CONTENTS1.0 INTRODUCTION:...............................................................................................................2

2.0 Background.....................................................................................................................3

2.1 Ethics...............................................................................................................................3

2.2 Religion of Islam.............................................................................................................4

2.3 The Role of Business Ethics Today................................................................................6

2.4 prophet of Islam..............................................................................................................6

3.0 BUSINESS ETHICS FROM ISLAMIC PERSPECTIVE...............................................7

3.1 Business ethics in Islamic context...................................................................................9

3.2 Freedom and enterprise...................................................................................................9

3.3 Truth fullness in business transactions..........................................................................10

3.4 Honouring and fulfilling Business Obligations.............................................................10

3.5 Cheating and Fraud in Business Transactions...............................................................10

3.6 What is prevented in Islamic business?.........................................................................11

4.0 THE DIFFERENT BETWEEN ETHICS BUSINESS IN ISLAM AND OTHER RELIGIONS.............................................................................................................................12

4.1 Christian........................................................................................................................12

4.2 Buddhist........................................................................................................................12

4.3 Jewish............................................................................................................................13

4.4 overview about differentiation......................................................................................14

5.0 EXAMPLES OF ISLAMIC ETHICS..................................................................................15

5.1 Quran.............................................................................................................................15

5.2 Hadith:...........................................................................................................................16

5.3 Example.........................................................................................................................16

6.0 CONCLUSIONS................................................................................................................17

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1.0 Introduction:

Nowadays, Ethics is very important, ethics as principles of right conduct or a theory or a

system of moral values, we must have Ethics to reduce our mistakes in this life. There are many

scopes for ethics, such as social Ethics, business Ethics, and so on. In this project, we are going

to focus only in Business Ethics. In addition, there are many perspectives try to understand and

improve Business Ethics but we will talk here only from Islamic perspective as we believe it’s

true way must we unreel in this life. Afterwards, we will explain the main topic the perspective

of Ethics for Islam. (Awazu, 2005)

Therefore, in this paper we are going to write about business Ethics from Islamic

perspective. First, as background about Ethics in general, Business Ethics and then what is Islam

and how this religion has won perspective in this issues business Ethics. Next, we have to

mention some differentiations between Islamic perspective and another religion. Moreover, bring

some example from Sunnah and Qur’an to make it clear and easy to understand how the Islam

religion draws out the Ethics, and how Muslims practiced that perspective.

Finally, we will write down some notes, and suggestions, which rose in our minds when

we discuss. Actually, we read a lot of article to performance this project, then some doors open

in front of us take care about our Islam and try to show non-Muslim what Islam about?

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2.0 Background

2.1 Ethics

Ethics definition is as the set of moral principles that refers to the rightness or wrongness

of the decisions and behaviors of individuals and the organizations of which they are part. In

general, it can be defined as the system of rules governing the ordering of values .It is a

normative field because it prescribes what one should do or abstain from doing. Within an

Islamic context, the term most closely related to ethics in the Qur’an is khuluq. It also the study

of moral standards which is the process of examining the moral standards of a person or society

to determine whether these standards are reasonable or unreasonable in order to apply them to

concrete situations and issues. Ethics has a twofold objective it evaluates human practices by

calling upon moral standards, also it may give prescriptive advice on how to act morally in a

given situation. (Paul Fergus, Anirach Mingkhwan, Madjid Merabti, Martin Hanneghan, 2007)

Therefore, aims to study both moral and immoral behavior in order to make well-founded

judgments and to arrive at adequate recommendations. Sometimes ethics is use synonymously

with morality. An action, which is morally right, it also called an ethical one. Actually,

morality’s Codes almost as same as ethical codes. The aim of ethics is to identify both the rules

that should govern people’s behavior and the goods that are worth seeking. In fact, ethical issues

influence the decision that employees make daily. Some ethical issues involve factors that blur

the distinction between right and wrong.

From the Islamic context, the dimensions of ethics are numerous, far-reaching and

comprehensive. Ethical system in Islam derived from the teachings of the Quran and from the

Sunnah (i.e. recorded saying and behavior of Prophet Muhammad, peace be upon him). Islamic

ethics deals with all aspects of human life. It deals with relationships between man and

Allah,man and his fellowmen man and other elements and creatures of the universe, and man his

innermost self (Hanafi & Sallam, 1997).

