As we saw, the ethical code of Islam is multidimensional, far reaching and comprehensive. Our effort in this paper has been to present the Islamic perspective concerning business ethics. *h�6�&���P���s�t�Y���ʬ��È���|E�����6�fFH��� ����>��Am�x��uY]��2��cX����I#�*'�Q5M�i��ldV����|=:B0MM����dՇGj4��+hi%YMU���U��'O�OgA��A G�E�D01���x��D���N`�. The Islamic sources are the only standards for identifying what is right and what is wrong. The findings of this paper, it can be as a discussion, it is because the Islamic Work Ethics has economic as well as moral and akhlaq dimensions. University of Engineering and Technology, Lahore, No public clipboards found for this slide. 9��ء��S9Y�S=i�鴘$�RQOv;���%i3y��|Z���!-��,y�V�v�"��T�I����V{"ծ���c*�d���+j$�|2«�*"�XS]�L��7���U�$#>�c�O�����T���0�Bʬ�G��eucְ� |�:�3]'����/������������Lx��R�&77��| � ��-�̳R����&l)��H~��S5��n�-���)�k}�N��CZ�@*���YHUfJEMe���O0���-��3B���"�N� �V:S���_)e�^���x�E�_g�0u�J�c��-��r���M��$��\�1�EE� See our Privacy Policy and User Agreement for details. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. If you continue browsing the site, you agree to the use of cookies on this website. Bribery “Bribery is the practice of offering a professional money or other favours in order to circumvent ethics in a variety of professions. 4 0 obj It prescribes certain specific guidelines governing business ethics, which are dictated primarily by the notion of halal (lawful or permitted) and haram (unlawful or prohibited) as per Islamic jurisprudence (fiqh). 3 0 obj <> Khalid I. Al-Dossaryunlimitedinspiration@gmail.comPresented By . accountability, commitment, somewhat missing from the Kuala Lumpur: Institut attitude, justice and fairness, prevailing understanding of Kefahaman Islam Malaysia proactiveness, kaizen, and other professionalism in the engineering (IKIM). Now customize the name of a clipboard to store your clips. from the various faith perspectives. land that is: Business Ethics in Islamic Context (from the Perspective of a Muslim Business Leader). 6. The study reveals that there is an evidence of ethics formulation depending on Islamic literature which constructs Islamic values for work. Therefore, entrepreneurs need to follow some rules and business ethics outlined in Islam not to fraud, abuse, and so on, which eventually led to the collapse of the Islamic economy and threaten the well-being of society. Why should we have professional code of Ethics? Accordingly, Islamic ethics or ‘ilm al-akhlaq is a science which deals with the ways to maintain virtues at their optimum level, i.e, to avoid wrongdoing and to do what is right and desirable [4]. But with the enactment of Law no. Islamic work ethics are classified under divine command theory that uses religion as the foundation in identifying ethics. The second Islamic Principle is fulfilling promises and contracts. The purpose of this paper is twofold: (1) to share the Islamic perspective on business ethics, little known in the west, which may stimulate further thinking and debate on the relationships between ethics and business, and (2) to provide some knowledge of Islamic philosophy in order to help managers do business in Muslim cultures. Islamic ethics is the ethical system formed by the teachings of the Quran and explained by the Prophet Muhammad through action and words. See our User Agreement and Privacy Policy. Description; Chapters; Supplementary; You have access to thisebook. We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. … Islamic ethical and moral codes thus create a sense of responsibility and accountability in the minds of the believers, be they buyers or sellers. 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