Islamic Business Ethics

BOOK ID

Author(s): Sayyid Muhammad Rizvi

Publisher(s): Al-Maarif Books

Category: Islamic Laws

Topic Tags: Business Ethics Miscellaneous information: Islamic Business Ethics

By Sayyid Muhammad Rizvi

Al-Maarif Books

Canada

First Edition 1426/2006

© All rights reserved

This publication may not be printed without

the written permission of the writer.

ISBN 0-920675-12-3

ISBN 978-0-92067 5-12-0

For comments and questions on this book, you may contact the author via

e-mail: muhammad57@ rogers.com

Telephone :(905) 707-0982

Fax: (905) 737-9781

Featured Category: Muslim Practices

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This treatise aims to help Muslim business people and professionals understand the Islamic perspective on life, this world, pursuit of material goods, and their responsibility towards society in general.

Frequently Used Terms

Halal: permitted, allowed, lawful, legal. The acts or things which are permitted and lawful. There is neither reward for performing it nor any punishment for neglecting it. For example: drinking tea.

Haram: forbidden, prohibited. lt is necessary to abstain from the acts which are haram. If someone performs a haram act, then he or she will be punished either by the Islamic court or in the hereafter or both. For example: stealing.

Jaiz: same as halal. See above.

Makruh: reprehensible, disliked, and discouraged. Acts which are disliked but not haram. If someone docs a makruh act, then he or she will not be punished for it; however, if people refrain from it, then they will be rewarded. For example: eating with left hand.

Mubah: same as halal, except that the term “mubah” is exclusively used for lawful things and properties, not for acts.

Mujtahid: a jurist. The term is used to describe a Shi'a Muslim religious scholar who

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