finance or the likes just the matter of getting a hold of a job in the IFIs and make money.Are we go to universities for such objective! Then what about the importance of ethicsand the
? Of this catastrophic we face now, IFIs responsible to haveilluminated Islamic worldview to be implemented in the fundamental of businessoperations.
3.0 Profit maximization in Islam
Profit maximization indeed recognized in Islam, however it is not the ultimateobjective of how Islamic organizations should be operates. Interesting to note here, TanSri Muhammad Ali Hashim's idea on ‘Jihad Business’, CEO of Johor Corporation withhis idea reflects an interesting idea of how Islamic organizations should be operated. Theidea of jihad in doing business is such a unique idea and reflects that religion should,ideally, lower the standards of the believer, that they should be satisfied with less,differing the idea on how the Western view economics with the worldview of ‘unlimitedwants’ that driven the market with the idea of profit maximization
.Ethics, is a way a validating actions. IFIs are being understood to be govern by
, where actions are categorized into valid, invalid, disliked, recommended, or indifferent. Thus without understand and have full knowledge of religion boundaries(
framework), IFIs can’t easily validate some pretty sick stuff that will later on jeopardize their image as Islamic organization. Example is when validating such productsor services that lead to the economic destruction in the name of market 'justice' andefficiency; this is not how the spirits of IFIs should look like.Value inculcation in IFIs shall be given extra attention from those in leadership positions in IFIs to start to affect the type of change needed to prevent dysfunction in theorganization as laid out by Patrick Lencioni which he sees from the matters of trust,
“Jihad Biisnes” Satu Pendekatan Strategik Ke Arah Pemerkasaan Ekonomi Ummah, Kongres Ekonomi Iislam KeTiga (Ke-3)