Saturday, November 9, 2013

What are some of the business / management lessons in Qur'an and Bible?

There are several Aayahs in the Holy Quran which declare the ‘usool’ or principles in doing business transactions:

Allah Says in the Holy Quran Chapter 2 Surah Baqarah verse 188:Do not usurp one another’s property by unjust means, nor offer it to the judges (as bribe) so that you may devour knowingly and unjustly a portion of the goods of others.

Allah Says in the Holy Quran Chapter 4 Surah Nisaa verse 29:O you who have believed! Do not devour one another’s property by unlawful ways; but do business with mutual consent.

Allah Says in the Holy Quran Chapter 11 Surah Hud verse 85:(Prophet Shuaib said ): “And O my people! Give just measure and weight, nor withhold from the people the things that are their due: commit not evil in the land with intent to do mischief.

Allah Says in the Holy Quran Chapter 83 Surah Mutaffefeen verses 1-6:
1 Woe to those that deal in fraud
2 Those who, when they have to receive by measure from men, exact full measure.
3 But when they have to give by measure or weight to men, give less than due.
4 Do they not think that they will be called to account?
5 On a Mighty Day
6 A Day when (all) mankind will stand before the Lord of the Worlds?

Allah Says in the Holy Quran Chapter 17 Surah Israa verse 35:34 Come not nigh to the orphan's property, except to improve it until he attains the age of full strength; and fulfill (every) pledge, for (every) pledge will be enquired into (on the Day of Reckoning).

35 Give full measure when ye measure and weigh with a balance that is straight: that is the most fitting and the most advantageous in the final determination.

Allah says in the Holy Quran Chapter 2 Surah Baqarah verse 274-276: But those who devour ‘riba’ become like the one whom Shaitaan has bewitched and maddened by his touch. They have been condemned to this condition because they say, “Trade is just like ‘riba”, whereas Allah has made trade halaal and ‘riba’ haraam. Henceforth, if one abstains from taking ‘riba’ after receiving this admonition from his Lord, no legal action shall be taken against him regarding the ‘riba’ he had devoured before: his case shall ultimately go to Allah. But if one repeats the same crime even after this, he shall go to Hell, where he shall abide for ever!
Allah deprives ‘riba’ of all blessing and develops charity, and Allah does not like an ungrateful, sinful person.

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