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A Survey on the Objective of the Firm and Models of Producer Behavior in the Islamic Framework دراسة استطلاعية لهدف المنشأة ونماذج سلوك المنتج من منظور إسلامي

Author

Listed:
  • Selamah Abdullah Yusof

    (Associate Professors- Department of Accounting, Kulliyyah of Economics and Management Sciences of International Islamic University Malaysia)

  • Ruzita Mohammad Amin

    (Associate Professors, Department of Economics Kulliyyah of Economics and Management Sciences International Islamic University Malaysia)

Abstract

This paper presents a review of related works that have been written over the years on the objective of the firm from the Islamic perspective. For the purpose of analysis, a general framework on proper economic conduct and objective of economic order as discussed by al-Ghazali and Maududi, respectively is provided. Several studies that provide mathematical models to explain the producer behavior are further examined in a separate section. Our analysis finds that, in general, the arguments provided in justifying the objective of the firm as found in the various studies have the Islamic framework in mind. The theoretical models that have been developed can be used as a basis to formulate a more comprehensive model on Islamic producer behavior that provides more rigor and robustness to the analysis. تقدم هذه الورقة مراجعة لأعمال علمية كتبت على مدى سنين عن هدف الشركة من منظور إسلامى. ورغبة في تحليل دقيق، فإن الورقة عنت بإلقاء الضوء على إطار عام لسلوك اقتصادي مناسب ولأهداف نظام اقتصادي كما ناقشهما الغزالى والمودودي. ومن ناحية أخرى، فإن الورقة تناولت بالتحليل فى قسم خاص جملة من الدراسات التى تقدم نماذج رياضية لتفسير سلوك المنتج. وعلى العموم، لقد توصلنا فى تحليلنا إلى نتائج تؤكد أن الحجج التى وردت فى عدة دراسات لتبرير هدف الشركة قد تم بناؤها فى إطار إسلامى. إن نماذج التحليل النظرية التي طورت يمكن أن توظف كأساس نظرى لتشكيل نموذج أكثر شمولاً لتفسير سلوك المنتج الإسلامى والمساعدة على توفير دقة وفعالية أكبر للتحليل.

Suggested Citation

  • Selamah Abdullah Yusof & Ruzita Mohammad Amin, 2007. "A Survey on the Objective of the Firm and Models of Producer Behavior in the Islamic Framework دراسة استطلاعية لهدف المنشأة ونماذج سلوك المنتج من منظور إسلامي," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 20(2), pages 3-16, July.
  • Handle: RePEc:abd:kauiea:v:20:y:2007:i:2:no:1:p:3-16
    DOI: 10.4197/islec.20-2.1
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    Cited by:

    1. Tarik AKIN & Abbas MIRAKHOR, 2016. "Efficiency with Rule-Compliance: A Contribution to the Theory of the Firm in Islamic Economics," Journal of Economics and Political Economy, KSP Journals, vol. 3(3), pages 560-574, September.

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