Islamic business ethics are guided by principles derived from core teachings of the Qur’an and Sunnah. These principles emphasise fairness, justice, honesty, and accountability in all business dealings. Some of these teachings are:
Hazrat Jabir ibn Abdillah y narrates that Nabi r said, “May Allah have mercy on a person who is easy-going when selling, when buying and when retrieving a debt.” (Bukhari, Ibn Majah)
Hazrat Abu Hurayrah t narrates that Nabi y said, “Verily Allah loves a person who is easy-going in selling, buying and paying a debt.” (Tirmizi, Hakim)
Hazrat Abdullah ibn Abbas y narrates that Nabi r said, “Be gentle in your approach when dealing, you will be dealt with kindly (by Allah).” (Musnad Ahmad)
Hazrat Jabir ibn Abdillah y narrates that Nabi r said, “Allah forgave a man from those before you who was magnanimous when selling, buying and retrieving a debt.” (Tirmizi, Musnad Ahmad)
The above Ahadith teach and encourage Muslims to be kind, gentle and magnanimous when trading. Demonstrating these attributes is a means of gaining mercy, kindness and forgiveness from Allah Ta'ala and even entry into Jannah. Such conduct will also bring immense Barakah in our earnings and serves as a means of inviting to Islam.
Islamic teachings also include valuing and investing in employees' well-being, including providing fair wages, opportunities for growth and development, and maintaining a safe and healthy work environment.
Good business practice adds value to our business. Let our businesses be a source and force for driving good and opening channels of opportunity in this world.
