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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". [1]
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 marketing is a process of attempting to sell a product or service to customers and other stakeholders while keeping this process in accord with the principles of Islamic transaction. [ 1 ] [ 2 ] [ 3 ] This includes maintaining halal for the products or services being marketed.
Islamic economics (Arabic: الاقتصاد الإسلامي) refers to the knowledge of economics or economic activities and processes in terms of Islamic principles and teachings. [1] Islam has a set of specific moral norms and values about individual and social economic behavior.
Islamic governance is the approach to leading Islamic nations and guiding their communities and organizations, all in line with the fundamental principles of Islam. [1] It can be viewed as a governance model that integrates Islamic values into the realms of administration , rule, management , and government .
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.
Islamic ethics dictate abstinence from corruption, misuse of power and fraud, whilst simultaneously encouraging efficiency, integrity, collaboration and respect amongst employees. [12] This all falling under the indivisible concept of oneness, called Tawhid , which details the importance between an individual and their god, other individuals ...
Business ethics operates on the premise, for example, that the ethical operation of a private business is possible—those who dispute that premise, such as libertarian socialists (who contend that "business ethics" is an oxymoron) do so by definition outside of the domain of business ethics proper. [citation needed]