CSR Guidelines for the Financial Sector - page 82

CSRGUIDELINES FOR THE FINANCIAL SECTOR
70
Below, we take each of the above commitments and identify how they translate in Islam in terms of principles of the
religion.
Hiring someone for unspecifiedwork is invalid
The effort requiredmust be stipulated, andworkers
should not be over burdened.
Wagesmust be paid and slavery is discouraged
Working conditionsmust be safe.
Business should up hold the freedom of association
and the effective recognition of the right to collective
bargaining.
The elimination of all forms of forced and compulsory
labor.
The effective abolition of child labor.
The elimination of discrimination in respect of
employment and occupation.
Islam
UN Labor Rights (HumanCapital)
Right to life
Right to a basic standard of living
The Right to Individual Freedom
Freedom of expression
Freedom of belief
Business should support and respect the protection of
internationally proclaimed human rights.
Make sure that they are not complicit in human rights
abuses
Islam
UN (Social Capital)
Nature belongs toAllah and not toMan (Qur’an
4:126)
Islam encouragemoderation and discouragewaste
(Qur’an 7:31)
Business should support precautionary approached to
environment challenges.
Undertake initiatives to promote greater environmental
friendly technologies.
Encourage the development and diffusion of
environmentally friendly technologies.
Islam
UN Environment (Natural Capital)
Corruption is forbidden
Corruption is punishable
Businesses shouldwork against all forms of corruption,
including extortion and bribery.
Islam
UN (Social Capital)
1...,72,73,74,75,76,77,78,79,80,81 83,84,85,86,87
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