Business Ethics in Islam: 1st Edition (Hardback) book cover

Business Ethics in Islam

1st Edition

By Hussain Mohi-ud-Din Qadri


240 pages

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Hardback: 9780367344917
pub: 2019-10-21
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Islamic Business Finance is based on strong ethical regulations as suggested by Islamic Literature, such as the Quran and the Traditions of the Prophet of Islam, and could be considered as a subclass of the wider subject of ethical standards in business. This book highlights the basic principles of Islamic Business ethics and their implication in today’s global business environment. It highlights the most important features of Islamic banking and finance in relation to the core principles of Shariah law. It is the most comprehensive book to date, in terms of the number of Quranic verses and traditions of the Prophet relating to this subject, which are interspersed throughout the text. It explains how ethics are defined both in general terms and within the context of an Islamic perspective. In addition, it provides a logical interpretation of Islamic principles of business ethics through the use of contemporary business case studies. Topics such as digital currencies, money laundering, etc. are discussed at length. This book also discusses the new and emerging ethical issues faced by business and industry globally.

This book will be a valuable reference guide for students, teachers and researchers of Islamic banking and finance.

Table of Contents

1. Islamic Economy and Its Main Characteristics 2. The key features of the Islamic Economic system 3. Reflections on Licit and Illicit Transactions 4. Sharī’ah Rules on Usury (riba) 5. Restriction for the Business Class 6. Seven highly destructive practices of traders 7. The legal status of contracts 8. The Islamic way of business and trade 9. Sharia rules on giving and receiving loans 10. Zakāt 11. Contemporary issues in Islamic business and trade 12. Islamic system of banking and finance

About the Author

Hussain Mohi-ud-Din Qadri, Ph.D., is Deputy Chairman of the Board of Governors of Minhaj University Lahore and Associate Professor at the School of Economics and Finance at MUL. He is also President of Minhaj-ul-Quran International, MQI; Chairman Minhaj Education Society (running 650 schools and colleges all over Pakistan); Chairman Aghosh Orphan Care Homes; Chairman Al-Mawakhat Islamic Microfinance and Chairman Minhaj Halal Certification Pakistan. He has also been affiliated with the University of Melbourne Australia as Honorary Fellow for many years. Dr. Hussain Qadri is an author of thirty books, writer of over fifty research articles and a reputed international speaker.

About the Series

Islamic Business and Finance Series

There is an increasing need for western politicians, financiers, bankers, and indeed the western business community in general to have access to high quality and authoritative texts on Islamic financial and business practices. Drawing on expertise from across the Islamic world, this new series will provide carefully chosen and focused monographs and collections, each authored/edited by an expert in their respective field all over the world.

The series will be pitched at a level to appeal to middle and senior management in both the western and the Islamic business communities. For the manager with a western background the series will provide detailed and up-to-date briefings on important topics; for the academics, postgraduates, business communities, manager with western and an Islamic background the series will provide a guide to best practice in business in Islamic communities around the world, including Muslim minorities in the west and majorities in the rest of the world.

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Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Banks & Banking
BUSINESS & ECONOMICS / Business Ethics
BUSINESS & ECONOMICS / Economics / Macroeconomics
BUSINESS & ECONOMICS / Economics / General
BUSINESS & ECONOMICS / International / Economics
BUSINESS & ECONOMICS / Industries / Financial Services
BUSINESS & ECONOMICS / Workplace Culture
BUSINESS & ECONOMICS / Islamic Banking & Finance