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Institute of Business Administration

Riba

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Full-Text Articles in Islamic Studies

Business Management And Ethics: An Islamic Approach, M. M. Maishanu, Ahmad Maigari Dutsin-Ma Jul 2012

Business Management And Ethics: An Islamic Approach, M. M. Maishanu, Ahmad Maigari Dutsin-Ma

Business Review

This paper explores the relationships between business management and ethics in Islam. The paper’s central theme is that business management is not separate from ethics; the latter reinforces the former. In Islam, mundane and spiritual pursuits are complementary as such mundane activities are not left to chance but guided by sharia to enhance the chances of spiritual salvation. To establish this, the paper largely relies on the Holy Quran and Hadith and other complementary sources of data. Istikhlaf (vicegerency), Tauhid (Oneness and Uniqueness of Allah) and ukhuwah (Brotherhood) are regarded as the main guiding concepts or precepts behind activities which …