Business Ethics in Islam

Cover
Half Title
Series Page
Title
Copyright
Contents
Foreword
Author's preface
1 Islamic economic system and its main characteristics
1.1 The importance of good intentions for traders
1.2 The significance of trade and commerce in Islam
1.3 The meaning of expressing gratitude to God
1.4 Islamic guidance in wealth acquisition
1.5 The means of sustenance in life
1.6 Turning to Divine guidance
1.7 A caution on earning money
2 The key features of the Islamic economic system
2.1 Positive aspects of sale and trade
2.2 Prohibitive aspects of sale and trade
3 Reflections on licit and illicit transactions
3.1 The basic principles for halal and ḥarām
3.2 Islamic guidelines on the slaughtering of animals
3.3 Licit businesses
3.4 Classification of prohibited business transactions
3.5 Unlawful things are that prohibited for everyone
3.6 Illicit businesses
4 Sharia rules on usury (ribā)
4.1 Prohibition of ribā in the Qur'ān
4.2 Prohibition of ribā in Hadith
4.3 Usury (ribā) and its kinds
5 Restrictions for the business class
5.1 Cheating
5.2 Oath-taking
5.3 Hoarding
5.4 Greed
5.5 Concealing defects of a commodity
5.6 Aiding and abetting evils
6 Seven highly destructive practices of traders
6.1 Worshipping others with Allah
6.2 Black magic
6.3 Murder
6.4 Ribā (usury)
6.5 Consuming orphans’ wealth
6.6 Fleeing from the battlefield
6.7 Slandering chaste, innocent, faithful women
6.8 The cure for deadly trading practices
7 The legal status of contracts
7.1 Mortgages
7.2 Insurance
7.3 Takaful: an alternative to conventional insurance
7.4 Charging a fee on signing a deal between the seller and the buyer
7.5 Offering a gift by way of intercession
8 The Islamic way of business and trade
8.1 Truthfulness
8.2 Honesty in dealings
8.3 Disclosing defects
8.4 Giving full weight and measure
8.5 Practising leniency
8.6 Prohibition of exploiting the ignorant
8.7 Restriction of the centralisation of wealth
8.8 Squandering resources
8.9 Proscription of money laundering
8.10 Receiving gifts in official capacity is bribery
8.11 The right to return purchased items
8.12 Pricing theory
8.13 Trust
8.14 Fulfilment of promises
8.15 Contentment
8.16 Altruism
8.17 Forgiving and overlooking
8.18 Unburdening the burdened
8.19 Conditions of a valid sale transaction
9 Sharia rules on giving and receiving loans
9.1 Documentation and witnesses for loan agreement
9.2 The excellent merit of granting loans
9.3 The etiquette of recovering a loan
9.4 Repayment of loans
9.5 Allowing delay to a penniless person
9.6 Return of the loan in a better way
9.7 Juristic conditions for contracting a loan
10 Zakāt
10.1 Importance of zakāt
10.2 Insufficiency of paying zakāt
10.3 Two kinds of zakāt
10.4 Benefits of zakāt
10.5 Who shall give zakāt?
10.6 Recipients of zakāt
10.7 Zakāt on unlawfully acquired resources
10.8 Rates of zakāt
10.9 Conditions for obligating zakāt
10.10 Types of wealth subject to the prescribed Alms
10.11 When must zakāt be paid on a commodity?
11 Contemporary issues in Islamic business and trade
11.1 Strategic planning: an Islamic perspective
11.2 Importance of strategic planning in businesses
11.3 The principles of marketing in Islam
12 Islamic system of banking and finance
12.1 The objectives of Islamic banks
12.2 Role of Islamic banks in economic development
12.3 Features of Islamic banking
12.4 Prospects of Islamic banking
12.5 A blueprint for an interest-free economic system
12.6 Conclusion
Glossary
Bibliography
Index