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1. BUSINESS LAW
Presented To:
Prof Dr Haleema Tariq

2. NAME ROLL NO
Fariha Amin BSAT 21- 031
Fizza Arshad BSAT 21-023
Iqra Salman BSAT 21-022
Aqsa Mazhar BSAT 21-012
Zoha Hanif BSAT 21- 025

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Content

4. “Business Ethics
& Business Ethics in Islam”
1

5. Meaning of Ethics
ETHICS
• Set of moral principles that distinguish what is Right
from what isWrong.
• The branch of knowledge that deals with moral
principles.

6. Islamic Business
Ethics
Islamic Business Ethics, identifies the
practical elements of managing ethics
within an organization that business
leaders can use, offering the framework
of an overall Islamic ethics model for an
organization to adopt.

7. • Khayr (goodness),
• Birr (righteousness),
• Qist (equity),
• Adl (equilibrium and justice),
• Haqq (truth and right) and
• Ma'ruf (known and approved).
The Quran also uses a whole array of terms to
describe the concept of goodness:

8. SUCCESSFUL TRADER IN
ISLAM
Holy Quran and numerous teaching of the prophet(P.B.U.H)
“ you are the best people, evolved for mankind, enjoying what is
right, forbidding what is wrong , and believing in Allah”
&
“ Allah shows mercy to a person who is kindly when he sells,
when he buys and when he claim”

9. Principles of Business ethics in Islam
 Freedom of Enterprise.
 Intensity to earn Halal earnings.
 Trade through Mutual consent.
 Truthfulness in Business Transactions.
Trustworthiness in Business Transaction.
Fair treatment with workers.
Equity
Fair treatment with subordinates
Just
Honoring and fulfilling business obligations
Profit should be small

10. Prohibitory Matter in Business
Transactions
RIBA (Interest)
Riba literally means “excess/addition/increase”. According to specific Shari’ah
definition, it means unlawful increase.
“ O you who believe!Fear Allah and give up the Riba that remains
outstanding if you are (in truth)Believer”
(Surah Al-Hood C11:V278).
Types of Riba
 Riba Al-Nasiyah-(Loan transaction)
 Riba Al-Fadi-(Sale transaction)

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37. THANKS！

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