BOOK REVIEW: ACHIEVING FAIR VALUE: HOW COMPANIES CAN BETTER MANAGE THEIRRELATIONSHIPS WITH INVESTORS

IIUM Journal of Economics and Management 13, no. 2 (2005): 217-22© 2005 by The International Islamic University MalaysiaThe question of being fairly valued has always been the main concernof most CEOs of large public companies as it is the standard benchmarkof being successful in the financial market. The concept of fair valuesimply means that a management has to focus primarily on fundamental,operational value creation and ensure that they are as accurately valuedas possible by investors. In ensuring this, management is prepared toinvest tremendously in terms of time and cash in managing relationshipswith the financial markets solely for the reason of controlling themovement of share price as it is seen to be the “primary modern measureof successful management” (p. 2). As a Muslim reader, we cannotneglect the fact that this question of being fairly valued should also belooked into carefully by those Islamic economists who are committedin developing and offering Islamic alternatives to the society.