The concept of business ethics in islamic perspective: an introductory study of Small and Medium Enterprises (SMEs)
Year: 2013
Type: book-chapter
Abstract: Islam places the highest emphasis on ethical values in all aspects of human life. In Islam, ethics \ngoverns all aspects of life. Ethical norms and moral codes discernible from the verses of the Qur’an \nand the Hadith are numerous, far reaching and comprehensive. Islamic business ethics is essential \nfor SME industry. The challenge of Islamic business ethics is to make that inevitable ethical \ndecision making explicit to make it better. Far from being anti-business, ethics actually provides \nessential support for maximizing long-term business value. In an Islamic system, ethics and \nbusiness are not only compatible but also they are inseparable. Islam stresses the link between \nbusiness and religion. It projects a perfect way of life. A human manner and behavior in small \nand medium enterprises cannot be effectively clarified without references to the Islamic ethics \nwhich can manage it. Thus, this paper will discuss the issues pertaining to the concept of \nbusiness ethics in Islamic perspective toward Small and Medium Enterprises (SMEs). This is \nbecause of their significant contribution in the Malaysian economics at large. Furthermore, this \nstudy also explains how SME could adapt the Islamic business ethics system in their day-to-day \nbusiness activities.
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W1550115856