The Concept of Business Ethics in Islamic Perspective: An Introductory Study of Small and Medium Enterprises (SMEs)

Abstract:

Islam places the highest emphasis on ethical values in all aspects of human life. In Islam, ethics governs all aspects of life. Ethical norms and moral codes discernible from the verses of the Qur’an and the Hadith are numerous, far reaching and comprehensive. Islamic business ethics is essential for SME industry. The challenge of  Islamic business ethics is to make that inevitable ethical decision making explicit to make it better. Far from being  anti-business, ethics actually provides  essential support for  maximizing long-term business value.