Understanding the framework of business in Islam in an era of globalization: A review

Business Ethics: A European Review 12 (1):23–32 (2003)
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Abstract

Despite the fact that Islam is one of the major religions, the frameworks of this faith are yet to be fully understood. As a consequence, it is being confused with activities contrary to its teachings. Islam has an elaborate treatment for almost every aspect of life including the affairs of business. Business is an acceptable and dignified occupation, which has to be conducted within the given frameworks. Islam encourages the creation, acquisition and consumption of wealth, and the fulfilling of certain conditions in so doing. Wealth is held in trust as a gift from God. The terms of reference of this trust are to be complied with. Ethical principles do play a major role in shaping the behavior of a Muslim, in or out of business. In an era of globalization, the need for a better understanding of the premises of Islamic faith cannot be overemphasized.

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reprint Uddin, Syed Jamal (2003) "Understanding the framework of business in Islam in an era of globalization: a review". Business Ethics, the Environment and Responsibility 12(1):23-32

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References found in this work

Islamic ethics and the implications for business.Gillian Rice - 1999 - Journal of Business Ethics 18 (4):345 - 358.
Moral issues in business.William H. Shaw - 1998 - Belmont, Calif.: Wadsworth. Edited by Vincent E. Barry.
Islamic business ethics.Rafik Issa Beekun - 1997 - Herndon, Va.: International Institute of Islamic Thought.
Business Ethics in Islamic Context.Tanri Abeng - 1997 - Business Ethics Quarterly 7 (3):47-54.

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