The Loss in Meaning: Influence of Strategy Language and Modern Financial Discourse on the Working Concepts in Islamic Banking and Finance

Javaid, O., Mahmood, N., & Shamsi, A. (2018). The loss in meaning: Influence of strategy language and modern financial discourse on the working concepts in Islamic banking and finance. Pakistan Business Review, 20(2), 438-448.

11 Pages Posted: 26 Sep 2020

See all articles by Omar Javaid

Omar Javaid

Institute of Business Management

Noman Mahmood

Institute of Business Management (IoBM)

Date Written: July 30, 2018

Abstract

This paper employs Wittgenstein language-games to analyze strategy language used by leaders of Islamic finance industry to envision its future. The analysis infers that the explicit market orientation of strategy language and modern knowledge of finance has redefined various concepts related of Islamic finance at the cost of its original spirit. This may also have adverse effects on developing ethical and spiritual orientation of Islamic banks. The concerned academia and scholarship therefore need to review such trends and work to prevent the subsequent degradation in the public image of IFIs to avoid disappointments of religiously inspired customers.

Keywords: Islamic Finance Discourse, Strategy Discourse, Language Games, Strategic Intent, Productive Misunderstanding, Ethical and Social Responsibility

JEL Classification: G1

Suggested Citation

Javaid, Omar and Mahmood, Noman, The Loss in Meaning: Influence of Strategy Language and Modern Financial Discourse on the Working Concepts in Islamic Banking and Finance (July 30, 2018). Javaid, O., Mahmood, N., & Shamsi, A. (2018). The loss in meaning: Influence of strategy language and modern financial discourse on the working concepts in Islamic banking and finance. Pakistan Business Review, 20(2), 438-448., Available at SSRN: https://ssrn.com/abstract=3671321

Omar Javaid

Institute of Business Management ( email )

Karachi
Pakistan

Noman Mahmood (Contact Author)

Institute of Business Management (IoBM) ( email )

Plot # 84
Korangi Creek
Karachi, Sindh 75190
Pakistan

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

Paper statistics

Downloads
8
Abstract Views
114
PlumX Metrics