 Set of moral principles that distinguish

what is right from what is wrong.

 Evaluates human practices.

 Prescriptive advice on how to act morally.

 Branch of ethics that examines ethical rules and
principles within a commercial context.
 Islam places the highest emphasis on ethical values
in all aspects of human life.

 In Islam, ethics governs all aspects of life.

 The Prophet (P.B.U.H) said:

"I have been sent for the purpose of perfecting

good morals."
HONESTY:

 Secret of success in business.

 Islam encourages truthfulness in business

transactions and raises the status of a truthful
merchant.

 Allah blesses business dealings if both the buyer and

the seller are true to each other.
“HONESTY IS THE ONLY POLICY”
Trust is a moral virtue and duty incumbent on a
Muslim in the performance of his affairs.

 It demands sincerity in work, avoid fraud, deception,

and other dubious means in selling his merchandise.
 Treat people equally.
 Traders should moderate
in all things without profitable side party.
 fair or equal treatment of all our customers.
 consider fair and unbiased and gives the right to
the right.
Islam puts certain conditions and restrictions to
obviate the chances of bitterness between the
employer and employees.

Fair wages on time.

good working conditions.
suitable work and excellent brotherly treatment
should be provided to the workers.
what Islam allow:
 seller has right to place Profit as much he
wants but when there is alternative.

 If there is monopoly in some product then

the profit margin need to be small.

what ethics says:

 In any situation your profit margin
should not be double than your cost.
 Bribery. (Al-Baqarah: 188)
 Usurping others’ property. (Al-Baqarah: 188)
 Fraud. (Al-Imran: 161)
 Stealing and Robbery. (Al-Maida: 38)
 Income from sources of vulgarity. (Al-Noor: 19)
 Gambling. (Al-Maida: 90)
 Wine and its business. (Al-Maida: 90)
 Interest. (Al-Baqarah: 275)
 Hoarding of foodstuff.
WHY ISLAM PROHIBITS SUCH TYPE OF BUSINESS ?

Islam prohibits certain type of business due to the

“concern to protect health and life”
(Zinkin 2005).
The Prophet said:

“ A truthful and trustworthy merchant

is associated with the prophets. ”

(Al-Tirmidhi, Hadith 50)