Islamic business ethics:
1. Halal income: Ensure lawful sources.
2. Fairness: No exploitation, deception.
3. Transparency: Clear agreements.
4. Honesty: Truthful dealings.
5. Trustworthiness: Reliable, accountable.
6. No usury (riba): Interest-free.
7. No gharar: Clear, defined terms.
8. No harm: Environmental, social responsibility.
Quranic verses and Hadiths:
– “O you who believe, fulfill your contracts.” (5:1)
– “The Prophet (PBUH) said, ‘A truthful merchant will be with martyrs.'” (Tirmidhi)
Business guidelines:
1. Seek Islamic knowledge.
2. Consult scholars.
3. Document agreements.
4. Avoid ambiguity.
5. Prioritize fairness.
6. Support Muslim businesses.
Recommended actions:
1. Study Islamic finance.
2. Join Islamic business networks.
3. Develop halal business plans.
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