Furthermore, Islam considers ethics as an offshoot of imam or a Muslim belief system,

and it emerges from the Islamic worldview of human life. In addition, Ethics is as our behavior.

Behavior is a set of Islamic moral values, which have been prescribed fundamentally in the

Quran and implemented by Prophet Muhammad (p.b.u.h) during his life.

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2.2 Religion of Islam

Between prefer him that Allah has bestowed on humankind and bestowed the innate

ability upon them to recognize and appreciate his presence. He placed the awareness deep in

their hearts, and normal behavior that has not changed since the first human beings as created.

Moreover, this act has been strength with the natural signs that he placed in the creatures, which

proved the existence. However, since it cannot be for a person to have a detailed knowledge of

God only by revelation of himself, God sent His messengers to teach people about the Creator

that they must worship. These messengers also brought with them the details of how to worship

God, and because such details cannot be known only by revelation. These foundations are the

most important things that all the messengers of divine revelation brought with them from God.

On this basis, all of divine revelation had the same noble goals, which are:

1. Emphasis on the oneness of God - the Almighty praised the Creator - in His essence and

attributes.

2. To emphasize that God alone should be worshiped, and that not being the other should be

worshiped along with him or without him.

3. To maintain human well-being, and opposition to corruption and evil. Thus, all

guarantees that faith and life, and why, property, birth, is part of human well-being,

which protects religion. On the other hand, anything that threatens these five needs of all

is a form of corruption, which opposes religion and prohibited.

4. To invite people to the highest level of virtue and moral values and noble customs and

traditions.

Ultimate objective of all divine messages was always the same: to guide people to God, to make

them aware of it, and have them worship Him alone. All divine messages came to strengthen this

meaning, the following words are repeated on the tongues of all the Apostles: "The worship of

God, you have no god other, and" This message was conveyed to humanity through the prophets

and messengers sent by God to every nation. Each of these messengers came with the same

letter, the message of Islam.

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All the heavenly messages came to make the lives of people willing to submit to God. For this

reason, they all share the name of "Islam", or "offer" is derived from the same word "peace", or

"peace" in Arabic. Islam, in this sense, is the religion of all the prophets, but why not sees

different forms of the religion of Allah if all emanated from the same source? The answer is

twofold.

The first reason is that because of the passage of time, because previous religions were not under

the protection of God’s heavenly, were subjected to much change and difference. As a result, we

believe that the basic facts that came from the other apostles, far different from one religion to

another, more pronounced as the doctrine of strict belief and worship of God and God alone.

The second reason for this difference is that God, in wisdom, and woe to endless eternity,

decreed that all divine religions before the final message of Islam brought by Muhammad, God's

mercy and blessings be upon him, be limited to a specific time frame. As a result, laws and

methodologies to deal with the specific circumstances of people who had been sent to the

address. (Wang, March, 2008)

Humanity has passed through several periods of guidance and misguidance, integrity, and

deviation, from the age of the most primitive to the heights of civilization. Divine guidance

accompanied humanity through all of this; always provide solutions and appropriate remedies.

This is the essence of the disparity that existed between the various religions. This difference did

not exceed the details of divine law. All semblance of law and to address the specific problems

of the people because it is intended. However, the areas of agreement were large and many, such

as principles of faith, and fundamental principles and objectives of the Divine Law, such as the

protection of religion and life, mind, wealth, descent, and the administration of justice in the

land, and some basic prohibitions, and some of the most important of these idolatry, adultery and

the murder and robbery, and perjury. In addition, they also agreed on the moral virtues such as

honesty, justice, kindness and compassion, chastity and righteousness and mercy. This principle,

as well as some other permanent and stable, but is the essence of all divine massages, and lining

them all. (Università Politecnica delle Marche – Dipartimento di Ingegnera Informatica, 2009)

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2.3 The Role of Business Ethics Today

Globalization should mean that all people are careful to include one family. All

human beings are supposed to be treated with admiration, equality, and fairness.

Utilization of one group by another should stop. There should not be any division

among people because of their race, nationality, gender, or faith.

The resources of the Earth are not only for us, we share this biosphere with other

species, and so we take care not to waste or destroy them.

We should use the Earth’s resources with great care and should remember that we

have a duty to leave this world in a better condition for the posterity.

Human beings are one family, although we have our differences. Diversity is natural

and beautiful. We should try to understand other people’s religions and cultures and

we should be sensitive to their feelings and emotions.

