The Role of Islamic Legitimacy Basis to Combat the Financial Corruption in Kuwait
Journal Title: The International Journal of Business Ethics and Governance - Year 2020, Vol 3, Issue 2
Abstract
The study aims to identify the role of Islamic Sharia to alleviate the problem of financial corruption in Kuwait. The researchers rely on the descriptive method. An extensive literature review was performed with regards to the legitimate ways to combat the financial corruption. The study has conducted interviews with Kuwaiti religious officials who have a long experience in the field of financial corruption. Results indicate that the role of Islamic Sharia is almost absent due to the lack of religious officials’ intervention. Their role in the field of combating financial corruption should be activated and not only restricted to media. This fact had increased the level of the financial corruption according to the annual financial corruption index. The study conveys important remarks. Kuwaiti official ministries and related organizations should embrace Islamic Sharia and rely on the wisdom of religious officials. To combat financial corruption, governments should reinforce the application of Sharia law in Kuwait since it was completely ignored in the past.
Authors and Affiliations
Melfi Muhammed Al Azemi, Abdel Majeed Al Omari, Tawfeeq Al Omrani
Keywords
Related Articles
- EP ID EP692487
- DOI https://doi.org/10.51325/ijbeg.v3i2.29
- Views 159
- Downloads 0
Doctrine Values and Economic Advancement: A review of recent studies
Historically, economic development went through various stages of growth and advancement. Nowadays, and despite entering a modern phase of progress, problems such as poverty, social injustice and unemployment are not sol...
A Review of Auditors’ GCOs, Statistical Prediction Models and Artificial Intelligence Technology
The main aim of this study is to give an overview of literature in accounting and finance regarding the performance of Auditors’ GCOs, Statistical Failure Prediction Models (SFPMs), and Artificial Intelligence Technology...
Waqf based Islamic Fintech Model for Agriculture Sector of Indonesia
This study addresses major challenges and financial problems faced by Indonesian farmers. Inadequate level of working capital and inability to access funding sources constitute major constraints to the agricultural secto...
The Impact of Governance on the Level of Disclosure and its Role in Attracting and Supporting Foreign Investment: Model of Qatar Stock Exchange
The aim of this paper is to shed light on the role of financial market efficiency in attracting foreign investments. To this end, the paper discusses the different investment types, the financial market efficiency, the e...
Effect of Applying Green Marketing Mix Elements on Achieving Competitive Advantage - Case Study: Palestine Cellular Communications Co. JAWWAL
This study aims to investigate the effects of applying green marketing mix elements in achieving the competitive advantage: an empirical study on the customers of Palestine Cellular Communications "Jawwal". The study hig...