Introduction
There are several discussions which require our scholarly attention. For instance, theoretically, there are some debates on the robustness of existing Islamic business ethics frameworks which result in addressing pragmatic issues facing financial services (Hameed, Bhatti, Khan, & Syed, 2020). More specifically, the issues of customer deception, employee engagement, leadership, and a culture which is based on egalitarianism require more depth and scholarly interventions in the financial services sector. With an increasing tension among employees (Aman-Ullah & Mehmood, 2023); aggressive consumers (Gillison, Beatty, Northington, & Vivek, 2023); destructive leadership behaviors (Pandey, Nambudiri, Selvaraj, & Sadh, 2021) an agenda to foster business ethics in the financial services sector based on Islamic teachings is imperative.
From a more theoretical standpoint, researchers so far have based their work on western models and theories while the work of Islamic scholars, Sufi saints, and even the companions of Prophet Muhammad (Peace Be Upon Him) is not framed. More specifically, the business ethics model based on the life, teachings, and business practices of Abdul-Rehman Bin Auf (Razi Allah ho Anhu), Usman-e-Ghani (Razi Allah ho Anhu), and Khadija-tul-Kubra (Razi-Allah ho Anhu) can be a very important intervention in the study of business ethics. Likewise, life and teachings of various Sufi Saints from the African, Arab, and Sub-continent can be an excellent starting point to advance business ethics theories (Kashif et al., 2018; Ul-Haq, 2024; Ul-Haq, Lone, & Ashraf, 2022). There are a few efforts but those are not enough and there exists a gap, as discussed above, thus requiring our scholastic intervention. The efforts such as presenting the writings of poets (Khan & Koshul, 2011) and scholars from the Muslim world to advance knowledge of the field are commendable. However, more indigenous work can be done and is required.
Finally, from a methodological perspective, a dominant form of research in this domain is cross-sectional, secondary data-driven, and based on survey research (Napitupulu et al., 2024; Shamsudheen et al., 2024). We appreciate the positivist inquiries. However, there is a dire need to advance knowledge by employing unique methodological approaches. For example, a wide variety of qualitative and quantitative inquiries from other fields can be borrowed to advance on our existing understanding (Kalyvas, Fedorowycz, Bourke, & Skinner, 2022). This way it will contribute to extant knowledge in the field of business ethics research.
List of topic areas
- Holistic perspectives to impart Islamic business ethics perspectives to improve managerial practices in the financial services sector.
- Islamic marketing and digital consumerism in financial services sector.
- Islamic human resource management and its challenges to improve work practices in financial service organizations.
- Islamic charity/consumer financing issues in financial services sectors.
- Contemporary ethical frameworks based on Islamic teachings to improve organizational performance.
- Business ethics practices of Islamic scholars, Sufi saints, and businessmen/women from a classical point-of view.
- Innovative methodological principles, practices, and approaches to inform business ethics research in the financial services sector.
Guest Editors
Dr. Muhammad Kashif, Associate Professor, NUST Business School, NUST, Pakistan, [email protected]; [email protected]
Dr. Sarah Al-Shamali, Assistant Professor, American University of Kuwait, Kuwait, [email protected]
Submissions Information
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Key deadlines
Opening date for manuscripts submissions: 2nd May 2025
Closing date for manuscripts submission: 10th January 2026
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