Problems inherent in transforming multinational corporations using Islamic banking as a reflection of modern globalisation

Modern globalisation enhances many kinds of activity, which strengthen its influence on human civilisation entropically. Multinational corporations that use Islamic banking are included in the global processes of world civilisation, helping to maintain social and economic balance worldwide. The global world is now accepted as the new platform for international relations. A new concept of social and economic development that promotes cultural resources in a modern and post-industrial economic paradigm is becoming more extensively developed. Multinational corporations (MNCs) occupy a huge space in today's multicultural, global world. However, their main trait, that of multi-nationality, gives rise to unique problems that these corporations must fix in order to remain competitive in the fast-paced, highly challenging world of modern business. The problems of managing MNCs is particularly topical for the present stage of the development of world economy, which is in the active process of forming complex structured economic entities. Owing to publicity and much activity in corporations there are competitive interests between various groups involved in corporate relations. This has great influence on the external environment. Success depends on how a worker will use his/her talent and imagination and if he/she is capable of making individual decisions. All the aspects of creativity are interrelated and inseparable. © 2017 Universiti Putra Malaysia Press