Assessing ethical praxis of ethical (Islamic) financial institutions: a survey of empirical discoveries Aishath Muneeza Additional Author Shinaj Valangattil Shamsudheen Primary Author Saiful Azhar Rosly Additional Author mixed material bibliography ENGLAND EMERALD INSIGHT 2023 monographic en ENGLISH

Text

BAIK Abstract Purpose – This study aims to portray the ethical disposition of Islamic financial institutions (IFIs) globally by investigating the ethical gap identified in the empirical literature to date. Design/methodology/approach – Two methods of analysis used in this study are content analysis and ratio analysis. While the former was conducted to identify the main themes of empirical studies and to gauge the gap between theory and practice of ethical principles and business practice in the Islamic banking and financial industry, the latter quantified the intensity of the gap identified. Findings – The findings indicate that global ethical practices were found to be above medial, and the South East Asian region stood out with a relatively better performance along with the subpar performance of the African region. Among the ethical parameters, the praxis of marketing ethics was found to be distinctly aligned with the principles, and the organizational ethical decision-making behaviour was held to be least harmonized with the norms. Practical implications – The findings of this study help researchers and regulators to better understand the issues and provide practical solutions to address the shortfalls of ethics in Islamic finance in practice. Originality/value – In spite of the vast literature, comprehension of the overarching ethical standing of IFIs is still equivocal. This study contributes to the growing literature of ethical and/or Islamic finance primarily in two ways. Firstly, it provides a comprehensive depiction of the ethical standings of the IFIs all around the globe, which can be treated as a guiding document for regulators and industry practitioners to better understand the issues and provide practical solutions to address the shortfalls of ethics in Islamic finance in practice. Secondly, it helps researchers identify research gaps and provides a systematic direction for future studies in the area of ethics in Islamic finance. Empirical discoveries Ethical praxis, Islamic financial institutions NONE Repository Universitas Langlangbuana Sistem Repository Elektronik Skripsi, Tesis, Desertasi dan Penelitian Dosen Universitas Langlangbuana JA101.IJLMA23V65.5.4 My Library Assessing ethical praxis of ethical (Islamic) financial institutions: a survey of empirical discoveries COVER_International_Journal_of_Law_and_Management.png.png 2755 2023-12-22 12:03:00 2023-12-22 12:03:24 machine generated