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International Journal of Academic Research in Business and Social Sciences

Open Access Journal

ISSN: 2222-6990

An Investigation into Islamic Corporate Real Estate Sustainable Management (I-Cresm) Practices

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

http://dx.doi.org/10.6007/IJARBSS/v11-i1/9019

Open access

Shariah-compliant products are now widely accepted especially in the Islamic countries. Similarly, shariah-compliant services are increasingly gaining global market recognition albeit still inattentive in the management practice.Management practices, including real estate management practice,are more concernedwith the sustainable movement. Sustainability is, in fact part of the Islamic principlesin managing this earth. Therefore, a sustainable practice in management should embed Islamic principles and values in order to make it shariah compliant. Accordingly, this paper proposes to investigate the Islamic practice in corporate real estate sustainable management in order to identify the Islamic practices incorporated in sustainable management. The existing Islamic practices are identified through a comprehensive review of current academic literature. An exploratory study was conducted through face-to-face semi structured interviews with ten corporate real estate managers directly involved in managing green office buildings. Results indicate nine (9) principles of sustainable practice for CREM that include sustainable utilization of water, organizational management and good governance, human satisfaction, environmental protection, internal green management, waste management, energy management, innovation, and workspace management. This paper suggests further investigation to be

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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). An Investigation into Islamic Corporate Real Estate Sustainable Management (I-Cresm) Practices. International Journal of Academic Research in Business and Social Sciences, 11(1), 978-985.