A number of moves for ethical and SRI based business and finance have been initiated for last three decades which pertain to some or all of the attributes like religion, distributive justice and equity, community, corporate governance, customer relations, employee: contractual relations, employee: labour rights, etc.
The notable among these is the Islamic business and finance movement. With around eleven hundred institutions and assets of US $ 1.5 trillion, Islamic finance is now an important part of the global financial system. But there is dichotomy between the pronouncements and the practices. Requisite importance has not been given to the factors of equity and socio-economic justice and the ethics based systems of business management which could have positive implications for the global business and economy. Hence, the theme of the Conference is to discuss the problems, challenges and potential for move to managing the modern day businesses in way that conforms to the Shariah.