslim entrepreneurs attach a higher weight to specific elements of SRBC than non- Muslims. But, on the other hand, we find that Muslims are less involved with applying SRBC in practice than non-Muslim managers. Furthermore, values and norms derived from the Islamic religion motivate entrepreneurs to contribute more to SRBC and lead to a higher commitment to specific aspects of SRBC compared to individually developed values and norms. Finally, the view of human nature of the Islam, preaching the natural goodness of man as a social being, leads to a positive view of SRBC

Disclosure of Islamic Values and Their Impact on Third-Party Funds and Islamic Bank Financing

This study investigates how the disclosure of Islamic values may contribute to third-party funds and financing in Islamic-compliant banks. This study employs a sample of 12 Islamic commercial banks in Indonesia with panel data from 2015 to 2020. Weights, based on expert assessments to determine the level of Islamic values, present as the academic contribution of this research. The finding reports that exposure to Islamic values negatively and significantly impacts financing. Third-party funds provide an indirect positive relationship between the disclosure of Islamic values and financing. These findings further consider the importance of implementing and disclosing Islamic values for investors.This study investigates how the disclosure of Islamic values may contribute to third-party funds and financing in Islamic-compliant banks. This study employs a sample of 12 Islamic commercial banks in Indonesia with panel data from 2015 to 2020. Weights, based on expert assessments to determine the level of Islamic values, present as the academic contribution of this research. The finding reports that exposure to Islamic values negatively and significantly impacts financing. Third-party funds provide an indirect positive relationship between the disclosure of Islamic values and financing. These findings further consider the importance of implementing and disclosing Islamic values for investors

The Implementation of Islamic Values in Improving the Quality of Employee Performance in Workplace

The purpose of this study is to analyze the role of Islamic values in improving the quality of employee performance. The total of 138 questionnaires was distributed to the employee of Muslim restaurants in East Java, Indonesia. The data is analyzed by using Smart-PLS and Sobel. The results show that Islamic values are proven to increase the employee satisfaction and performance. The business implication of this study is management need to ensure that the employees are actively involved in the application of moral and Islamic values in their workplace with the support of the leader. Islamic values in this case are Islamic work ethics, Islamic leadership and Islamic job satisfaction.     Keywords: Islamic values, Islamic leadership, Islamic work ethics, Islamic job satisfaction, Islamic employee performanc