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Topic 4
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perceives debts
unethically.
as
major
reason
why
individuals
behave
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zakah, thus any human exploitation at any level, in any shape &
under any circumstances is anti-Islamic and must be ended.
In general, Islam agrees with all the principles of the distributive
justice approach to ethics, but in a balanced manner as Islam does
not endorse blind justice.
Islam viewpoints on Eternal Law
Eternal law refers to other scripture or nature to be used as a
guideline in making the ethical decisions. Some of the philosophers
believe that by studying either the scripture or nature, man will
become ethically aware. However, Islam suggests that Muslim have
to study both items simultaneously.
Seven distinct of Islamic Ethical System:
i.
ii.
iii.
iv.
v.
vi.
vii.
Unity
Equilibrium
Free Will
Responsibility
Benevolence
Unity
This axiom is related to the concept of tawhid. The political economic,
social & religious aspects of mans life form a homogeneous whole
(economic, political, religious & social), which is consistent from
Business Ethics/ MGT 3533
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iii. Islam rejects the principles of laissez faire and the western
reliance on the concept of the Invisible Hand.
Responsibility
Islam perceives that humans need to be accountable for his actions.
Islam also draws a distinction between fard al ayn and fard al
kifayah.
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