Islamic Ethics and Corporate Social Responsibility

The core principles of Islamic corporate social responsibility (CSR) are derived from al-Qur'ān and Sunnah, while the major foundations of Islamic CSR principles are unity, viceregency and trusteeship, justice and equilibrium, and rights and responsibilities. Man is a vicegerent (khalifah) or representative of Allah on Earth and trustee of resources provided by Allah (SWT). As a khalifah or leader in organisation, they have greater responsibility to utilise all these given things and facilities by Allah to the best of their abilities to create maximum added value to the organisation itself and to the whole community. The purpose of this chapter is to explore how Islamic ethics and corporate social responsibility (CSR) are two compatible concepts.