Islam & Business

• Main Author: Nik Mohamed Affandi Nik Yusoff author
• Other Authors: Ismail Noor (Editor)
• Format: Book
• Language: English
• Published: Subang Jaya Pelanduk Publications (M) Sdn Bhd 2002
• Series: Islam dan Business
• Subjects: Business > Religious aspects > Islam; Islam and economics
• Online Access: Click Here to View Status and Holdings.

 Islam offers alternative business practices and perspectives, many of which are universal in nature and quite similiar to conventional ones. However, there are some which are different and unique: for example, the principle of partnership and sharing of both profit and loss in Islamic lending. Islam requires a proper balance between commercialism and humanitarianism, and between profit and social responsibility. This balanced approach offers a ready solution to serious current problems of profiteering, consumer exploitation, irresponsible corporate governance, and environmental degradation, Islamic business practices maximize all the positive aspects of business: examples include honest business conduct, reasonable profit, fair competition, and high standard of service culture. Islamic business practices ensure a proper balance between monetary and spirtual profit. It also strengthens economic justice and enhances business harmony.