Muslim Entrepreneurship Ethics
October 15th, 2010
These are some ethics mention in Ent/Etr300 – Fundamental of Islamic entrepreneurship :
- To prevent laziness
- To eradicate fear
- To search for legitimate ventures
- To avoid forbidden sources of income and property
- To show gratitude and thankfulness of whatever has been acquired
- To grow and develop capital and profit
- To diversify business ventures
- To avoid greediness
- To avoid malicious behavior
- To avoid squandering
- To avoid stinginess
- To pay alms (zakat)
- Trustworthy
- To pray consistently
- Tawakkal
- Patience
- Qana’ah
Principle of Business for Moslem :
- Love God and His commands more than your trade
- Be honest & truthful
- Keep one’s word
- Be humble in how you conduct your life
- Do not deal in fraud
- Do not bribe
- Deal justly
Example from Prophet Rasulullah S.A.W :
- Business is secondary when being called for other form of crusade
- Avoid using influence for self interest
- Afraid of accumulated wealth
- Leadership qualities in all aspects
- Practice moderate way of life
In Islamic Business, profit-making must always be balanced with the need to provide the consumers with efficient, reliable and courteous services, besides beneficial, good quality and reasonably priced goods.
Leave a Reply