Business Management from Islamic Perspectives

Abstract

Religion has a major impact on human behavior, social interactions, and social relations. One can argue that laws and regulations are enough to induce ethical and moral decision making. But just like having a police force doesn't alleviate crime. Having business regulations do not ensure that businesses will conduct their affairs ethically. Regulatory drivers alone are not sufficient to safeguard public interest from the ill affect of greed and unethical corporate behavior. The focus of Islamic way of business is not just to earn profit but to serve the society. The human welfare is the gist of Islamic business ethics. The present paper is an attempt to examine the relationship between Islamic notions of work and management and there relevance in the context of business management.