5 Important Points in Islamic Business Ethics That Muslim Businessmen Should Pay Attention to

In general, Islamic business ethics are Islamic values ​​that are closely related to various economic and business activities. Islamic business ethics is applied ethics that must be practiced by a person in business activities, to achieve success in the hereafter.

Islamic business ethics should be the basic behavior of a Muslim business person because with Islamic business ethics business activities are worth the reward and get the pleasure of Allah subhanahu wata'ala.

This time, we will discuss some important points in Islamic business ethics that must be realized in doing business:

1. Tawhid

What is meant by monotheism here is to unite Allah and believe that Allah is omniscient over all the activities we do.

With someone believing in the presence of Allah Subhanahu Wa Ta'ala, he will stay away from lies, deceit, and other bad behavior because he always feels supervised by Allah Subhanahu wa ta'ala.

2. Fair

The second is the balance of the principle of justice or balance. Where Islamic business ethics seeks to provide benefits to all parties, and not only to benefit certain parties or even to the detriment of others.

Therefore, in Islamic business ethics, we are commanded to always do justice, even to those we don't like.

Islam also requires us to be fair in business; by balancing the scales, being honest in describing the goods, and not lying to the detriment of the buyer.

On the other hand, as buyers, we must also buy with etiquette: not stealing or destroying the existing market price, not giving false accusations, and so on.

3. Effort

In the concept of Islam, there is what is called ikhtiar or will, where everyone has the right to take actions he likes, as long as it does not violate Islamic morals or sharia.

Islamic Business Ethics also highly values ​​freedom; especially if this freedom is directed and utilized to achieve the welfare of the community.

Of course, paying attention to the value of endeavor in doing business, will maximize the role of the market effectively for the development of economic life in a better direction. Where every business person in the market has unlimited freedom and is only regulated by rules and procedures that are by Allah's provisions in the Shari'a.

4. Responsibility

Islam strongly emphasizes the concept of responsibility, where when everyone is given freedom, he will be held accountable both in this world and in the hereafter.

Prophet Muhammad Sallallahu 'Alaihi wa Sallam once said about the situation on the Day of Resurrection, where a human being will not move from his place on the Day of Resurrection unless he is asked 4 things: and one of them is where he gets his wealth? and what is he using it for?

In the business world, being responsible is very important. When freedom is given to a person, he must also be held accountable for what he did; both in transactions, producing goods, selling goods, making agreements, and so on.

5. Doing Good (Ihsan)

Islamic business ethics is not only concerned with profit alone but also thinking about how the business can be useful for others.

For this Ihsan concept to be truly realized, 3 points must be considered:

- Generosity

- Service

- Awareness of supervision from Allah subhanahu wa ta'ala

Islamic business ethics also always instills an understanding of how valuable the rewards of the hereafter are when compared to the awards obtained in this world. Therefore, the concept of Ihsan is highly emphasized in the hope that this business will be our good point that will be taken into account at the end of the day.

Islamic Business Ethics is also very concerned about the points of halalness, where a person is not allowed to transact unlawfully or use goods that are prohibited from using by Allah subhanahu wa taala in the Al-Quran and As-Sunnah.

Those are 5 important points in Islamic business ethics that need attention. If you are a business person, try checking their business activities; Have you realized all the points above?

 

Author: Ghifary