Assalammualaikum and good morning.
For the first question for my assignment is what the definition
of Business Ethic?
Business can be defined as an economy activity, a
transaction where an offer is made by a seller and offer is accepted by a buyer.
It also an organization or economic system where goods and services are
exchanged for one another or for money. Every business requires some form of
investment and making an output in order to make a profit. Businesses can be
privately owned, not-for-profit or state-owned.
Ethics
may be defined as the set of moral principles that distinguish what is right
from what is wrong. Ethics has a twofold objective:
1.
it evaluates human practices by calling upon moral standards
2.
also it may give prescriptive advice on how to act morally in a
given situation.
Ethics,
therefore, aims to study both moral and immoral behaviour in order to make
well-founded judgments and to arrive at adequate recommendations. Sometimes
ethics is used synonymously with morality. An action, which is morally right,
is also called an ethical one. Codes of morality are called ethical codes.
Business Ethics
Business Ethics is a study of business
situations, activities and decisions. Moreover, it examines ethical principles
and moral or ethical problem that arise in a business. Business ethics is dealing
with business by taking consideration with ethics. However, Business ethic is not a law. It is ethic in the
business life "structured examination of how people and institutions
should behave in the world of commerce" but business ethics are often
guided by law, while other times provide a basic framework that business may
choose to follow in order to gain.
Ethics in Islam
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 Holy Qur’an and the teachings of the
Prophet (sws) are numerous, far reaching and comprehensive. Islamic teachings
strongly stress the observance of ethical and moral code in human behaviour.
Moral principles and codes of ethics are repeatedly stressed throughout the
Holy Qur’an. Besides, there are numerous teachings of the Prophet (sws) which
cover the area of moral and ethical values and principles. Says the Holy Qur’an:
“You are the best
nation that has been raised up for mankind; you enjoin right conduct, forbid
evil and believe in Allah” (3:110)
The Prophet (sws)
also says:
I have been sent
for the purpose of perfecting good morals. (Ibn Hambal No: 8595)
by,
Faten syafiqah
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