Paradox of Faith: Is Islam a Hindrance to Business Success
Author: Mohd. Nazari Ismail
Publisher: Penerbit Universiti Malaya
Format: Soft cover
Islam's view towards economic and business activities is very positive. Numerous Quranic verses ad hadiths stress the importance for Muslims to be engaged in such activities. However, Muslim countries are the most economically backward. Not a single Muslim country has achieved the 'developed country' status. In addition, all large multinational corporations in the world are owned by non-Muslims. Why is this the case? Islam claims to be a religion of success. Followers of the Islamic faith are supposed to be the most 'successful' people in the world. Even the call to prayers has a phrase that call Muslims towards success. Is this a paradoxical situation?
The author tries to answer the question by examining the implications of the Islamic approach towards business. The implications of the Islamic approach towards business. The importance of the 'Hereafter' in Islamic teachings and its consequences for Muslim businessmen's attitudes towards his business activities are also examined. The key issue stressend in the need for Muslims to re-examine the concept of 'success' in Islam. Finally the author discusses the need to establish a 'genuinely' Islamic society.
Associate Professor Dr. Mohd Nazari Ismail is presently the Head of the Department of Business Policy and Strategy, Faculty Business and Accounting, University of Malaya. He obtained his B. Sc. Economics (Hon) from the University of Wale, MBA from the State University of New York at Buffalo, USA and Ph. D. from the Machester Business School, United Kingdom. He was the 1999 Fulbright Visiting Scholar at the University of Michigan, Ann Arbor, USA and was also formerly the Head of the Corporate Planning Department of the University of Malaya. He has consulted for a number of private and public sector organizations. Dr Nazari has also written another book entitled Transnational Corporations and Economic Development in addition to a number of articles which have appeared in journals including the Malaysian Management Review and the Malaysian Journal of Economic Studies.