| ID | 138824 |
| Title Proper | Spirituality as an integral Part of Islamic business |
| Other Title Information | the case of global Ikhwan |
| Language | ENG |
| Author | Hamid, Ahmad Fauzi Abdul |
| Summary / Abstract (Note) | The Global Ikhwan group of companies was founded in 2008 to succeed the Rufaqa' Corporation, established in 1997 to take over the business interests of Darul Arqam after its members consistently landed in trouble with Malaysia's Islamic authorities. Banned in 1994, Arqam members survived state repression by reconfiguring themselves as successful businessmen operating under the banner of Global Ikhwan, whose steady expansion outlived the demise of its controversial chairman, Ashaari Muhammad, in May 2010. Spreading its wings transnationally even to Haramayn—the hub of Islamic worship in Saudi Arabia—Global Ikhwan was distinctively helmed by a woman, Khadijah Aam, one of Ashaari's widows. An analysis of the business experience of Global Ikhwan adds a fresh perspective to understanding Muslim economic norms. Global Ikhwan has carved out a philosophy for its members that is spiritual and traditional, yet at the same time enterprising and innovative. Global Ikhwan attributes its phenomenal success directly to its endeavour to apply Sufi doctrines to the economic realm, despite a common taxonomy of knowledge in Islam which discusses spirituality and business as if they were separate worlds. While Islam does outline moral guidelines for regulating business, whether intra-Muslim or between Muslims and non-Muslims, it has been unusual for the ulama or Muslim religious scholars and Muslim entrepreneurs to ascribe Muslim success in business to Islamic precepts, let alone Sufi principles. Global Ikhwan is an instructive exception. |
| `In' analytical Note | Pacific Affairs Vol. 88, No.2; Jun 2015: p.173-192 |
| Journal Source | Pacific Affairs Vol: 88 No 2 |
| Key Words | Malaysia ; Islam ; Ashaari Muhammad ; Darul Arqam ; Global Ikhwan |