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Terms associated with right-doing in Islam include: Akhlaq (Arabic: أخلاق) is the practice of virtue, morality and manners in Islamic theology and falsafah ().The science of ethics (`Ilm al-Akhlaq) teaches that through practice and conscious effort man can surpass their natural dispositions and natural state to become more ethical and well mannered.
Islamic ethics (Arabic: أخلاق إسلامية) is the "philosophical reflection upon moral conduct" with a view to defining "good character" and attaining the "pleasure of God" (raza-e Ilahi). [ 1 ] [ 2 ] It is distinguished from " Islamic morality ", which pertains to "specific norms or codes of behavior".
Between the 9th and 14th centuries, the Muslim world developed many advanced economic concepts, techniques and usages. These ranged from areas of production, investment, finance, economic development, taxation, property use such as Hawala: an early informal value transfer system, Islamic trusts, known as waqf, systems of contract relied upon by merchants, a widely circulated common currency ...
Islamic commercial jurisprudence entails the rules of transacting finance or other economic activity in a Shari'a compliant manner, [5] i.e., a manner conforming to Islamic scripture (Quran and sunnah). Islamic jurisprudence has traditionally dealt with determining what is required, prohibited, encouraged, discouraged, or just permissible.
Ethical business considerations derived from Hinduism has become an important part of defining people's actions. The Gita details how the ethics of Hindu teachings influence business practices and involves how Dharma , meaning duty or ethics, encourages individuals to follow callings to move higher in life and to attain this duty and is ...
Islam is a way of life and it does not work in isolation. In a business practice for example, the Muslims are call to adhere good business ethical values, does not cheat, and does not charge interests to the buyers. Research has also observed how Islamic religiosity influences work ethics [39] and business ethics.
The Sharia law derived particularly from the Quran and Hadith deals with banking, business, economics, politics, and contracts. [7] Since the early days of Islamic history, Muslim business producers had to follow the rules and requirements of Islamic Sharia when conducting production and marketing activities. [8]
Muamalat (also muʿāmalāt, Arabic: معاملات, literally "transactions" [1] or "dealings") [2] is a part of Islamic jurisprudence, or fiqh.Sources agree that muamalat includes Islamic "rulings governing commercial transactions" [3] and Majallah al-Ahkam al-Adliyyah). [4]