Islam & Business

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...

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Bibliographic Details
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:
Online Access:Click Here to View Status and Holdings.
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520 # # |a 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. 
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