Zamir Iqbal and Abbas Mirakhor. Ethical Dimensions of Islamic Finance: Theory and Practice

Abstract

Individuals interact with different members of the society in their day to day life. These interactions are mostly governed by a set of behavioral standards that in turn determine what is good and bad. Honesty, integrity, truthfulness, transparency, reliability, faithfulness and the like are some of the virtues of ethics. In the same manner, companies also practice a set of values that guide business transactions and their relations with employees, customers, suppliers and government bodies. All in all, ethical values enable us to be vigilant in our relationship with others and create auspicious environment for us and others.