An Analytical Study of Inadequacy of Business Ethics & Its Remedial Measures in the Context of Sīrah al Nabi ﷺ
Abstract
Economic prosperity has cardinal importance in a society. Prophet practiced fair and lucrative trade in Makkah which outlined the principles of economics and trade that resulted in the expansion of trade to international level and spreading Islam around the globe. Subsequently, various malpractices of Muslim traders brought the economics of the Muslim Ummah at risk. This article is an endeavor to draw the attention of Muslim traders and businessmen towards the economic decline of Muslim nations. Initially, the article highlights the moral decline in trade and subsequently, an attempt is made to present its solution in the light of Prophetic Sīrah. The article concludes the primary cause of economic unsuccessfulness as the absence of the values and principles guided by the Prophet. To bring about economic prosperity again, we need the practicality of the traits guided by the Prophetic Sīrah. There are some recommendations for the reformation of entrepreneurship which can bring transformation in Pakistani society on many levels (ways) leading to social harmony.
Hafiz Rao Farhan Ali , Abdulhayee. (2020) تجارتی اخلاقیات کا فُقدان اور اس کا سدباب:سیرت النبی ﷺ کے تناظر میں تجزیاتی مطالعہ, AFKĀR (Journal of Islamic & Religious Studies) , Volume 4, Issue 1.
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