Business Ethics in Islam

Hussain Qadri

Paperback, 276 pages

9780367776794

Islamic Business Finance is based on strong ethical regulations as suggested by Islamic Literature, such as the Quran and the Traditions of the Prophet of Islam, and could be considered as a subclass of the wider subject of ethical standards in business. This book highlights the basic principles of Islamic Business ethics and their implication in today’s global business environment. It highlights the most important features of Islamic banking and finance in relation to the core principles of Shariah law. It is the most comprehensive book to date, in terms of the number of Quranic verses and traditions of the Prophet relating to this subject, which are interspersed throughout the text. It explains how ethics are defined both in general terms and within the context of an Islamic perspective. In addition, it provides a logical interpretation of Islamic principles of business ethics, while keeping in view thethrough the use of contemporary business practices. Topics such as digital currencies, money laundering, etc. are discussed at length. This book also discusses the new and emerging ethical issues faced by business and industry globally.

Contents

1. Islamic Economy and Its Main Characteristics

2. The key features of the Islamic Economic system

3. Reflections on Licit and Illicit Transactions

4. Sharī’ah Rules on Usury (riba)

5. Restriction for the Business Class

6. Seven highly destructive practices of traders

7. The legal status of contracts

8. The Islamic way of business and trade

9. Sharia rules on giving and receiving loans

10. Zakāt

11. Contemporary issues in Islamic business and trade

12. Islamic system of banking and finance