As such, It is useful to begin with an exposition of Islam’s conception of Allah. Statement Regarding Honoring the Bodies of the Deceased And Avoiding Cremation, Copyright 2021, The Fiqh Council of North America - All Rights Reserved, To believe in the One and Only True God (Allah) as the sole Creator, Sustainer and Cherisher of the universe. “Allah loves, when one of you is doing something, that he/she do it in the most 34. These applications are examined in the framework that is familiar to most readers, especially those with background in economics and business; production, consumption and distribution.21. This rule applies to the immediate reward in this life as well as the deferred reward in the hereafter. Not but for just end, and for a term appointed, did Allah create the heavens and the earth, and all between them. Tawheed is an Arabic term, which has often been translated into English as “monotheism”; the belief in One God, as opposed to dualism, Polytheism or Atheism. 19. Yet, the main beneficiary of these bounties is the human. 8, Hadeeth # 26, P.41. Now days it is very common practice that people and big companies lie for sailing their products or services. And you have a sense of pride and beauty in them as you drive them home in the evening and as you lead them forth to pasture in the morning. Likewise, one’s attitudes toward ecology are the prudent use of the infinite time scale and the loftiest objective, to reach for Allah. To believe in the unity of the essence and attributes of Allah, which are all attributes of absolute perfection. The attributes of property in the Qur’an vary depending on the related context. As production of goods and services or any “value added” is part of one’s His teachings complete and culminate all earlier forms of revelation.5, Unity of the human race, created by Allah and descendants of the same Parents. 28. Those who celebrate the praises of Allah standing, sitting and lying down on their sides and contemplate the (wonders of) creation in the heavens and the earth (with thought): ‘Our Lord! It affirms that Allah has established the human race on earth and for him/her means of livelihood [7:10]. 7, Hadeeth # 3876, p.37. 26. This chain, according to the Qur’an was completed and culminated with the advent of the last messenger Muhammad (P). 13. Not for naught have you created (all) this! ❋   Using one’s partners’ shyness to one’s advantage—and thus not giving them their dues. Islamic teachings strongly stress the observance of ethical and moral code in human behaviour. Glory to thee! https://www.aljumuah.com/the-islamic-code-of-business-ethics Permissibility of lawful trade : The Qur’an explicitly states that trade in itself is permissible, Prohibition of trading in “unlawful” items, Refraining from hiding any known defect in an item offered for sale. And they carry their heavy loads to lands that you could not (otherwise) reach except with souls distressed: for your Lord is indeed Most Kind, Most Merciful. Indeed, He [Allah] likes not those who commit excesses” [Qur’an, 7:31], “ O believers, do not prohibit the good things that Allah has made lawful to you and do not transgress. In fact, the restrictions on the pilgrim not to hunt an animal for food or even pluck a tree leaf is a form of training on how to live in harmony with all the creation of Allah. While acts of pure worship, constitute essential pillars of Islam, both primary sources of Islam, the Qur’an and Hadeeth indicate that that they are not always meant for themselves as mere rituals. Prophet Muhammad [p] included several categories of spending in one Hadeeth; spending in the Way of Allah [for the defense and security of the community], to help set a slave free, to give to the needy and to support one’s own family. In fact, unbiased and correct knowledge leads to piety. Life is seen as an integrated and interrelated whole. Ah! This is based on the instruction of the Prophet : 1. to find out the going or offered price for their products] before an offer is made to them. Allowing the maximum possible “information” about the going prices of good to be disseminated so as to allow the seller to get the best and fairest price for his goods. These principles have, as a reference, the decisions and fatawa (legal verdicts) issued by the jurisprudence academies relating to contemporary issues. It is probably the inculcation of the attitude of working on the basis of a longer scale of time, consideration of future generations, and above all the anticipation of Divine reward. Even the highly structured rituals of pilgrimage to Makkah are tied to good moral behavior [2:197]. Those who conduct business can… As Muslims, we have to adhere to ethical standards, not only in business but also in all Both business and ethics are interrelated. This mechanism is founded on the person’s realization that Allah knows the manifest and the hidden and will hold all accountable for their deeds. For example, intoxicants do not fall within the scope of “goods” as an economist would consider them. Saunders Co., Jeddah, 1983, Maurice Bucaille, The Bible, The Qur’an and Science, American Trust Publications, Indianapolis, IN, 1978 and Muhammad A. Al-Barr, Khalq Al-Insan Baynal Tibb Wal Qur’an [in Arabic], Third Edition, Al-Dar Al-Saudiyyah, Jeddah, 1981. 14. Knowledge in itself is neither a threat to faith nor is it inconsistent with piety and fear of Allah. “But seek with the (wealth) which Allah has bestowed on thee, the Home of the Hereafter, Prophet Muhammad was even more explicit when he negated the quality of faith from a dishonest person even if he/she claims to be a “believer” This also includes the consideration of public interest as in the case of necessary expropriation of property deemed to be in public interest, such as the construction of public highways or other public facilities, provided that a just compensation is paid to the owner It is true that reason alone is insufficient to understand all the mysteries of creation. It is that challenge which qualifies the human race as the Khalifah (trustee) of Allah on earth. Worship of Allah is not mere formalism. Individual opinions are not to be considered if they contradict those of the Muslim scholars or those of the jurisprudence academies. 3, Hadeeth # 3485, P. 279. Growingly, new methods of using usury are knocking on our doors and we have got to acquire the knowledge to grasp the roots of those essential values dug deep by Islamic law. Unity of the basic Divine message to mankind which was communicated in various revelatory forms. But if they give by measure or by weight [as sellers], they cause loss [to others by giving less than due]. A topic like business ethics is an integral part of the normative religious practice. Tawheed also means belief in the absolute perfection of Divine Attributes, one of which is perfect knowledge, even of the most secret thoughts of the heart. Hence, production is restricted by the following conditions: Whatever arrangement made with one’s “brother”, the message of this With a continuous purification of your earnings through charity, seeking Allah ’ s forgiveness repentance! Jamal A., “ the earth and for him/her means of human endeavors on earth people in that. 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