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BUSINESS ETHICS IN ISLAM (PART 2 OF 2): USURY AND OTHER PROHIBITED PRACTICES

What is Usury? Business ethics in Islam includes the prohibition of usury, or what Islam calls riba. Islam’s rejection of usury is absolute, and this alone is often used as an example of Islam’s so-called backwardness. However, as we shall see, usury and its prohibition is as appropriate today as it was when Islam confirmed God’s

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BUSINESS ETHICS IN ISLAM (PART 1 OF 2): BUYING AND SELLING

What is Business Ethics? Business ethics are generally accepted to be the set of moral values and corporate standards of conduct that exist in a business organization.  What this means varies from one organization to another.  In large companies, corporate lawyers define the business ethics of a company with specific interest in staying within the

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