Religion has a close relationship with the financial discipline an individual shows mostly in the process of servicing financial loans. Individuals with high-level religious norms and adheres to the religious doctrines have lower financial debt since they apply discipline in repaying the loans (Sipon et al. 2014). God mandated the human kind to fill the world, govern it, and work to produce resources that are helpful. In business finance, companies that involve themselves in the corporate social responsibilities through using the company financial allocations to finance projects that multiply resources obey God’s command. A company might engage in the mining process and societal welfare to protect the resources and provide for the vulnerable. Such a project contributes to the protection of the human kind and the multiplication of the resources.
Firms fulfill God’s teaching through their financial obligations. Many corporates invest in real estate to create a perfect habitat for humanity ( Brealey et al. 1995) . According to God’s teachings, He created everything for His glory and honor. Building estates to protect humanity is an example of the honor that God receives whenever a firm takes a significant step to take care of the welfare of humankind. The relationship between churches and states is vital in making financial laws ( Aernout, 2012) . State seeks religious advice in the enacting laws that can create equality in the banking. The relationship must be Godly and satisfies God’s mandates. States must, therefore, adhere to advise issues by the financial planners, religious leaders, and the entire society to enact fiscal policies that would be righteous before God.
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References
Aernout J. N. (2012). “State and religion, a multidimensional relationship: Some comparative law remarks,” International Journal of Constitutional Law , Volume 10, Issue 1, January 2012, Pages 153–174, https://doi.org/10.1093/icon/mos001
Brealey, R. A., Myers, S. C., & Marcus, A. J. (1995). . Fundamentals of corporate Finance tenth edition . McGraw-Hill Companies
Sipon, S., Othman, K., Ghani, Z. A., & Radzi, H. M. (2014). “The impact of religiosity on financial debt and debt stress.” Procedia - Social and Behavioral Sciences , 140 , 300-306. https://doi.org/10.1016/j.sbspro.2014.04.424
