Business and consumer protection in islam

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Business and consumer protection in islam

How to Write a Summary of an Article? Business and Consumer Protection in Islam Modern business is a very complex reality.

Business and consumer protection in islam

Many factors influence and determine the business activity. Among other organizational factors managerial, scientific technological and socio-cultural-political, the business complexity of social activities, business with the complexities of modern society.

All the factors that make up the complexities of modern business has been frequently studied and analyzed through a scientific approach, especially in economics and management theory K. In the myth of modern business business people are required to be professional people in his field.

They Business and consumer protection in islam the skills and business skills beyond the average person, he should be able to show that performance is above average business performance amateur. Performance becomes prasarat business success also involves a moral commitment, moral integrity, discipline, loyalty, unity of moral vision, service, attitude give priority to quality, respect for rights and interests of relevant parties concerned stakeholderswhich over time will develop into a business ethics in a company.

Conduct an honest Prophet transparent and generous in doing business practice is the key to success in managing the business Khodijah ra, is a concrete example of the morals and ethics in business.

Prophet Muhammad was a merchant, and the religion of Islam spread primarily through the Muslim traders. This can be seen in the words of the Prophet Muhammad: The following business activities that are prohibited in sharia: Avoiding business transaction that is forbidden in Islam.

A Muslim businessman should not be doing business in the things forbidden by sharia. And a Muslim businessman claimed to always do the good business and society. Business, food is not halal or kosher not contain ingredients, liquor, drugs, prostitution or all of which relate to the world of sparkling like night clubs discotic cafe where mixing of men and women accompanied by a stomping songs, treats and drinks and the food is not kosher Other QS: Al Maidah; is a business activity that is forbidden.

Avoiding how to obtain and use property is not kosher. The practice of usury is miserable to be avoided, Islam prohibits usury with severe threats QS: Al-Baqara,while speculative transactions are very closely related to the business that is not transparent such as gambling, fraud, violated the trust so it will most likely harm.

Hoarding of money to turn off the function to be enjoyed by others and the narrow space of business and economic activity is a disgraceful act and being rewarded to the most severe Sura: Redundant and a waste of money for purposes that are not useful and dissipate all the excesses.

All properties are prohibited because it is a trait that is not wise in the use of property and contrary to the commandment of God Surah: Unfair competition is denounced by God as mentioned in the Quran surat Al-Baqarah: Monopoly done to gain market control by preventing the other players to compete in various ways, often in ways that are not laudable goal is to memahalkan price for these entrepreneurs have a huge advantage.

Business and Consumer Protection in Islam | Free Essays -

Forgery and fraud, Islam strictly prohibits falsifying and deceptive because it can cause harm, injustice, and can lead to hostility and strife. Allah says in Surah: In essence, the consumer contains a very broad sense, as expressed President of the United States, John F.

Consumer Protection Act No. Government of the Republic of Indonesia, Islamic economic laws there is no difference between the end user with a medium user. Muslim jurists did not distinguish between goods kondumsi property, goods production, and intermediary goods, as contained in the general economics.

This brings the influences on consumer definitions that must be protected in Islam because in Islam, including consumer goods all users, whether the goods were used directly, so exhausted, used as a tool for intermediaries to further prosuksi justice belongs to everyone, whether he is domiciled as individuals, groups or the public.

Advances in technology and the development of economy and perdangangan volume demanding extra supervision of the risks that might arise from the use of certain products. Poor environmental conditions caused by business actors in general, should also get serious attention because every living being is a consumer of the environment.

When associated with the risk caused by defective products or irresponsibility of a product, the main objectives of the fifth yag more focused on guarding the soul, mind and wealth. In theory the responsibility of Islamic Jurisprudence crime, crimes and violations that occur on human rights can not be invalidated by reason of mistake, not intentional acts.Essay on Business and Consumer Protection in Islam BUSINESS AND CONSUMER PROTECTION IN ISLAM regardbouddhiste.comc Business Modern business is a very complex reality.

Many factors influence and determine the business activity.

Kingdom scores high on prices and tax efficiency, IMD survey finds | Arab News

Among other organizational factors managerial, scientific technological and socio-cultural-political, the business complexity of. Pakistan is an Islamic State but the area of consumer protection has remained neglected so far.

This paper explores how an environment can be created in Pakistan whereby the interests of consumers are best protected under the teachings of Islam.

One form of consumer protection is product liability, which is the legal responsibility imposed on a business for the manufacturing or selling of defective goods. These laws vary state-to-state.

The Department of Business Affairs and Consumer Protection (BACP) licenses, educates, regulates and empowers Chicago businesses to grow and succeed as well . Despite the richness of Islamic teachings on the conduct of business and trade, very little has been written on consumer protection in Islamic societies other than discussions of financial markets and consumer credit and monopoly.

DUBAI: Competitive pricing and an efficient tax regime are two big highlights of the Saudi Arabian economy according to the annual ranking of global competitiveness by the Swiss business school IMD.

Islamic finance, consumer protection, and financial stability (eBook, ) []