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Business and Trade Among Muslims Is Not A New Thing

The document discusses the history of business and trade in early Islamic civilization, with the Prophet Muhammad himself participating in trade before becoming a prophet. It outlines several rules of business ethics in Islam, including prohibitions against fraud, oppression, usury, and requiring justice, trustworthiness and sincere intentions.

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Anas Sultan
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22 views3 pages

Business and Trade Among Muslims Is Not A New Thing

The document discusses the history of business and trade in early Islamic civilization, with the Prophet Muhammad himself participating in trade before becoming a prophet. It outlines several rules of business ethics in Islam, including prohibitions against fraud, oppression, usury, and requiring justice, trustworthiness and sincere intentions.

Uploaded by

Anas Sultan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Business and trade among Muslims is not a new thing.

If
highlighted trading history of Islam, its history starting in the early
scene where the man two sons of Adam, Habil and Qabil namely
has pioneered the field of entrepreneurship. Habil pioneered
the former, while Qabil pioneered agriculture farming .The
Prophet himself was directly involved in the business before being
appointed apostles. Since the age of 12 years recorded history
that often follow his entourage of his uncle Abu Talib out of
business in Sham .He became one of the traders who
market goods ownedby Khadijah binti Khuwailid (R.A)to the
countries such as Syria and Yemen.In addition, businesses
should be viewed as an approach that is able to influence and
develop the civilization of a nation. The business concept in
Islam than the objective world is only intended for profit only and
is not only one of the branches to earn a living,but it was one of
the branches of faith that a trader can draw closer to God
Almighty.
entrepreneurs need to follow some rules and business ethics outlined in
Islam not to fraud, abuse, and so on, which eventually led to the collapse of the
Islamic economy and threaten the well-being of society. The regulations contained in
the Sharia are as follows:

3.5. TrustA trader or entrepreneur cannotcheat, betray customers, selling price


too high and delaying payments to suppliers. Traders must trust in every
transaction made. The emphasis that trusts mentioned in the Quranic verse in
which Allah says:Meaning: "O you who believe! Do not betray (trust) in Allah and His
Messenger, and (do) not betray your trusts while you know (them)"(Surat al-Anfal 8:
27).Therefore, all actions and decisions made in a business that is based on
the nature of trust is necessary to ensure that the business is fair to everyone
whether they are a buyer or seller to get right. Fraud and oppression would be
avoided if all parties are trustworthy and true. By the nature of this trust traders to
gain appropriate and the buyer will get the goods or services corresponding to the
price paid.

3.4.Be al-'Adl (Justice)Ethical Tradersmust perform al-Adl, or Justice. This means


that traders must be temperate in all things without the benefit side, equal treatment
or fair to all customers, taking into consideration fair and unbiased and gives the
right to the right (Nor, 2012).In other words, justice means putting things in the
right place. Allah says, which means:"Allah commands you to do justice and
kindness". (Surah al-Nahl 16: 90).Based on this verse clearly shows how Allah is
emphasizing the question of justice in business. This is because justice in the
business of the purchase will ensure justice to all men. In addition, entrepreneurs
will profit the proper and the user will get the goods and services with
payment rates should be.

.3.Avoiding scams elementBoth sides of traders and consumers should take their
role to ensure that the business carried on last well and there is no element of fraud.
In the Qur'an repeatedly reminds traders to be honest and strictly prohibits fraud and
corruption in business. Note that repeatedly illustrates that fraud in various forms
and rates are something that often happens in the business world (Nor,
2012).The word of Allah is:Meaning: "Woe to those who cheat the people who,
when they receive by measure from men, take full and otherwise when they
measure or weigh for others they cut (the measurement or weight)"(Surat al-
Mutaffifin 83: 1-3).This verse explains that the fraud from all fronts is illegal in the
Islamic rules and business ethics. The fraud would have been confusion in the
relationship between buyer and seller can even sow discord and prolonged fights.
While Islam prohibits sever the ties of kinship. Therefore, traders can avoid
impartiality negative impact on the relationship between traders and their customers.

3.2.Not involved with practice usuryPractice of usury is forbidden in Islam is


because this practice causes oppression and inequality on society and the
national economy itself. This will cause the rich will get richer and the poor will
be poorer. The prohibition against the practice of usury ismentioned in the
Qur'an as follows:Meaning: "Those who eat (take) usury will not stand except as
stands one whom the Evil One by swaying because of (his) touch it. That is because
they say: "Verily trade is like usury". But Allah has permitted trade (merchandise)
and prohibits usury. So whosoever receives an admonition that (ban) from his Lord,
then it stops (the usury), then what is past (before the ban) is a right, and to judge
God. And those who repeat (the act of taking the laptop), they shall be companions
of the Fire, they will abide therein"(Surah al-Baqarah 2: 275).A Muslim
entrepreneur must free themselves from practicing usury either in system
financing and investment. In Malaysia itself, there are sources of funding that are still
practicing laptop and some that are free from riba (Nizho & Mohd, 2008). The
traders should be wise in choosing the resources and leverage as possible

3.1.Sincere intentionIntention is the basis of an act because it set a target or goal in


heart infusion. Good faith and is usually accompanied by the implementation
chosen by Allah SWT. This is very different from the policy of 'the end justifies
the mean "a proud and not feel guilty achieve goals in the misery of others
(Ma'amor, 2001).Allah says in His Book:Meaning: "Indeed we sent down the
Book (the Quran) to (bring) the truth. So worship Allah purifiesthe (sincere)
obedience to Him ".(Surat al-Zumar 39: 2).Therefore, a Muslim entrepreneurshould
ensure that the real intention is to serve a noble purpose and to gain the pleasure of
Allah in every aspect of life

https://www.islamic-banking.com/moral-oath/islam-and-business-
ethics#Islam%20and%20Business%20Ethics%20-%20Overview

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