UAE Laws and Islamic Finance

Laws of the UAE and Islamic Finance

Recommended Reading on Business Ethics in Islam

[Extract from Preface of Islam and Business Ethics by Dr S M Hasanuzzaman, published by the Institute of Islamic Banking and Insurance, London, UK 2003]

 
There is nothing to discover with regard to business ethics in Islam. The edifice of the entire Islamic way of life rests on absolute ethical values. One cannot be a true Muslim unless one adheres to these values. Justice and equity, honesty, integrity, veracity, leniency, compassion, tolerance, selflessness, benevolence, cooperation, mutual consideration, sacrifice and harmlessness, are the guiding values in all walks of life, business being no exception. Muslims are ordered truly to observe these values in whatever position they are: whether employer or employee, landlord or peasant, trader or customer, ruler or ruled, officer or subordinate, transporter or passenger, depositor or fiduciary, relatives or strangers, neighbours or fellow-workers, nobody is allowed to disregard these values at any time. To recognise these values as binding is a concomitant of true faith; to neglect them in practical life means a serious lapse these values are laid down and emphasised in the Qur’an and reinforced in the sayings of the Prophet Muhammad (may peace be upon him).

UAE Laws and Islamic Finance

Laws of the UAE and Islamic Finance

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