Principles of Islamic Business Ethics

One of the biggest differences between Islamic banking and conventional western banking is the extent to which ethics play a role. In western banking, simply abiding by all essential legal guidelines and official regulations is seen as sufficient. For Muslims, adhering to a strong ethical code in all aspects of life – including business – is the duty of every follower of the faith. Which means that many important ethical principles of Islamic banking don’t necessarily fall under Shariah law. Nevertheless, they are considered just as important and unbreakable.

This insightful tutorial has been designed for anyone looking to build a career in Islamic banking and finance. Explore a definition of ethics in both business and general contexts, along with freedom of enterprise, the importance of legitimate earnings and the ethical value of fair dealings. Additional subtopics introduced include honesty and gentleness, prohibition of Najash and Khalabah, disclosure, transparency and facilitating inspection, fulfilling the covenants and paying liabilities, mutual cooperation and removal of hardship, free marketing and fair pricing, freedom from Dharar (detriment) and more.

Learning OutComes

  • Understand the term ' ethics'
  • Explore different Features of Islamic Business Ethics

Programme Content

Topics:

  • What is Ethics?
  • Business Ethics
  • Freedom of Enterprise
  •  Keenness to Earn Legitimate (Halal) Earnings
  • Justice and Fair Dealing
  • Honesty and Gentleness
  • Prohibition of Najash
  • Prohibition of Khalabah (Misleading Marketing)
  • Disclosure, Transparency and Facilitating Inspection
  • Fulfilling the Covenants and Paying Liabilities
  • Mutual Cooperation and Removal of Hardship
  • Free Marketing and Fair Pricing
  • Freedom from Dharar (Detriment)

Target Audience

  • Finance professionals looking to upgrade knowledge in Islamic finance
  • Bank staff looking to maintain their CPD
  • Managers supervisors and team leaders
  • Individuals looking to enhance their CVs
  • New or recent recruits to banking and financial organizations

FAQs

No prior knowledge is required to take this unit.

Overview
  • Participants:8 - 400
  • Duration: 2 - 3 hours
  • Participation:Only collaborative
Course at QLS
Study Method Online
Course Duration 10 Hours
Start Date on going
Awarding Body
Full Fee: £ 120

Discount: £ 30

Pay Today: £ 90