Journal of Contemporary Issues in Business Research

ISSN 2305-8277
Comparative Analysis of Business Ethics in Islamic and Economic Perspective
Comparative Analysis of Business Ethics in Islamic and Economic Perspective
Mohammad Iqbal Malik1 and Nazir Ul Islam Bhat, 2
Author Affiliations
  • 1Department of Religious Studies, Punjabi University, Patiala
  • 2 Centre of Central Asian Studies, University of Kashmir, Srinagar

  • Abstract

    Economic development of a nation is the result of proliferated business ethical dogmas and disciplines. Islamic teachings provide clear guidelines in this regard, as Such as mutual understanding, honesty and ethics possess central place. These teachings not only prohibit from amalgamation, black-marketing, hoarding and deception but also direct to treat a customer amiably. Business ethics are broad Islamic due to the high moral values. One can estimate the importance of business ethics in Islam for economic development in Islamic society it is evident by the Hadith of Prophet Muhammad (PBUH) in which He excluded a trader from Muslim community who did not behave in good manner with his clients. In this study we present impact of business ethics on economic development of a Muslim society. This study is based on basic teachings of Quran, Sunnah, Fiqh and Economics. This study explores the behavior of Muslim traders and reveals useful inferences. Policy makers, traders, academicians, scholars and general get benefited from this study with respect to business ethics in Islamic perspective.

    Keywords
    Business Ethics; Islamic; Economic; Perspective; Muslim Traders.

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    First published online before print: 2015
    Vol. 4, No. 3, 2015, pp. 79-85
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