The universal golden rule states, “Like for others what you like for yourself.” We

should try to empower others and work to eradicate poverty, hunger, illiteracy,

disease, and unsanitary conditions in order to live in peace and tranquility.

The Prophet’s general advice to all people was, “What is lawful is clear and what is unlawful

is clear, but between them are certain doubtful things which many people do not recognize.

He who guards against the doubtful things keep his religion and his honour blameless, but he

who falls into doubtful things falls into what is unlawful, just as a shepherd who pastures his

flocks round a sanctuary will soon pasture them in it. Every king has a sanctuary, and God’s

sanctuary is the things he had declared unlawful” (Al-Bukhari)

2.4 prophet of Islam

We are as Muslims; we have to remain ethical standards, not only in business but also in

all aspects of life. Both business and ethics are interrelated. There is a reference to this point in

the Qur’an: For you in the Messenger of Allah is a fine example to follow (Al-Ahzab 33:21). It is

worthy stressing here that when Muslims stick to ethics in their daily lives, they will become

good examples to emulate. Perhaps this will help rectify some aspects of the distorted image

about Islam. Thus, they will to some extent become worthy ambassadors of their religion. We

have a lot of misunderstand, even from Muslims themselves.

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Prophet Muhammad (pbuh) was an ideal human being. He was the best teacher, preacher,

and guide; the best political leader, lawgiver, judge, diplomat, negotiator of treaties, and military

commander; the best family man, a good husband, a kind father, a good neighbor, and friend of

his people. He was also a very honest and successful businessperson. The Prophet was chosen by

Allah to be His last prophet at the age of 40. Before that, he was very much involved in business.

He was born in Makkah, frequented by caravans from Syria in the north and Yemen in the south.

The Prophet would join these caravans and that is how he traveled to Syria, Yemen, Bahrain, and

many other places in Arabia.

In commerce, our prophet had a good character as a hardworking, truthful

businessperson. It was due to this reputation that Khadijah, a wealthy businesswoman, hired him

to work for her business. Many people in Makkah had asked for her hand and worked for her, but

they cheated her and she was not satisfied with their work. Finally, she found Muhammad (he

was not a prophet at that time) and she asked him to work for her. He made several business trips.

She was impressed with his work as well as his impressive personality, so they later got married.

Therefore, all these things prepare our prophet to be proficient to understand the life and its

practice as well as behavior of people to be ready to receive Allah’s massage to lead all human.

3.0 Business Ethics from Islamic perspective

  Islam encourages work in general, and trade and commerce in particular, Prophet

Mohammad practiced and did this profession before he became a prophet. He was a successful

businessman. Know for integrity and Trustworthy. The Quran states: "God has made business

lawful for you”.

As Muslims, we must be ethical in all aspects of life. Islamic principles strongly focus the

observance of ethical and moral code in human behaviour, moral principles and codes of ethics

came from Quran. Islam has its own distinctive value-based ethical system for business dealings.

It determines many principles governing business: It enumerates the general ethical rules of

business conduct, identifies ethically desirable forms of business, and specifies the undesirable

modes of transactions. Islamic business is governed by principles including values such as

fairness, equality, and morality.  Islamic finance adopts a long-term partnership approach

between businesses. The ethical standards to which Islamic businesses operate reflect the same

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standards and principles of the Quran, which every Muslim must follow in every aspect of their

lives, so the Islamic businesses must operate on a basis of fairness and integrity, while also

treating everyone equally. In Islamic business there must be fairness and trust between people

which is very important for dealing with people. Business Ethics in Islam is based on tawhid, or

unity principle, which determines the relationship between God and man; man and man; and man

and society.

As Muslims in business and in our field of work, we should follow these principles:

Love God and his commands more than your trade or business, so as Muslims we

realize that we are just trustee for God.

Be honest and truthful with people because this is from Islamic principles: Honesty

incorporates the concepts of truthfulness and reliability and covers all aspects of

relationships in human life thought, word and action.

Keep secrets: spreading business secrets and giving information about business is

forbidden and each one must keep on the secrets of the other, this is found to remove

conflict and create love and faithfulness.

Be simple and patient in how you conduct your life and deal with others: you must be

kind with people and know that everyone is different about the other so you should

deal with them kindly to keep on yourself and on business.

Don’t deal with fraud because it refused in Islam.

