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Islam and Business: Beliefs, Values, and Norms

This chapter lays out the core principles, norms and values underlying Islamic business administration. It explains the role of business and resources used for it; describes the business environment, key stakeholders, and major types of decision making; elucidates the core beliefs and values of Islam pertaining to business and commerce; highlights the relevance of the Qur'an and the life of Prophet Muhammad to trade and prosperity in human-centered, sustainable development; and explains the role trade has played in the history of Islamic civilization and the contemporary aspirations and initiatives to bring Islamic values to business and the economy