An Analysis of Derived Benefit from Saving Account: An Islamic Perspective

Ahmad, Shofian; Laluddin, Hayatullah; Ahmad, Md Yazid

doi:10.3923/sscience.2012.440.445

Cited by 1 publication

(6 citation statements)

References 0 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Therefore, Muslims say or do everything spiritual based on the Islamic creed. Consistent with this view, Ramdani et al (2016), claim that practicing Shariah-compliant negotiation leads to spiritual satisfaction because it is a form of negotiation founded on Islamic principles and therefore contributes significantly to developing organizations that are entirely Shariah-based.…”

Section: Discussion Implications and Conclusionmentioning

confidence: 90%

“…The Qur’an and Sunnah are full of recommendations highlighting this in worship, fulfilling religious duties, conduct, dealings and negotiations between people. As such, we see evidence in the example of the Prophet (PBUH), who applied this principle in all transactions and dealings (Ghanim and Fatima, 2009; Ramdani et al , 2016) and asked Muslims to follow him. When the Prophet was speaking to one of his companions, Jabir bin Abdullah, He (PBUH) said: “May Allah's mercy be on him who is lenient in his buying, selling and in demanding back his money” (Imam Al-Bukhari, 2009).…”

Section: Discussion Implications and Conclusionmentioning

confidence: 95%

“…Third, to an Islamic organization, negotiation is a scriptural mandate for attaining spiritual satisfaction. According to Ramdani et al (2016), however, the last factor of spiritual fulfillment stems from first achieving unity. Negotiators must ensure that Islamic organizations conduct their dealings from the Shariah viewpoint to bring about internal and external harmony.…”

Section: Discussion Implications and Conclusionmentioning

confidence: 99%

“…The existing Islamic literature, such as Al-Zuhaili (2003), Alikhani (2011) and Ghanim and Fatima (2009), has highlighted the general principles on which all negotiations between nations, organizations and individuals should be based. As mentioned, however, negotiation studies from the Islamic perspective are limited and inadequate in their assessment of shariah-compliant tactics and in the negotiation strategies necessary for resolving or managing disputes among Islamic organizations (Ramdani et al , 2016).…”

Section: Literature Reviewmentioning

confidence: 99%

“…What is more, the importance of contextual communicative tactics and strategies in negotiation has been corroborated by Islamic researchers. (Ramdani et al , 2016), for instance, suggested that the term Shurah , which translates to “consultation,” is a scripturally prescribed tactical decision-making process in an Islamic negotiation context. The Islamic explanation of Shurah resembles the conventional principle of negotiation as a transactional decision-making process (Zartman, 1977).…”

Section: Literature Reviewmentioning

confidence: 99%

See 4 more Smart Citations

Exploring the concept and the communication principles of negotiation among Islamic corporate organizations

Ramdani,

Raji,

Ahmad

2024

JIMA

View full text Add to dashboard Cite

Purpose The acceleration of globalized commerce and economic activities has meant that conventional and Shariah (Islamic law) compliant organizations transact and negotiate among themselves. Therefore, this study aims to explore the concept of corporate negotiation and the communicative principles that guide the negotiation process among Shariah-compliant organizations. Design/methodology/approach The study uses a qualitative method through an inductive interpretative approach by conducting 20 in-depth interviews among four groups of experts. These consist of three muftis, ten academicians in Islamic assets, finance and asset jurisprudence; three practitioners in charge of inter-organizational negotiation and decision-making; and four shariah board members of selected Islamic banks. Findings The findings reported that business negotiation is used by Islamic organizations for reconciliation, consultation, resolving disagreements and as a means of achieving spiritual satisfaction. Furthermore, the key communicative principles of the negotiation process consist of the credibility of informational exchange, flexible interactions and the openness and truthful disclosure of information. Research limitations/implications The empirical data discussed in this study supports the claim that macro-environmental factors and social and cultural values should be considered when examining business negotiating behaviors. However, this study focuses only on the banking/service organization negotiation. Therefore, future research should focus on the Islamic negotiation process in the context of diplomatic and international relations. Practical implications The findings reported in this study offer insight for negotiators operating among Islamic organizations to understand the principles and process of negotiation in the purview of Shariah standards and principles. Originality/value In terms of theoretical implications, this study reveals a clear conceptual difference between the conventional concept and the Islamic perspective of corporate negotiation. Also, this study highlights the impact of organizational culture, specifically Islamic management strategies, on the business negotiation process and business communication principles.

show abstract

Section: Discussion Implications and Conclusionmentioning

confidence: 90%

Section: Discussion Implications and Conclusionmentioning

confidence: 95%

Section: Discussion Implications and Conclusionmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

See 3 more Smart Citations