Don’t bribe because this can lead to many problems.

Respect others: a person or organization cannot under self benefit measures takes an

action or start a business that will harm the community or environment more than

providing good to it.

 

According to the permanent message of the Qur’an and Sunnah, the message of Islam provides a

consistent foundation for ethical behavior to be inferred from for all times to come. It helps

people feel confident toward what is desirable and what is not desirable.

Business ethics has become the major topic discussed among different societies and

corporations. Every society evolves ethical and moral codes of conduct for business process.

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Islamic business declares the balance between monetary and spiritual profit. It also

support economic justice and enhances business harmony.

3.1 Business ethics in Islamic context

The principle objective of ethics has always been to produce morally upright individual with

good and acceptable behavior.

Prophet Muhammad was an ideal human being. He was the best teacher, guider the best

statesman, lawgiver, judge, negotiator of treaties, and military commander; the best family man,

a kind father, and he was successful business man because have was trusted and honest and owns

the good morals and ethics.

Impact of Islamic ethics on business Islamic ethics described by Quran and Sunna and affects on

the Muslims business by the following points:

lead to integrity

Prevent cheat and deceit.

Prevent corruption and abuse of power

Care about employees’ rights and concern with fair

Create initiatives and provide best quality.

Is consistent and help provide cooperation between businesspeople and the other

society.

3.2 Freedom and enterpriseIslam gives complete freedom to economic enterprise. Each individual in an

Islamic society enjoys complete freedom in the earning of his livelihood. He can start,

manage and organize any kind of business enterprise within the limits set by Islamic

Shari‘ah. Individual is free to choose his field of economic and peruse according to the

moral conduct and with respect to the Islamic law.

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3.3 Truth fullness in business transactions

Islam encourages truthfulness in business transactions and raises the status of a truthful merchant

so much so that he will be at par with the holy warriors and martyrs; the tradition implies that

Allah blesses business dealings if both the buyer and the seller are true to each other. Trust is a

moral virtue and duty imposed on a Muslim in the performance of his affairs. It demands

sincerity in work and purity of intention from every believer. Muslim must avoid fraud,

deception and any other cheat in selling and dealing with people.

3.4 Honoring and fulfilling Business Obligations

Islam attaches great importance to the fulfilment of contract and promises. Islamic teachings

require a Muslim trader to keep up his trusts, promises and contracts. The basic principles of

truth, honesty, integrity and trust are involved in all business dealings.

3.5 Cheating and Fraud in Business Transactions

The traders and businessmen generally have a tendency to motivate the customers by adopting

fraudulent business practices. Islam strongly condemns all such practices in business transactions

Messenger of Allah has commanded the believers not to indulge in cheating and fraudulent

practices in business transactions. Sale of dead animal, dubious and vague transactions,

manipulating the prices, selling the items belonging to a desert dweller

According to Islam, the following things must be avoided to commence fair business;

1- Be strict in regard to weights and measures don’t cheat and eat Haram.

2- Be honest: Honesty is a quality which a Muslim business person should develop and

practice in him.

3- Be fair and just. A Muslim business person has to be fair and just in all his Dealings. He

has to be fair with his employees; he has to give fair wages.

4- Be patient. Islamic business people should not get angry and should not be irritated.

5- Be humble Being humble is a great characteristic of Muslims. Business people

should be humble and down to Earth.

6- Be clean: The Prophet (peace and blessings be upon him) said: "Cleanliness invites

towards faith (Imam) and faith leads its possessor to paradise."

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7- Be friendly. Muslims should be friendly and united at all times. No discrimination exists

among Muslims, regardless of nationality, gender or color.

8- Do not bribe. The practice of all kinds of bribes is forbidden in Islam

Bribes are unethical. Bribes are used to influence decisions. The Islamic value system cannot

change with time or space because of the unchanging nature of the Islamic Shariah

3.6 What is prevented in Islamic business?

a. Producing , purchasing and selling of goods which are prevented by Islamic law like

alcohol and drugs .Also Islamic law prevent any kind of transaction including ,

uncertainty because it may take us to quarrel or levitation, Profit Mohammad prevented

any transaction involve un specifying quantity , acceptance of money .

b. Islam accepts in buying and selling of goods at normal trade in a reasonable and

acceptable cost, but prevents of making high prophet costs on interest account.

