Corporate Social Responsibility in Islam – Admir Cavalic

Admir Cavalic from Bosnia spoke about an Islamic understanding of Corporate Social Responsibility. His paper argues that CSR is not contrary to liberal principles, since by maintaining relationships with stakeholders and the use of CSR, the company achieves a certain competitive advantage, which ultimately leads to profit. Also, according to Admir, CSR is not contrary to Islam. Islamic companies have a legally and socially binding obligation to act in accordance with certain ethical principles.

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