CONTENTS

CONTENTS..................................................................................................................1

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

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 Honoring 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 ......................................................................................................... 13

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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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

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about Islam. Thus, they will to some extent become worthy ambassadors of their religion. We
have a lot of misunderstand, even from Muslims themselves.

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.

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

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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
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.

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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.
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 enterprise

Islam 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

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 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.

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.

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 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."

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

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 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.

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

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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
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
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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.

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)

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 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).

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 Quran
1. 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

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 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)
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

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 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
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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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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