CSR Guidelines for the Financial Sector - page 85

Stakeholders
Employees
Supplier
Customers
Competitors
Environment
Community
The Poor
Description
Stakeholder
Profit, personal property, control
Transparency, ethical activities, fairness, investment inHalal business
Fair compensation, dignified life, goodworking conditions regarding
safety, fair work load, secrecy, training and development
No cheating inwork, optimal utilization of time and skills, privacy of
company policies, working as a Trustee of owners
Respecting contracts regarding credit and other terms
Declaration of quality, exact quantity, safety, hygienic production process,
fair prices, no hoarding provision of Halal products and services
Declaration of quality, exact quantity, safety, hygienic production process,
fair prices, no hoarding provision of Halal products and services
Respecting contracts regarding credit and other terms
Clean environment, employment, health, education, no discrimination
organizationmeets all its obligations as amember of the community
Considering the organization as a communitymember and helping it
succeed, Meeting contractual obligations
Although they don’t contribute anything substantial to the company, yet they have the right, in
form of Zakat, tomonetary benefits from the company and other stakeholders
Rights:
Obligation:
Right:
Obligations:
Rights:
Obligations:
Rights:
Obligations:
Fair competition
Stewardship
Rights:
Obligations:
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If any organization is simply entering into aCSR activity for economic gains, without real elements of truthfulness,
trust or even intentions, then is it lawful for them to do this? – In this case and speaking Islamically, one can only say
– Allah knows best.
Perhaps it is better for businesses wanting to engage inCSR activities to consider the aspects of the project, including
why they are doing it, whom they are doing it for andwho is benefitting from it to avoid any conflicts of interest.
Islamand Stakeholders
As can be demonstrated from the above, even in reviewingCSR concepts in alignment with Islamic principles it is
important to consider stakeholders. Below is a review of the obligations and rights of different stakeholders from an
Islamic perspective.
1...,75,76,77,78,79,80,81,82,83,84 86,87
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