c. Interests: Islam prevent people to take or give interests , and this is a shared value of all

religions , Quran says “ go has permitted for you trade and prohibited interest “

d. Dealing in Prohibited (Haram) Items: Dealing in unlawful items such as interests and

investment in unlawful is strongly prohibited in Islam.

e. Sale of Al-Gharar (Uncertainty, Risks, Speculation): refers to the sale of a commodity

or   good which is not present at hand; or the sale of an article or good, the consequences

or outcome of which is not yet known; or a sale involving risks or hazards where one

does not know whether at all the commodity will later come into existence.

f. Al- Najsh (Trickery): The term Al-Najsh means an action in which a person offers a high

price for something, without intending to buy it, but just to cheat or defraud another

person who really means to buy it

g. Sellers must avoid making oaths during selling merchandise, Prophet Mohammad said”

Be careful of excessive oaths in a sale. Though it finds markets, it reduce abundance”

Prophet Mohammad practiced the business during last years in parts of Arabia and also

engaged in transaction of business, he was honest, kind in dealing and keeping for secrets, he

emphasized that the immoral rules and Islamic principles are very necessary for business

success.

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There is no basic conflict between good business practice and profit making in Islam.

Islam looks at profit as secondary way to measure efficiency and encourage work transaction.

When making Allah the goal, and implementing Islamic rules of honesty, truthfulness, and

good behavior with customers, Insha Allah, any Muslim business is bound to boom.

Islam introduces many business practices some of them are universal in nature and quite

similar to conventional ones. However, there are some which are different and unique: for

example, the principle of partnership and sharing of both profit and loss in Islamic lending.

Islam requires a proper balance between commercialism and humanitarianism, and between

profit and social responsibility.

4.0 The different between Ethics business in Islam and other religions The different cultures and religion had different ethics of business. Here we would like to

identify the difference between Islam and the other religion such as Christian, Jewish, and

Buddhist from the business perspective. Actually, Muslims were not the first to conceive the idea

of business ethics. Plato discussed justice in the republic and Aristotle explicitly discussed

economic relations, trade and commerce in his Politics.

4.1 Christian In Christianity, the basis of this theology is the Old Testament and the Testament.

Although this may be a general injunction to disinterested benevolence, it has also been read as a

condemnation of interest or usury. Jesus referenced this especially when one lends to another

believer, the idea being that, as a Christian with an eternal mindset, ultimately God is our

rewarded and lending to a fellow believer should be left to God to reward over collecting

nominal interest. However, there is also a Catholic tradition of business ethics, as seen in the

social doctrine of the Church, the organization Legatus, and the encyclicals Rerum Novarum and

Centesimus Annus. There are seven principles for Christian such as taking care of resources ,

greed and materialism , buying and selling goods , earning profit , money and financial resources

, attitudes of heart , and borrowing and lending.

4.2 Buddhist There is also a history of applying Buddhist principles to business. E. F. Schumacher

(best known for Small is Beautiful (1972), a Buddhist approach to economics) wrote Good Work

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in 1979 where he explored business ethics particularly from the perspective of employees.

Schumacher suggested a number of alternate approaches to conventional business, including the

example of a company (the Scott-Bader Corporation) where the owner transferred the shares of

the corporation into a trust, with instructions to the trustee that the company should be run to

benefit the employees. Other Buddhist texts emphasize the role that work can take in gaining

enlightenment - one of the elements of the Noble Eightfold Path set out by the Buddha is 'Right

Livelihood' which prohibits occupations associated with violence (such as arms dealing), but all

the elements (conduct, speech etc.) will apply to the daily .

4.3 Jewish The basis of all Jewish law is the Torah, here there are more commandments concerning

the Kashrus (fitness) of one's money than the Kashrus of. These laws are developed and

expanded upon in the Mishnah and the Talmud (particularly in Order Nezikin), and are then

delineated in the major.

From the jewish business ethics, If we look throughout the Torah, we will see a constant

position between the ritual commands of Judaism and the ethical obligations between one human

being and another. One verse may say, don't eat meat and milk and the other verse will say, do

not cheat, do not misrepresent, do not engage in fraud, because they are all part of the same

religious structure. The notion of a dichotomy between ritual behavior and social behavior is a

dichotomy that is totally foreign to Judaism because all of them are part of the same God-given

basis of morality.

