Business in Islam Principal Islamic business ethics:

Honest, Trustworthy, that's right, just.

Islamic business ethics in general: love, respect, tolerance, etc..

Principles of Islamic business: Avoid illegal, riba, gharar and maisir.

Claims correct weights and measures

Prohibition monopoly and speculation

Prohibition accumulation of wealth The rights of the public in business

The conversion process of goods or services in order to meet the needs of the world and life hereafter.

Business is an activity / process / tools that help each other to meet the needs of life (dhoruriyyat, hajiyyat, tahsiniyyat / kamaliyyat) in order to please Allah S.W.T.

Business revenue/profit is a reward and it is not the primary goal of business. The ultimate goal is to achieve the pleasure of Allah S.W.T.

The Prophet and his followers have also been involved in the business, i.e. Khadijah is a successful trader.

90% of the source of income comes from business/trade.

A true and honest dealer will enter the paradise, in the Hereafter, with the righteous people, the martyrs, and prophets.

Islam also spread through business activities, i.e. Malaysia, Indonesia, Brunei... etc.

Many Quranic verses related to business.

9. Wahai orang-orang yang beriman! Apabila diseru untuk melaksanakan shalat pada hari Jum'at, maka segeralah kamu mengingat Allah dan tinggalkanlah jual beli. Yang demikian itu lebih baik bagimu jika kamu mengetahui.10. Apabila shalat telah dilaksanakan, maka bertebaranlah kamu di bumi; carilah karunia Allah dan ingatlah Allah banyak-banyak agar kamu beruntung.11. Dan apabila mereka melihat perdagangan atau permainan, mereka segera menuju kepadanya dan mereka tinggalkan engkau (Muhammad) sedang berdiri (berkhutbah). Katakanlah, "Apa yang di sisi Allah lebih baik daripada permainan dan perdagangan,” dan Allah pemberi rezeki yang terbaik

(Surah Jumuah : 9-11)

Ethical Principals in business:

Honest, Trustworthy, that's right,

just.

Ethical Principals In Business

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

Allah blesses business dealings if both the buyer and the seller are true to each other. Telling lies and hiding facts will result in the loss of divine blessing

The Prophet (saw) has also urged the believers to strictly obey to truthfulness in business transactions. He says:

“The seller and the buyer have the right to keep or return the goods as long as they have not parted or till they part; and if both the parties spoke the truth and described the defects and qualities [of the goods], then they would be blessed in their transaction, and if they told lies or hid something, then the blessings of their transaction would be lost.” (Bukhari, No: 1937)

Trust is a moral virtue and duty incumbent on a Muslim in the performance of his affairs. It demands sincerity in work and purity of intention from every believer.

avoid fraud, deception, and other dubious means in selling his merchandise. The sense of mutual trust demands that the pros and cons of commodity be revealed to the buyer so that he purchases the commodity in full satisfaction.

Says the Holy Qur’an:O you believers! Do not betray Allah and the Messenger, nor knowingly, betray your trusts. (8:27)

Treat people equally – fairness traders should be moderation in all things without

profitable side party, fair or equal treatment of all our customers, consider fair and unbiased.

represents moral rectitude and fairness, since it means things should be where they belong

“God commands justice and fair dealing...”

The Prophet is also reported to have said : “The wages of the labourers must be paid to him before the sweat dries upon his body.” (Ibn Majah, No: 2434)

“And approach not the property of the orphan except in the fairest way, until he [or she] attains the age of full strength, and give measurement and weight with justice…” ( Surah Al – An’am , 152 )

LOVE RESPECT TOLERANCE

SINCERE

NO ILLEGAL, RIBA, GHARAR MAISIR

CORRECT WEIGHTS & MEASURES

NO MONOPOLY & SPECULATION

NO ACCUMULATION OF WEALTH

THE RIGHTS OF THE PUBLIC IN BUSINESS