Title:
A CRITICAL ISLAMIC PERSPECTIVE TOWARDS AGENCY THEORY

Authors:
Hamdi Agustin, Firdaus Abdul Rahman, Poppy C. Jamil, Indonesia

Abstract:

Agency theory is the value of the economic system of capitalism. The purpose of this paper is to examine and criticize agency theory based on an Islamic perspective. Islamic perspective is considered very important developments. An overview of these different theories, along with principal-agent agency theory. By following these criticisms, then, emerging theories and alternative perspectives that need discussion. That is the perspective of Islam is considered a very important development. The results of the study show that agent contract principles in an Islamic perspective are based on the ASIFAT concept, namely: Akhidah (obedience to Allah Ta'ala), Shiddiq (true), Fathanah (intelligent), Amanah (honest/trustworthy) and Tabligh (communicative). Contract between principal and agent in an Islamic perspective are based on amanah contracts and give each other noble character in carrying out these amanah.