The important roles of Islamic business ethics towards housing project performance in Malaysia

• Main Authors: Azmin, Adi Anuar, Abu Bakar, Azizi, Abdul Ghani, Abdullah
• Format: Conference or Workshop Item
• Language: English
• Published: Academy for Global Business Advancement (AGBA) 2015
• Subjects: BP Islam. Bahaism. Theosophy, etc; TH Building construction
• Online Access: http://repo.uum.edu.my/19443/1/AGBA12%202015%20673-680.pdf; http://repo.uum.edu.my/19443/; http://www.agba.us/pdf/2015-AGBA-Malaysia-Conference-Proceedings.pdf

Efforts have been taken seriously by the government as one of the national agendas to provide affordable own house for every Malaysian in this country (Budget 2014), nevertheless there are some obstacles that interfere with the government to realize that goal.That barrier is the negative and bad practices of business ethic attitudes among developers during the implementation of the housing project are often featured in the media.The attitude of business ethic developers was motivated and influenced by ethical attitudes conducted by all stakeholders in the housing projects.Brenner and Molander, (1977), Moore, (1999) and Wiley, (1995) posit that, developers with the practice of good business ethic attitudes, will enhance and upgrade the housing project performance.If the unethical business practices continue to be practiced by developers, it will affect the cost to business organizations (McMahon and Harvey, (2007) and Trevino & Victor, (1992), spirit of work motivation of employees (Beu and Buckley, (2001), Karpoff, Lee and Martin, (2008) and self government and the community on the implementation of housing projects undertaken (Jones and Kavanagh, (1996), McMahon and Harvey(1996). Despite the positive growth of housing projects, there are things that many overlook.Previous research has proven the performance issues of housing projects that often burden the purchaser. For example, buyers not only have to bear the financial burden from the bank, but there are also plagued with frustration due to failure processing the dreamt home.The Ministry of Housing and Local Government (KPKT) has received complaints about housing project that was especially abandoned projects that affect the buyer in terms of the financial burden, including the repayment of loan installments and rental payments occupied home buyers.In addition, home buyers are more likely to be blacklisted by the financiers of the financial institutions, if they fail to settle outstanding debts and this will cause in difficulties of obtaining next loan facilities.(Abu Bakar, 2009).