We know that the Torah has 613 mitzvot. Of course, none of us can do all of them but

one of the mitzvot in the Torah is a mitzvah that says "Kedoshim Tiyu, be holy." The great

commentator, the Ramban, tells us that "Kedoshim Tiyu" is a requirement of a Jew not to just

obey the letter of the law but to obey the spirit of the law as well. Ramban posits that it is entirely

possible for a person to be observant, keeping all the mitzvot and yet in the famous immortal

phrase, he can be a "Naval B'rshut HaTorah" he can be a repulsive, disgusting individual within

the confines of the law. It is not enough just to obey the law. One must go beyond the law and

embrace the ethical imperatives that are within that legal structure.

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It is forbidden for a person to conduct himself with others with smooth and deceitful

words. And a person should not speak in one way and feel in his heart differently, but his inside

should be like the outside, so that that which is in his heart is that which is spoken. And it is

forbidden to steal the opinion of others and even the opinion of the gentile.

Similarly, It is forbidden to lie to people in transactions or to steal their opinion, and a gentile

and a Jew are equal in this matter. If a person knows that what he is selling is defective, he

should inform the purchaser. And even to steal the opinion of others with words is forbidden

Jewish business ethics is the arena where the ethereal transcendent teachings of holiness

and spirituality confront the often grubby business of making money and being engaged in the

rat race that often comprises the marketplace. It is the acid test of whether religion is truly

relevant or religion is simply relegated to an isolated sphere of human activity. It is business

ethics, one could posit, above all, that shows God co-exists in the world rather than God and

godliness being separate and apart.

4.4 Overview about differentiation For Islam, the basis of the laws is the Quran, and they are amplified in the Hadith.

Muslim wealth ethics include avoidance of the exploitation of people in need through lending

them money at interest (Riba) and prohibitions against advertising. Under Islamic law, if a

vendor sells an item by making false claims about it, the customer has the right to have the

transaction cancelled. For instance, Islam does not allow an entity to deal in alcohol, drugs,

gambling, gharar, pork, pornography, prostitution and (Riba). In jurisdictions where all or some

of these things are allowed, Muslims living there avoid them because Islam has prohibited these

trades.Islam have several principles of Islamic such as justice, truthfulness, benevolence,

sincerity, and trust. (Zahid Parvez & Pervaiz Ahmed, 2008)

There are a few major principles of fair business dealings according to Islam. No fraud or

deceit, the Prophet (Pbuh) is reported to have said when a sale is held, say, “There’s no cheating”

(Al-Bukhari). Sellers must avoid making too many oaths when selling merchandise. The Prophet

(Pbuh) is reported to have said, “Be careful of excessive oaths in a sale. Though it finds markets,

it reduces abundance. Mutual consent is necessary. The Prophet (Pbuh) is reported to have said,

“The sale is complete when the two parties involved depart with mutual consent” (Al-Bukhari).

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Be strict in regard to weights and measures. The Prophet (Pbuh) is reported to have said,

“When people cheat in weight and measures, their provision is cut off from them” (Al-

Muwatta). He told the owners of measures and weights, “You have been entrusted with affairs

over which some nations before you were destroyed” (Al-Tirmidhi).The Prophet forbade

monopolies. “Whoever monopolizes is a sinner” (Abu Dawud).Free enterprise, the price of the

commodities should not be fixed unless there is a situation of crisis or extreme necessity.

Hoarding merchandise in order to increase the prices is forbidden.

Transaction of haram items, such as intoxicants, is forbidden. The Prophet’s general

advice to all people was, “What is lawful is clear and what is unlawful is clear, but between them

are certain doubtful things which many people do not recognize. He who guards against the

doubtful things keep his religion and his honor blameless, but he who falls into doubtful things

falls into what is unlawful, just as a shepherd who pastures his flocks round a sanctuary will soon

pasture them in it. Every king has a sanctuary, and God’s sanctuary is the things he had declared

unlawful” (Al-Bukhari).

5.0 Examples of Islamic Ethics

After we know, what Islam is about and the different between Islam and other, we will

show you how Muslim practices this entire concept. So here, we will mention some example

from Quran and Hadith, before that let us to maintion what Quran and Hadith say about Business

Ethics.

