An Evaluation of Professional Integrities in Contemporary Business Modes and Islamic Models

Abstract

The purpose of this study is to explore the relevance of business ethics in the contemporary world in the light of the teachings of the Prophet Muhammad (PBUH) and to find an enforcement mechanism for Prophetic business ethics. Current literature available on Islamic business ethics was reviewed to identify the relevance of Prophetic business ethics to modern business. In the final analysis, it is concluded that Islamic ethics are unique because they are based on the unity of Allah and accountability in the hereafter. Moreover Islamic concept of brotherhood justifies observance of ethical standards uniformly in all circumstances. Prophetic business ethics are based on the principles of lawful and un-lawful which restrict human activities to be squandered in the wrong direction. Prophetic business ethics are based on all good and the creation of an environment that is based on mutual benefit and care. The fear and love of Allah and sense of accountability in the hereafter is the real enforcement of ethics in individuals as well as in society. The findings highlighted in the article propose a collective effort to enhance ethical business activities among Muslims.