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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.

Would you like more information on Islamic business ethics or finance resources?

M Zeeshan Answered question November 22, 2024
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