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2 A person can earn money by two means; one is
agriculture and the other is business. If business is not done
according to the ethics then there will always be inflation and
shortage of goods. As it can be seen in the case of many
commodities like wheat, sugar etc. It is due to the stocking in,
speculation and the selfishness of some businessmen. The
government has also become a trader itself, while the shariah
has stopped the Islamic government from trading.
2As it can be seen that business is an important part of life, the
Prophet Muhammad (P.B.U.H) said, "People get 9/10 of their
daily bread by trade." Islam explains the concept of righteous
trade by telling business ethics.
2 Allah says in the Quran, "they say that buying is
also like interest but Allah has declared buying as
permissible and interest as forbidden." And
"When you buy or sell then make someone a
witness of it."
2 The Holy Prophet Muhammad (P.B.U.H)
encouraged the trust worthy traders by these
words, "A trustworthy and truthful merchant
shall be with the prophets and the truthful and
the martyrs and the righteous µ.
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2 Prophet Muhammad was chosen by God to be His last
prophet and messenger at the age of 40. Before that he
was very much involved in business. He and his wife
Khadija were both merchants. It is reported that he
traveled to Syria, Yemen, Bahrain, and many other
places in Arabia for trade. Some historians have also
suggested that he probably traveled to Iraq and
Ethiopia. From his early age, he was involved in
commerce. He had a good reputation as a hardworking,
honest, truthful, and very successful businessman.
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2 The Holy Qur'an and Prophet Mohammad (PBUH) have
made it clear that a Muslim must be honest and upright in
his business and monetary dealing. Also the true Muslim
should keep his word and fulfill his promises, shun fraud
and avoid deceit and perfidy, encroach not upon the rights
of others, nor take part in wrongful litigation.
2 The Qur'an is rich with verses that confirm all this. Allah
says in the Quran, "Eat not up each other's property by
unfair and dishonest means.³
2 Allah urges Muslims to be very particular about their trusts
and about other people's rights. "Allah does command you
to render back your trust, to those to whom they are due."
1. No fraud or deceit
2. Sellers must avoid making too many oaths when selling
merchandise.
3. Mutual consent is necessary
4. Be strict in regard to weights and measures
5. The Prophet (P.B.U.H) forbade monopolies
6. Hoarding merchandise in order to increase the prices is
forbidden.
7. Transaction of forbidden (Haram
(Haram)) items, such as
intoxicants, is forbidden
Fraud and dishonesty in business