The ethical system prescribed in Islam is eternally divine and forms the foundation of an Islamic society. It guides us at every stage in life and makes us free from exclusive dependence on other sources of knowledge, although we may, of course, use these as an aid to this primary source. To read the full-text of this research, you can request a copy directly from the author. All rights reserved. It is the duty of man to live his life according to the dictates of Allah and to follow the Divine guidance. If this hope and fear are firmly ingrained in one’s heart, they will inspire virtuous deeds even on occasions when the immediate consequences may appear to be very damaging, and they will keep one away from evil even when it looks extremely attractive and profitable. Throughout civilization, these secular models assumed moral codes that were transient and myopic since they were based on the values of their human founders, for example, Epicureanism or happiness for happiness’s sake. by S. Y. Hashimy (Lahore: Orientalia, 1955), pp. What is the nature of the relationship between Allah and human beings? The fact that a man voluntarily and willingly accepts Allah as his Creator and obedience to Allah as the aim of his life and strives to seek His pleasure in his every action provides sufficient incentive to obey the commandments which he believes to be from Allah. Unity (one’s life is related entirely and eternally to God), equilibrium, and responsibility are among the ethical axioms in Islam covering all. The guiding question is ‘why do management effectiveness programs rarely work?’. © Springer Science+Business Media B.V. 2013. It calls on the people not only to practise virtue, but also to eradicate vice. teaching on business ethics is very much in line with the CSR agenda and Islamic laws require high standards from all stakeholders. So I shall restrict myself to a summary of some of the points crucial to any critical examination of contemporary ethical systems and conflicting patterns of moral behaviour: (a) Through their failure to prescribe specific limits and roles for the various moral virtues and values, present-day moral structures cannot provide a balanced and coherent plan of social conduct. The ethical system prescribed in Islam is eternally divine and forms the foundation of an Islamic society. Moreover, by making the ‘pleasure of Allah’ the object of man’s life, unlimited possibilities are opened for man’s moral evolution, untainted by narrow selfishness or racism or chauvinism. shape entrepreneurialism in Sri Lanka. The Islamic moral order guarantees for man a system of life which is free from all evil. Every business must other inequitable malpractices for selfish interests. This study examines how the existing Malaysian IP law and Islamic principles deal with counterfeit trade. He alone is its Master, Sovereign and Sustainer, and it is functioning under His command. We examine the Islamic model of finance and its products, how they are used to help eliminate the cyclical nature of poverty, and the impact of Islamic finance on the countries in which it has been adopted. Interest in completely prohibited in Islamic banking. It is, It is evident that value is a central component that guides human activity systems and ethical decision making. It means that man is not left like a ship without moorings at the mercy of winds and tides; instead, we have a set of unchangeable norms for all moral actions. 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