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Article
Publication date: 14 March 2023

Nazamul Hoque, Mahi Uddin, Mohammad Tazul Islam, Abdullahil Mamun, Mohammad Nazim Uddin, Afzal Ahmad and Md Thowhidul Islam

This study looked into the scope of integrating the aspirations of zakah and corporate social responsibility (CSR) to counter poverty, inequity, illiteracy, malnutrition and…

Abstract

Purpose

This study looked into the scope of integrating the aspirations of zakah and corporate social responsibility (CSR) to counter poverty, inequity, illiteracy, malnutrition and environmental pollution to ensure peace, happiness, prosperity and sustainability as envisaged in sustainable development goals (SDGs).

Design/methodology/approach

This is a qualitative research study conducted using both primary and secondary data. Primary data were collected from 29 business enterprises in Bangladesh employing a semi-structured interview protocol. The secondary data were collected through content analysis of annual reports, websites and CSR publications of sample organizations. Finally, collected qualitative data have been analyzed thematically following the due procedures to address the research questions.

Findings

The findings reveal that integration of the aspirations of zakah and CSR is a convenient and wholehearted approach for entrepreneurs resulting in pursuing SDGs. In addition, business entrepreneurs in Bangladesh consider such practices as killing two birds with one stone because this approach warrants performing both religious and social obligations simultaneously. Interestingly, the study explores that shariah compliance acts as a guiding force for selecting well-being-oriented projects in zakah-funded CSR resulting in pursuing the priority goals – No Poverty (1), Zero Hunger (2) – of SDGs, thereby addressing some of the most critical issues of emerging economies such as Bangladesh.

Practical implications

The findings of this research can be used as a guide to incorporate the spirit and principle of zakah into the CSR programs aimed at pursuing SDGs mainly in Muslim countries representing one-fourth of the world population.

Originality/value

Integration of the aspirations of zakah and CSR is an innovative move and net addition to the literature on sustainability, CSR and zakah because Muslim business entrepreneurs will now conveniently be able to use the entrepreneurs' zakah money – readily available in each financial year – to fund the entrepreneurs' various CSR projects (within shariah framework) relating to poverty alleviation, humanitarian and disaster relief, health and sanitation and environmental conservation which will eventually contribute to pursuing various SDGs.

Details

International Journal of Social Economics, vol. 50 no. 9
Type: Research Article
ISSN: 0306-8293

Keywords

Article
Publication date: 29 August 2023

Shahanara Basher, Abdullahil Mamun, Harun Bal, Nazamul Hoque and Mahi Uddin

This study aims to offer an up-to-date estimate of capital flight from selected emerging Asian economies and examine the anti-growth phenomenon of capital flight by using annual…

Abstract

Purpose

This study aims to offer an up-to-date estimate of capital flight from selected emerging Asian economies and examine the anti-growth phenomenon of capital flight by using annual data for the period 1981–2019.

Design/methodology/approach

The study relies on residual methods to derive the estimate of capital flight with necessary adjustments. It then applies the autoregressive distributed lag Bounds testing approach in examining the impact of capital flight on the economic growth of Asian emerging economies.

Findings

The study identifies capital flight as the attributor to the slower economic growth of the selected emerging economies of Asia.

Practical implications

Apart from appropriate policies addressing the issues causing capital flight, unleashing the way of private sector-led growth of the emerging countries with necessary policy, infrastructural, institutional and regulatory support can rather help them retain and repatriate domestic capital.

Originality/value

The capital flight estimates in earlier studies are antithetical as they differ in terms of definition and estimation procedure. Again, the growth effect of capital flight in these economies has received meager attention in research and policy debates. Furthermore, being country-specific or region-specific, existing studies are unable to compare the growth effect of capital flight for different emerging economies in this region. Examining the growth effects for a large number of countries separately based on a common estimate of capital flight can resolve these issues that this study aims to do.

Details

Journal of Financial Economic Policy, vol. 15 no. 4/5
Type: Research Article
ISSN: 1757-6385

Keywords

Article
Publication date: 31 January 2022

Nazamul Hoque

This study aims to look into the scope of exploring and promoting business zakah for the enhancement of the well-being of the underprivileged in society.

Abstract

Purpose

This study aims to look into the scope of exploring and promoting business zakah for the enhancement of the well-being of the underprivileged in society.

Design/methodology/approach

This is mainly a qualitative research conducted using both primary and secondary data. Primary data have been collected from 34 business entrepreneurs in Bangladesh through semi-structured in-depth interviews. The secondary data have been collected from annual reports with a view to calculating business zakah of five business enterprises for providing an indicative picture of prospective volume of business zakah in Bangladesh. Finally, collected qualitative data have been analyzed thematically following the due procedures with a view to addressing the research questions.

Findings

The findings reveal that around thirty five percent of sample entrepreneurs have used business zakah fund for fully and partially financing their social projects. It also reveals that on average annual business zakah fund amounts to nearly 144m BDT (around US$1.7m) per business enterprise. These findings bear clear witness that business zakah has extensive scope and promising prospect to be an instrument of financing social projects aimed at ensuring social well-being of the disadvantaged.

Practical implications

The findings of this research can be used as a guide to promote business zakah to finance social programs aimed at ensuring the well-being of the underprivileged of all societies particularly of Muslim countries representing one-fourth of the world population.