5.1 Quran1. Those who live on usury will not rise up before Allah except like those who are driven to

madness by the touch of Satan. That is because they claim: "Trading is no different than

usury, but Allah has made trading lawful and usury unlawful. He who has received the

admonition from his Lord and has mended his way may keep his previous gains; Allah

will be his judge. Those who turn back (repeat this crime), they shall be the inmates of

hellfire wherein they will live forever. (AL-BAQARAH, 275)

2. My people! Give full measure and weight in all fairness. Do not defraud people of their

goods and do not spread mischief in the land. (HUD, 85)

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3. Taking of usury in spite of its prohibition, and cheating others of their properties - We

made many wholesome things unlawful which were formerly lawful for them. We have

prepared a painful punishment for those among them who reject faith. (AN-NISA, 161)

5.2 Hadith:1. The Prophet emphasized that honesty and kind dealings with customers are

the secrets of success in business. He said, “The truthful and honest

merchant is associated with the Prophets, the upright and the martyrs” (Al-

Tirmidhi).

2. Be strict in regard to weights and measures. The Prophet (pbuh) is reported to have said,

“When people cheat in weight and measures, their provision is cut off from them” (Al-

Muwatta). He told the owners of measures and weights, “You have been entrusted with

affairs over which some nations before you were destroyed” (Al-Tirmidhi)

5.3 Example Trade and commerce have always been a part of Islam. From pre-Islamic days, the Holy City

of Mecca has been the center of commercial activities. It was indeed the annual trading

center of Mecca that provided Prophet Mohammad the forum for preaching Islam.

The early Muslims were not only engaged in trade but they went to distant lands in

connection with business. Islam in fact reached East and West Africa, East Asia through the

business people.

Islam encourages work in general, and trade and commerce in particular, Prophet

Mohammad was himself engaged in this profession before he became a prophet. He was a

successful businessman. Known for integrity, he bore the honorific title, the Trustworthy,

The Quran states:

"God has made business lawful for you"

In addition, the Qur'an includes rules not only for manners and hygiene, marriage and

divorce, but it also lays down detailed rules for commerce and politics, interest and debts,

contracts and wills, and industry and finance. Islam has permitted and in fact encouraged

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business. Islam lays out the basic principles of our economic behavior as consumers,

producers and owners of wealth.

The Islamic principle in business is based on individual enterprise and correspondingly

individuals reward. It is basically based on benefiting the humanity while maintaining Gods

orders.

In business relationships Islam strictly forbids any discrimination between people based on

their religion, sex, or gender.

There is no basic conflict between good business practice and profit making in Islam. Islam

looks at profit as secondary way to measure efficiency.

6.0 Conclusions

There is no Ethics will be like Islamic Ethics, because it is clear and completely. The

Prophet’s general advice to all people was, “What is lawful is clear and what is unlawful is

clear, but between them are certain doubtful things which many people do not recognize. He

who guards against the doubtful things keep his religion and his honor blameless, but he who

falls into doubtful things falls into what is unlawful, just as a shepherd who pastures his

flocks round a sanctuary will soon pasture them in it. Every king has a sanctuary, and God’s

sanctuary is the things he had declared unlawful” (Al-Bukhari).

Muslims have golden Ethics but a lot of them do not know about that so, we should study

and practice it in real life to make us safety from torment in this fist life and last too. Os, our

assignment as whole Muslims is to understand and regard that and make whole people does

that too.

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REFERENCE

Awazu, K. C. (2005). Engaged Knowledge Management. Engagement with New Realities .

Dr. Rafik Issa Beekun , University of Nevada and Islamic Training Foundation

Mohd Zulkifli Muhammad, an Analysis of Islamic, University Malaysia Sabah,

November 01, 1996 international Institute of Islamic Thought

Paul Fergus, Anirach Mingkhwan, Madjid Merabti, Martin Hanneghan. (2007). Capturing Tacit

Knowledge in P2P Networks. Networked Appliances Laboratory , 7.

Università Politecnica delle Marche – Dipartimento di Ingegnera Informatica, G. e. (2009). The

Management Of Customer Reviews To Extract Useful Knowledge For Enterprise Strategic

Planning. The International Conference on Administration and Business , 212-220.

Wang, Y. (March, 2008). An Analysis on the Knowledge Workers’. International Journal of

Business and Management , 62-65.

Zahid Parvez & Pervaiz Ahmed, University of Wolverhampton, UK

Zahid Parvez & Pervaiz Ahmed. (2008). University of Wolverhampton, UK.

http:// www.lookstein.org (2010-2-10)

http://www.understandingislam.com (2010-2-10)

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