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, while keeping in view thethrough the use of contemporary business practices. 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
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.