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This paper aims to argue that the methodologies adopted by the conventional management accounting in selecting between or among two or more alternative courses of action, both in the long-term and the short-term decision making endeavours conflict with the overall objective ( falah) of Islamic enterprises.

The paper explores relevant literatures (including the Qur'an and the Hadeeth) to ascertain the objective of an Islamic enterprise and suggest an alternative approach, in making a choice among alternative courses of action, that aligns with the Islamic socio-economic objective ( falah).

The paper suggests that both in long-term and short-term decision making endeavours, cost-benefit comparison (where cost includes negative externalities) rather than discounted cashflow techniques or contribution margin should be adopted in making a final choice among alternatives to achieve falah.

The paper has not considered other objectives that may be pursued by an organisation beside profit maximization whether short-term or long-term.

The paper expands the frontiers of knowledge in Islamic accounting by exposing the inadequacy of the conventional management accounting decision making methods.

This paper explores the Islamic perspective of the conventional management accounting which is rare among scholars of accounting.

The purpose of this article is to assess the extent to which environmental economic practices are recognized and implemented in developing countries, with a specific emphasis on the Nigerian construction sector.

To examine the extent of awareness and usage, a quantitative research approach was adopted with close-ended questionnaires disseminated to construction professionals in Nigeria. The collected data were subjected to analysis using various statistical techniques such as percentages, frequencies and mean scores. Furthermore, to investigate any significant differences in the respondents' opinions, the Kruskal–Wallis H-test was applied.

The study's findings indicate that the level of awareness and implementation of environmental economic practices among construction professionals in Nigeria is limited. Based on the findings of this study, a roadmap of recommendations has been proposed to promote the adoption of environmental economic practices in the Nigerian construction industry. The implementation of these recommendations can help reduce the negative impact of construction activities on the environment and public health and contribute to the development of sustainable cities, communities and societies.

The outcomes from this study can inform policy and decision-making by providing insights into the level of knowledge and awareness of environmental economic practices among construction professionals in Nigeria.

The findings from this study provide a baseline for assessing the level of knowledge and awareness of sustainable practices among construction professionals in Nigeria, which can inform future studies on the effectiveness of training and awareness programs.