Originality/value

Exploring and promoting business zakah as an initiative of broadening the base of zakah is an innovative move and net addition to the literature of Islamic finance. It contributes greatly to the poverty alleviation movement in the sense that Muslim business entrepreneurs will now find their business zakah fund readily available to finance their social projects aimed at ensuring well-being of the impoverished.

Details

Journal of Islamic Marketing, vol. 14 no. 4
Type: Research Article
ISSN: 1759-0833

Keywords

Article
Publication date: 23 August 2013

Nazamul Hoque, Mohammad Aktaruzzaman Khan and Masrurul Mowla

The purpose of this paper is to develop the features as well as model of organisational culture from Islamic point of view.

3277

Abstract

Purpose

The purpose of this paper is to develop the features as well as model of organisational culture from Islamic point of view.

Design/methodology/approach

The study is descriptive, in so far as its goal is to describe a method, and the nature of the paper is conceptual. The study draws on secondary materials through library research.

Findings

In this paper both the features as well as model of organisational culture are developed from Islamic perspective. The salient features are trust on Allah, missionary zeal, justice, accountability, mutual respects, mutual trust, absolute sincerity, hard working, cooperation, excellence, brotherly treatment, honesty and truthfulness, morality, consultative decision making, knowledge, good behaviour, sacrifice, neat and cleanliness.

Research limitations/implications

The paper has some implications for Islamic managers and employees who have to deal with ethical dilemmas between traditional and Islamic organisational culture in Muslim countries representing one fourth of the world population. It is also hoped that the study will reinforce managers' Islamic behaviour and make them more aware of the code of conduct based on Quran and Sunna in a modern organisational set up.

Practical implications

The findings of this research can be used as a guide to Islamic organisational culture in Muslim countries. The study could have practical implications falling within the purview of social sciences such as political science, management and organizational studies, education, international law, and human resource management.

Originality/value

While many studies, partially, have focused on traditional organisational culture sparing the demand of Muslim world, in this paper, the authors open a new avenue contributing to the literature on organisational culture from Islamic perspective. The proposed model will be of genuine interest and benefits to Islamic as well as non‐Islamic managers, employees, and academicians.

Details

Humanomics, vol. 29 no. 3
Type: Research Article
ISSN: 0828-8666

Keywords

Article
Publication date: 14 April 2014

Nazamul Hoque, Abdullahil Mamun and Abdullah Mohammad Ahshanul Mamun

– The purpose of this paper is to develop traits and model of entrepreneurship development from Islamic point of view.

2323

Abstract

Purpose

The purpose of this paper is to develop traits and model of entrepreneurship development from Islamic point of view.

Design/methodology/approach

The study is descriptive, in so far as its goal is to describe a method, and the nature of the paper is conceptual. The study draws on secondary materials through library research.

Findings

In this paper both the traits as well as model of entrepreneurship are developed from Islamic perspective. The salient traits are knowledge, initiative, risk taking, customer orientation, employee involvement, strategic thinking, fear of Allah, hard working, innovativeness, excellence, honesty and truthfulness, morality, vision, optimism, patience, social welfare, Halal earnings and economical. The model would be used for developing entrepreneurship from Islamic perspective by performing various types of activities relating to the phases of preparatory and awareness development, support and motivation and feedback.

Research limitations/implications

The paper has implications for government, potential entrepreneurs and existing entrepreneurs of Muslim countries representing one fourth of the world population. It is also expected that the study will help and encourage Islamic scholars to think over the matter and make them more aware in developing entrepreneurship based on Quran and Sunna in the modern business world.

Practical implications

The findings of this research can be used as a guide to develop entrepreneurship in Muslim countries from Islamic point of view. The study could have practical implications falling within the purview of social sciences such as economics, business studies, public administration, political science, development studies, sociology, law, Quranic science, industrial management, education and human resource management.

Originality/value

While many studies, partially, have focussed on traditional entrepreneurship sparing the demand of Muslim world, in this paper, the authors open a new avenue contributing to the literature on entrepreneurship development from Islamic perspective. The proposed model will be of genuine interest and benefits to government as prime policymaker, existing entrepreneurs, potential entrepreneurs, Islamic scholars and academicians.

Details

World Journal of Entrepreneurship, Management and Sustainable Development, vol. 10 no. 2
Type: Research Article
ISSN: 2042-5961

Keywords

Article
Publication date: 24 May 2011

Syed Mohammad Ather, Mohammad Aktaruzzaman Khan and Nazamul Hoque

The purpose of this paper is to indicate total motivation under Islamic management.

4654

Abstract

Purpose

The purpose of this paper is to indicate total motivation under Islamic management.

Design/methodology/approach

The research was based on both primary and secondary materials. The primary data were gathered following a sample survey through direct personal interview by the researchers; the secondary data were obtained through library research. Statistical tools and techniques like weighted average, SD, variances and coefficient of variation were used applying statistical software Statistical Package for Social Science (version 10.0).

Findings

The theories and models of motivation under traditional management are a reflection of partial rather than total scenarios of human motivation especially for Muslim managers, executives, staff and workers. On the other hand, motivation under Islamic management is conceptualised by the authors as “total motivation” comprising of Islamically approved (Halal) materialistic gains, expectations and achievement in this world as well as the gains, expectations and achievement in the world hereafter.

Originality/value

The paper opens a new avenue of motivation concept. It is considered superior to partial motivation. Further, the total motivation model, materialistic and spiritual indices are also new things.

Details

Humanomics, vol. 27 no. 2
Type: Research Article
ISSN: 0828-8666

Keywords

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