Understanding Business Ethics in the Quran: Principles and Applications

This comprehensive guide explores the principles of business ethics in the Quran, emphasizing honesty, fairness, transparency, and social responsibility. It highlights how Islamic teachings provide a framework for ethical business conduct, promoting justice and avoiding exploitation. The article also discusses practical applications of these principles, including ethical marketing, fair labor practices, environmental stewardship, and community engagement, demonstrating how businesses can operate ethically while benefiting society.

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The Ottoman Empire Banking System: Evolution, Impact, and Legacy on Modern Financial Practices

This research paper delves into the intricate banking system of the Ottoman Empire, spanning from its early informal financial practices to the establishment of modern institutions. It explores how the Ottoman Empire’s unique approach to banking, influenced by Islamic financial principles, avoided interest-based transactions in favor of profit-sharing methods such as mudarabah and murabaha. The study highlights the development of state banks like the Imperial Treasury and the Ottoman Bank, and examines their role in shaping both contemporary commercial and Islamic banking systems. By analyzing the impact of the Ottoman financial practices on modern banking, this paper provides valuable insights into the legacy of the Ottoman Empire’s financial innovations and their enduring influence on today’s financial institutions.

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