New England Journal of Entrepreneurship: Vol. 13 Nbr. 1, April 2010

Author: Miles K. Davis Ph.D.

In an interview, M. Yaqub Mirza, president and CEO of Sterling Management Group Inc, outlined the Islamic principles he uses to guide his investment in new ventures and how those same principles shape his management style and attitude toward corporate social responsibility. At this moment, Mirza is more into management, investments, and entrepreneurship. He is managing several endowments, and the investments of those endowments in many for-profit businesses. Companies are in the business of growth, providing services, and being socially responsible. When they accumulate too much cash, either they should reinvest in the business or they should give out the excess cash as a dividend. People are increasingly becoming conscious of doing the right things and the performance certainly helps. Mirza takes his social responsibility quite seriously. He feels he needs to give back to the community; the community has contributed a lot to him. Click on the image below to read…