Business ethics in Islamic perspective.

1. M.TALHA KHAN
https://www.facebook.com/talha.khan.522066?fref=ufi
TOPIC:

2.  Set of moral principles that
distinguish what is right from
what is wrong.
 Evaluates human practices.
 Prescriptive advice on how to act morally.

3.  Branch of ethics that examines ethical rules and
principles within a commercial context.

4.  Islam places the highest emphasis on ethical values
in all aspects of human life.
 In Islam, ethics governs all aspects of life.
 The Prophet (P.B.U.H) said:
"I have been sent for the purpose of perfecting
good morals."

5. HONESTY:
 Secret of success in business.
 Islam encourages truthfulness in business
transactions and raises the status of a truthful
merchant.
 Allah blesses business dealings if both the buyer and
the seller are true to each other.

6. “HONESTY IS THE ONLY POLICY”

7.  Trust is a moral virtue and duty incumbent on a
Muslim in the performance of his affairs.
 It demands sincerity in work, avoid fraud, deception,
and other dubious means in selling his merchandise.

8.  Treat people equally.
 Traders should moderate
in all things without profitable side party.
 fair or equal treatment of all our customers.
 consider fair and unbiased and gives the right to
the right.

9. Islam puts certain conditions and restrictions to
obviate the chances of bitterness between the
employer and employees.
 Fair wages on time.
 good working conditions.
 suitable work and excellent brotherly treatment
should be provided to the workers.

10.  seller has right to place Profit as much he
wants but when there is alternative.
 If there is monopoly in some product then
the profit margin need to be small.
what Islam allow:
what ethics says:
 In any situation your profit margin
should not be double than your cost.

11.  Bribery. (Al-Baqarah: 188)
 Usurping others’ property. (Al-Baqarah: 188)
 Fraud. (Al-Imran: 161)
 Stealing and Robbery. (Al-Maida: 38)
 Income from sources of vulgarity. (Al-Noor: 19)
 Gambling. (Al-Maida: 90)
 Wine and its business. (Al-Maida: 90)
 Interest. (Al-Baqarah: 275)
 Hoarding of foodstuff.

12. Islam prohibits certain type of business due to the
“concern to protect health and life”
(Zinkin 2005).
WHY ISLAM PROHIBITS SUCH TYPE OF BUSINESS ?

13. The Prophet said:
“A truthful and trustworthy merchant is
associated with the prophets.”
(Al-Tirmidhi, Hadith 50)