Business Ethics Assignment

Islamic teachings explain comprehensive but precise regulations,

principles, and rules concerning business. It always tells that the
business is not just for profitability but also worship. If someone follows
the regulations of business provided by Islam, he's not only doing
businesslike duty but religious duty too. Islamic teachings are
humancentered in terms of perspective, character, spirit, and passion. Its
primary goal is to assist others, to accomplish their greatest objective,
not to make a profit. Islamic teachings rigidly forbid the making, buying,
and selling of those products which are dangerous for society, such as
pork, blood, wine, etc. Furthermore, it also restricts the selling of lawful
goods for wrongful usages, such as drugs, weapons, etc.
For example, Grape is legal fruit; their buying and selling are also legal.
However, Islam forbids its selling to those who professionally produce
wine by it. Likewise, selling weapons is not permitted to one who
pledges in an unlawful or one-sided war.
Everyone is doing this illegal thing. They are selling, buying, using
drugs, weapons, etc. almost all illegal goods. for example: Taking
Mortgages and loans out of the bank is haram as it is considered riba to
charge the interest on the loan amount, but so what, everyone is using a
loan because they need to make the money for their living because for
them it is ethical, but in reality, it prohibited in the Islam.
Also, in Islam, Having the idol is haram because in Islam idols must not
be imagined in any way. Pictures even statues can be regarded as idol
worship. However, in reality, we have so many idols who motivates us
and so many people earn money by being an idol. So, in my view, no
one is following Islamic teaching in businesses because everyone is
doing things or businesses which they think are ethical, but in Islam,
they are prohibited, and they even do not know about that.