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How Finance Could be Embedded in Ethics: The Case of Islamic Finance

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Social Impact Finance

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Abstract

In light of the current financial and economic crisis, the question we are asking is how ethics can be restored to the heart of society and finance put back in its place. In other words, what legitimacy does the creation of shareholder value have in defining and attaining social welfare? Our hypothesis is that the subject should be reversed. Rather than obliging companies to add a socially responsible dimension to their financial performance, this responsibility should instead be placed at the heart of management.

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© 2014 Elias Erragraguy, Kader Merbouh and Bernard Paranque

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Erragraguy, E., Merbouh, K., Paranque, B. (2014). How Finance Could be Embedded in Ethics: The Case of Islamic Finance. In: Atbani, F.M., Trullols, C. (eds) Social Impact Finance. IE Business Publishing. Palgrave Macmillan, London. https://doi.org/10.1057/9781137372697_3

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