Islamic law, also known as Shariah, provides detailed guidelines for financial transactions and business ethics, emphasizing fairness, transparency, and justice. Here are key principles:
*Financial Transactions:*
1. Prohibition of Riba (Interest): Islam forbids interest-based transactions.
2. Halal (Permissible) Income: Earnings must come from lawful sources.
3. Zakat (Charity): Wealthy individuals must give 2.5% of their assets to the needy.
4. Contracts: Must be clear, concise, and mutually agreed upon.
*Business Ethics:*
1. Honesty: Truthfulness in dealings and representations.
2. Fairness: Equitable treatment of all parties.
3. Transparency: Clear disclosure
Becachu mano Answered question November 22, 2024