Naveed YazdaniFarah Naz2012-02-212012-02-212011Interdisciplinary journal of contemporary research in business,July 2011, VOL 3, NO 3, pp 1569-1578https://escholar.umt.edu.pk/handle/123456789/453Islam goes much beyond a religion because of being regarded as “Din” a complete code and way of life. It happens to be the revealed solution of all ills, problems and recurrent and issues to emerge. It is meant for whole of the humanity. It embraces the cannons of justice, equity, equality and modernity as well but in the limited periphery. It routed out the ordains of the past which had been the practice of the masses though it be the rounds of holy Kaba, the enactments of business, the marriage contracts, the inheritance laws. It has a philosophy of its own which believes in the subservience of God, and living of masses on the earth as vicegerent of God to elevate and implement her will. Pakistan inherited its systems from the colonial era explicitly believing and implementing the western philosophies though wrong. The practices that crept into and polluted the pious rituals of Islam still persist and has given rise to the dented personalities partially believing in westernize and practicising Islam at the same time. This duality is the mother of all ills we could inherit. There is a need to rethink; Sole Proprietorship, General Partnership, Joint Venture, Limited Partnership, Limited Liability Partnership (LLP),Limited Liability Company (LLC), Corporations, S-Corporations, the different forms of corporate business in the light of Islamic teachings. Similarly the cannons of justice are to be reviewed family laws, laws of inheritance, laws of evidence, civil and criminal procedures in the light of established and referenced Islamic jurisprudence. There is also a need to peep into the practicality and implications of prevailing or pleaded to philosophies like rationalism, empiricism, skepticism, idealism, pragmatism, phenomenology, existentialism and structuralism as being incomplete philosophies and having established threats against them. On theoretical grounds if we go for a review and practically prepare a plan for the implementation of Islamic belief we would be living in a world of comforts for this day and thereafter otherwise we would be forming the world of Jahiliyya.en-USWestern CorporatePracticesDilemmaPakistani OrganizationsWestern corporate practices or jahiliyya? A dilemma for Pakistani organizationsArticle