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Trade and commerce have always been a part
of Islam. From pre-Islamic days, the Holy City of Mecca has been the center of
commercial activities. It was indeed the annual trading center of Mecca that
provided Prophet Mohammad the forum for preaching Islam.
The early Muslims were not only engaged in trade but they went to distant lands
in connection with business. Islam in fact reached East and West Africa, East
Asia through the business people.
Islam encourages work in general, and trade and commerce in particular, Prophet
Mohammad was himself engaged in this profession before he became a prophet. He
was a successful businessman. Known for integrity, he bore the honorific title,
“the Trustworthy”, The Quran states:
"God has made business lawful for you"
In addition, the Qur'an includes rules not
only for manners and hygiene, marriage and divorce, but it also lays down
detailed rules for commerce and politics, interest and debts, contracts and
wills, and industry and finance. Islam has permitted and in fact encouraged
business. Islam lays out the basic principles of our economic behavior as
consumers, producers and owners of wealth.
The Islamic principle in business is based
on individual enterprise and correspondingly individual’s reward. It is
basically based on benefiting the humanity while maintaining God’s orders.
In business relationships Islam strictly forbids any discrimination between
people based on their religion, sex, or gender.
There is no basic conflict between good business practice and profit making in
Islam. Islam looks at profit as secondary way to measure efficiency. Business
Ethics in Islam
1. Trust: Trust of God's creation and all that is in it. God has
created and perfected the whole universe then Man is set over it all with
delegated. So as Muslims we realize that we are just trustee for God’s universe
and we truly do not owe anything in this life. That kind of belief along with
your knowledge that God sees all what you do, will make you work under constant
surveillance, and keeps your performance at its best while following God’s
defined conduct.
(Quran 45-13): And He has subjected to you, as from Him, all that is in the
heavens and on earth: behold, in that are Signs indeed for those who reflect.
(Quran 6:164): It is He who hath made you (His) agents, inheritors of the
earth: He hath raised you in ranks, some above others: that He may try you in
the gifts He hath given you: for thy Lord is quick in punishment: yet He is
indeed Oft-Forgiving, Most Merciful.
2. Justice and Honesty: Justice can be defined as just conduct,
fairness exercise of authority in maintenance of right and fair dealing between
each other regardless of faith is strictly laid down in Islam. Honesty
incorporates the concepts of truthfulness and reliability and covers all aspects
of relationships in human life thought, word and action. It is more than just
accuracy; it is an attitude with integrity.
(Quran 4:135): O ye who believe! Stand out firmly for justice, as witnesses
to Allah, even as against yourselves, or your parents, or your kin, and whether
it be (against) rich or poor: for Allah can best protect both. Follow not the
lusts (of your hearts), lest ye swerve, and if ye distort (justice) or decline
to do justice, verily Allah is well-acquainted with all that ye do.
(Quran 6:115): Perfected is the Word of thy Lord in truth and justice. There
is naught that can change His words. He is the Hearer, the Knower.
(Quran 11:85): O my people! Give full measure and full weight in justice, and
wrong not people in respect of their goods
“O you who have attained to faith! Do not devour one another’s possessions
wrongfully – not even by way of trade based on mutual agreement – and do not
destroy one another: for behold, God is indeed a dispenser of grace unto thee!
Oh ye who believe! Eat not up each other's property by unfair and dishonest
means." (4:29)
3. Mutual Respect: The third principle is mutual respect and
consideration for others is also inherent in the moral teachings of Islam.
The application of this has come to mean that self interest only has a place in
the community in as much as it takes into account the interests of others. So a
person or organization can not under self benefit measures takes an action or
start a business that will harm the community or environment more than providing
good to it. The prophet (PBUH) said: "You
will not attain righteousness, unless you give of that which you love”.
And said "God loves kindness when
you deal with any matter" And also said: "You will not enter Paradise until you
have faith and you will not have faith until you love one another".
What is forbidden in business in Islam?
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Islam has not permitted producing, selling and
purchasing of goods, which are prohibited in Islamic law. Alcohol, Drugs.. The
Prophet of Islam has said: "When God prohibits a thing He prohibits (giving
and receiving) the price of it as well."
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Islam has also prohibited any kind of transaction
involving uncertainty, as this could lead to quarrel or litigation. The
Prophet of Islam has forbidden transaction involving unspecified quantity,
acceptance of money for fish in the river or bird in the air as there is
element of uncertainty. Similarly the Prophet of Islam has prohibited sale of
fruit till they are ripened. However; if the element of uncertainty is very
small, the transactions are permissible.
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Islam condemns hoarding to make high profit at the
cost of public interest (when it is needed or so it will become needed).
Islam, however; allows normal trade - buying and selling of goods again and
again at a reasonable profit.
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Islam prohibits fraud in business dealings. The
Prophet has said: "Sell the good and bad separately. He who deceives is not of
us" The sin of fraud is greater if the seller supports it by swearing falsely.
The Prophet has said, "Swearing produces ready sale but blots out blessing".
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Islam prohibits buying or selling what’s legal if
we know that it will be used for illegal use: weapons, abortion drugs, drugs
for meth making, and so on.
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INTEREST: Muslims are not allowed to pay or
receive interest. This is a shared value in all religions. The Quran is
explicit about it and says, "God- has permitted for you trade and prohibited
interest" (2 : 275). The Bible says: “and lend, never despairing; and your
reward shall be great, and ye shall be sons of the Most High” Luke 6:35.
Depositors in an Islamic bank would be treated like shareholders, would receive
dividends when the bank makes a profit, and would lose capital when it suffers a
loss.
The prohibition or fixed interest flows from Islam's concern for
social justice Interest is said to reinforce a tendency for wealth to accumulate
in a few hands
So how would you by buy a house for example? A new trend has
recently started that work as follows: An Islamic financing company buys the
house. The house then is leased back to you for a fixed period of time. You pay
the finance group the rent value plus an additional amount for the house
purchase. The value or the lease home will be reassessed every year, and the
rent will be adjusted accordingly.
In Closing
To close let me reassure that it is the responsibility of every Muslim to be
ethical in their daily business practices and to act responsibly toward the
community in which it serves. To review its business practices and remove from
its organization any unlawful activities and devote themselves to productive and
lawful activities that benefit mankind.
It is everyone’s responsibility to take a long and serious look at their
organization and implement policies and procedures that are conducive.
As a general guide to Muslims in business we should adopt the following
overriding principals:
· Love God and his commands more than your trade or business
· Be honest and truthful
· Keep one’s word
· Be humble in how you conduct your life
· Do not deal in fraud
· Do not bribe
· Deal justly
Abdoulrahman Kattih
The Islamic Education And Services Institute
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