Ethics in Islam

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International Journal of Academic Research in Business and Social Sciences March 2012, Vol. 2, No. 3 ISSN: 2222-6990

Islamic Perception of Business Ethics and the Impact of Secular Thoughts on Islamic Business Ethics Muhammad Hashim
Lecturer Government College of Management Science, Peshawar, KPK-Pakistan

Abstract
The purpose of this paper is to exhibit the business ethics perception in Islam and to unveil the western secular values and thoughts regarding ethics. We have presented the various repeatedly verses from Holy Quran and teachings of the Prophet. But unfortunately the western dominancy on our systems with great extent effaced our core Islamic values, beliefs and idea regarding business and trade. The dominancy of their organism has occupied a vital rule in all the major activities in our system and we are constrained to follow. Especially Muslims are striving for much profit and they are ignoring the ethical standard of the business, what Islam prohibits and what permits they don’t care. Being Muslims we have to follow the rules and regulation for business dealings which stated by Islamic jurisprudence the business will sustain its image and will be able to survive. Keywords Business ethics, Islam, Perception, Western thoughts, Quran, Ahadith, Islamic jurisprudence.

1.

Introduction:

In today’s modern business each business enterprise is fettered to follow the ethical perspective of the business language because no business activity can be best managed and organized without knowing sound Islamic business ethics especially for Muslims. Because the holy Quran says “ Allah has made business legitimate for you” If a person knows about the wide range of issues which are confederated with all the function of marketing so then he/she can best manage the overall business with splendid ways. If we talk about ethics a clear picture comes to our mind about the behavioral aspect of the business person or mangers that how he is going to deal customer in best and suitable manner. If the sentiment of ethics is prevail in the 98 www.hrmars.com/journals

International Journal of Academic Research in Business and Social Sciences March 2012, Vol. 2, No. 3 ISSN: 2222-6990

mind of entrepreneur then surely he can never deceive the customer at all. Imprudent behavior in this regard may damage or collapse the overall business goodwill and reputation. The tradition of prophet (May peace be upon him) states “The Muslims are bound by their provisions or stipulations” ( Abu Daud, Hadith No:3120) about infielder and hypocrite who break down the promise the tradition of Holy prophet states thus “ the hypocrite is not a promise person if he makes promise he breaks it and if he makes compact, he act traitorously” (Bukhari,1 hadith No: 32) In country like ours we must follow the Islamic jurisprudence regarding business dealing and the way of conducting daily and routine business transactions. In this behalf we can follow the instructions and orders of Holy Quran and Ahadith2 of our prophet (sws). It is the great bounty of Fiege who revealed the Holy Quran for the direction of human beings with clear revelations over prophet Muhammad (sws) who is the incarnation for all human beings a concise lessons and glade tidings for those who believe on day of resurrection/dooms day, warning and wrath for those who belie all the clear sign or verses. It is unethical if some one makes stratagems or plots in daily routine business transaction with their customers using abuse language and showing despise then he is casting his self into darkness and plunge into astray. The great triumph and avert self from seditious or humiliation is to plain business dealings and good behavior with customers. Ancient people of prophet shuaib (A.S) were famous for unethical dealings and wrong measuring and weighing of goods. They were considering adulteration, feigning and dishonesty in business transaction their triumph and rejoice but they could not know...
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