ISLAMIC BUSINESS ETHICS by Dr. Rafik Issa Beekun University of Nevada and Islamic Training Foundation November 01‚ 1996 Copyright © 1996‚ International Institute of Islamic Thought PO Box 669‚ Herndon‚ VA 20170 (703) 471-1133 Please do not reproduce or translate in any manner without the written permission of the International Institute of Islamic Thought Islamic Business Ethics Table of Contents DEFINING ETHICS FACTORS INFLUENCING ETHICAL BEHAVIOR IN ISLAM LEGAL INTERPRETATIONS
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Topic: What are the advantages and disadvantages to the business face when they try to behave in an ethical way? With the development of the global economy‚ business companies are facing many business challenges in the age full of competition. And business challenges will produce some different values‚ such as child labor‚ human rights‚ hours and wages and environmental laws (Luminita and Constantin‚2006). Therefore‚ business companies need to pay more attention to the business ethics. What
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Sustainability performance is the effect of corporate activity on the social‚ environmental‚ and economic fabric of society. A balance between economic progress‚ social responsibility‚ and environmental protection‚ sometimes referred to as the triple bottom line‚ can lead to competitive advantage. The evaluation of social‚ economic‚ and environmental impacts of organizational actions is necessary to make effective operational and capital investment decisions that positively impact organizational
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Course: Business Ethics Questions: Why are authors criticizing business schools? Do you agree or not agree their views? Why? They are criticizing business schools(specially top business schools) because authors think that they do not give enough importance to ethics and they haven’t changed themselves for a long time. Instead of teaching ethics in business‚ they say that these schools teach only “How to become successful business/finance person?” to potential leaders. They claim that ethics
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for Business Ethics Assignment 1 1.1 Explain the background and development of theoretical ethical approaches 1.2 Compare and contrast absolute and relative ethics 1.3 Explain the ethical issues which can affect the operational activities of a business Show that you understand the foundations of ethics (think Kant and Mill and other early ethical theorists)‚ also that you understand about how ethics has developed from these. Show that you understand how absolute ethics and
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Challenging the Social Norm. “Story Of An Hour” by Kate Chopin is a telling story about a woman‚ Mrs. Mallard‚ who’s given the horrible news that her husband has passed away in a train wreck. Devastated by her husband’s sudden death‚ she excuses herself and immediately rushes to her bedroom; this is where readers see a different side of Mrs. Mallard. In time she has taken on a different angle of life. Although obviously upset about her husband’s sudden death‚ Mrs.Mallard has something to be happy
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backgrounds‚ and how they affect their endeavors in the new world‚ which is‚ America. To speak of the immigrants first‚ Ashoke and Ashima’s romance is one whose initiation has no place for individual choice. It is a classic arranged marriage‚ determined by cultural norms of India‚ such as astrological consultation and socio-economic matching. It is a predetermined path‚ but with a stroke of luck they seem to be instantly attracted to each other. There is an unspoken cultural norm in the country that
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pressures of social norms. In the public services compliance with common practices is following a particular course of action which is the social norm. It can be seen when the police are dealing with suspects as the suspect is innocent until proven guilty and the law should not be taken upon in one person’s hands. Social Norms can be as common as being polite by saying sorry in certain situations. But the norms of the public services can be seen as members taking account of the social norms or implementing
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Checkpoint: Business Ethics and Globalization Describe at least three ethical issues resulting from globalization. Explain the ethical risks and consequences associated with global business. First we need to take a look at what globalization is before we can dive into what the ethical issues surrounding it is. Globalization is a process of interaction and integration among the people‚ companies‚ and governments of different nations‚ a process driven by international trade and
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When conducting a business proposition whether locally or in another country ethics will always have an impact on the decision to be made‚ ethics makes up the majority of how individuals feel about whether or not they are willing to accept or reject the decisions to do business. As we discuss the ethical perspectives or business ethics of a foreign country it will show how and what is the difference. The two countries that will be discussed in this paper is China and Mexico as we look at the different
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