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International Journal of Academic Research in Business and Social Sciences

Open Access Journal

ISSN: 2222-6990

Review on Islamic Corporate Real Estate Sustainable Management (I-Cresm) Practice

Nurul Sahida Fauzi, Ashrof Zainuddin, Nor Nazihah Chuweni, Noraini Johari, Abdul Hadi Nawawi

http://dx.doi.org/10.6007/IJARBSS/v11-i1/9013

Open access

Islam views humans as God’s stewards on earth in preserving the environment in order to avoid dire circumstances. Therefore, the concept of preserving the resources for future generations or sustainability has been exposed to all Muslims. Various versus in Qur’an and Sunnah of the Prophet Muhammad S.A.W highlight the roles and responsibilities of man as a Khalifatullah (the vicegerent of Allah) to preserve the environment; and prohibit mischief to the earth. Global warming and climate change due to human actions have contributed towards many disasters particularly involving the real estate industry. Hence, sustainable practices are found to benefit not only the environment but have contributed to the positive wave of social developments and economic strength. This study attempts to explore the Islamic sustainable principles for corporate real estate management (CREM) practice. Previous writings on Islamic perspective for real estate management were reviewed and references made to the revealed sources of Al-Qur’an, and the Sunnah of Prophet Muhammad S.A.W. Results indicate eight principles of sustainable practices for CREM including sustainable utilization of water, organizational management and good governance, human satisfaction, environmental protection, waste management, energy management, innovation and work-space management. It then suggests further investigation to be conducted involving current practices by CRE managers to gather more relevant and accurate data.

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In-Text Citation: (Fauzi et al., 2021)
To Cite this Article: Fauzi, N. S., Zainuddin, A., Chuweni, N. N., Johari, N., & Nawawi, A. H. (2021). Review on Islamic Corporate Real Estate Sustainable Management (I-Cresm) Practice. International Journal of Academic Research in Business and Social Sciences, 11(1), 896-902.