Islam;
Ethics
from the
Qu’ran
Kind Dealings
Major Principles of Fair Business
Dealings According to Islam
1. No Fraud or Deceit
2. Sellers must avoid too many oaths when
selling merchandise
3. Mutual consent is necessary
4. Be strict in regards to weights and
measures
5. The Prophet forbade Monopolies.
6. Free enterprise, the price of the
commodities should not be fixed.
7. Hoarding merchandise in order to
increase the price is forbidden
8. Transaction of haram items, such as
intoxicants, are forbidden
The Prophet general advice to
people:
Lawful Unlawful
Clear
Business People Role and Responsibilities:
1. Globalization should mean that all people are
considered to comprise one family.
2. The resources on Earth are not only for us.
3. We should use the Earth’s resources with great
care.
4. Human beings are one family.
5. The universal golden rule state “ like for others
what you like for yourself”.
Business People Role and Responsibilities:
Speaks:
truth & Speaks:
Describe: truth &
The defects Describe:
&qualities of The defects
goods &qualities of
goods
4. Proficiency
INTEGRITY
UNDERSTANDING
EXCELLENCE
UNITY
RESPONSIBILITY
BUDDHIS
M:
MAXIMS
FOR
BUSINES
BUDDHISM is an ancient philosophical system that
follows the teachings of the BUDDHA.