Corporate Social Responsibility within Islamic prospectives Literature review

Corporate Social Responsibility within Islamic prospectives - Literature review Example The values and the principles which have been in place since the time of Prophet Mohammed serve as the CSR foundation in Islam. Islam fundamentals are not subject to change. They include aqidah, referring to belief and faith, ibadah, which means worship and akhlaq, which refers to morality and ethics. In secondary fields such as economics, business and other activities the manifestation of these fundamentals will need flexibility and development in accordance with the time and space. Hence, in Islam the idea of CSR is always subject to change depending on the various needs of the community and the society. According to Islam human represents God and that the whole creation was formed by God. Human being God’s representative therefore, has a great obligation to look after the creation of God. The CSR concept In Islam covers an extensive meaning, in that it embraces God consciousness dimension which is referred to as the taqwa. In all situations, group of individuals takes up di fferent roles and responsibilities as servants. According to Hassan (2002), values of truthfulness, fairness, kindness, uprightness instead of envy and discrimination inspires the relationship with God. This normally manifested naturally in various activities in business and even in the relationship with all the stakeholders.