Performance and Maqasid al-Shari’ah’s Pentagon-Shaped Ethical Measurement

Posted: 4 Aug 2014

See all articles by Houssem eddine Bedoui

Houssem eddine Bedoui

The Islamic Development Bank

Walid Mansour

University of Sousse

Date Written: July 16, 2014

Abstract

Business performance is traditionally viewed from the one-dimensional financial angle. This paper develops a new approach that links performance to the ethical vision of Islam based on maqasid al-shari’ah (i.e., the objectives of Islamic law). The approach involves a Pentagon-shaped performance scheme structure via five pillars, namely wealth, posterity, intellect, faith, and human self. Such a scheme ensures that any firm or organization can ethically contribute to the promotion of human welfare, prevent corruption, and enhance social and economic stability and not merely maximize its own performance in terms of its financial return. A quantitative measure of ethical performance is developed. It surprisingly shows that a firm or organization following only the financial aspect at the expense of the others performs poorly. This paper discusses further the practical instances of the quantitative measurement of the ethical aspects of the system taken at an aggregate level.

Keywords: Ethics; Performance; Ethical measurement; Maqasid al-shari’ah

Suggested Citation

BEDOUI, Houssem eddine and Mansour, Walid, Performance and Maqasid al-Shari’ah’s Pentagon-Shaped Ethical Measurement (July 16, 2014). Available at SSRN: https://ssrn.com/abstract=2467126

Houssem eddine BEDOUI (Contact Author)

The Islamic Development Bank ( email )

8111 King Khalid Street
Jeddah, 22332 2444
Saudi Arabia

HOME PAGE: http://www.isdb.org

Walid Mansour

University of Sousse ( email )

Sousse
Sousse, 5000
Tunisia

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Abstract Views
769
PlumX Metrics