Course Title Business Ethics in Islam
Program BBA, BS(PS), BS(AF)
Course Code No.
No. of Credits 3
Pre-requisites None
Class Contact 3 hours/ Week X 16 Weeks = 48 Hours
Hours
Course Facilitator Ms. Shadab Qazi
& Contact Details E-mail:
[email protected] RIPHAH INTERNATIONAL UNIVERSITY
FACULTY OF MANAGEMENT SCIENCES (FMS)
RIPHAH SCHOOL OF LEADERFSHIP (RSL)
CLOs Topics
CLO1, CLO2 Introduction, Importance of business,
The Quran and Amal,
Islamic Concept of God,
Qur'anic Concept of Business (Gainful Business, Losing
Business, Maintenance of Records) (Maintenance of Records:
Rewards and Punishments),
BUSINESS ETHICS Concepts and Cases (Manuel G.
Velasquez) Chapter One: Ethics and Business
Ethical Principles in Business Business Ethics and Corporate
Social Responsibility
The Market and Business
Ethics in the Marketplace
Ethics and the Environment
CLO3,4 Qur'anic View of Wealth (General Appreciation, Ownership)
(The Concept of Halal and Haram, The Concept of Barakah)
Qur'anic View of Wealth: Distribution of Wealth and its Effect
on Society (Emphasis on Infaq, Distribution: Methods and
Institutions)
Distribution of Wealth and its Effect on Society (Equitable
Distribution and its Effects)
Disapproved Business Conduct
Concepts&Cases:The Ethics of Consumer Production and
Marketing
Islamic concept of quality and its management in every process
of life, its benchmark
COURSE DESCRIPTION
The course deals with the Basic ethical values presented by Islam for all commercial
Transactions. It deals basically with the moral aspect of business derived from the Holy
Quran, Sunnah of the Holy Prophet (SAW) and thoughtful discussion of the Jurists. In the
Course view of different jurists over different moral business issues are critically analyzed.
In Addition, the course analyzes concepts and cases related to business ethics in terms of
market, marketplace, environment, consumer etc by Velasquez. to understand how business
ethics principles are defined according to current times. It also gives an overview to Islamic
concept of quality and its management in all processes of life.
LEARNING OUTCOMES
The emphasis in this course is to introduce the students to the concepts of Business Ethics
presented by Islam. This is achieved by the creation of an awareness in the students
regarding the business Ethics in Islam so to able them to implement such ethical values in
the contemporary commercial markets.
RECOMMENDED BOOKS
1. Business Ethics in Islam by Mushtaq Ahmad
2. BUSINESS ETHICS Concepts and Cases (Manuel G. Velasquez)
3. Muhammad Taqi Usman, The Islamic Economic System
4. Mansuri, M. Tahir; Islamic Law of Contracts and Business Transactions, Shariah
Academy, IUI, 2005
RECOMMENDED ARTICLES
Business ethics, corporate social responsibility and corporate governance: a review
and summary critique by John Donaldson & Irene Fafaliou, European Research
Studies, Volume VI, Issue (1-2), 2003.
Concept Of Business Ethics In Islam - Approach To The Entrepreneur by Che Mohd
Zulkifli Che Omar Ana Siti Sarpina Saripuddin, Asian Economic and Social Society,
ISSN(P): 2309-8295, ISSN(E): 2225-4226, Volume 5(1)2015, www.aessweb.com
Ethical Issues in Advertising in Pakistan: An Islamic Perspective, Waheed Akhter,
Abdus Sattar Abassi and Sadia Umar, World Applied Sciences Journal 13 (3): 444-
452, 2011, ISSN 1818-4952
An Introduction To The Islamic Perspectives Of Conducting Business, Ahmad H.
Juma’h & Raed N. Abu-Mounes, Revista Empresarial Inter Metro / Inter Metro
Business Journal Spring 2011 / Vol. 7 No. 1 / p. 58.
Practitioner Contribution Toward applied Islamic business ethics: responsible halal
business, Muatasim Ismaeel & Katharina Blaim, Journal of Management
Development, Vol. 31 No. 10, 2012, pp. 1090-1100, Emerald Group Publishing
Limited.
CLASS ACTIVITIES:
To study / prepare in advance the topics of syllabus given on Moellim
Presentations
Discussion on topics under study to get original thoughts / ideas of students
Quizzes to evaluate class progress
Discussion on Assignments done by students so that all may benefit from the ideas
discussed by other fellows. It may serve as motivation of internalizing and focusing on
ethics principles highlighted.
ASSIGNMENTS:
These will be assigned according to the topics covered and discussion in class, with intent to
develop understanding and to analyze the level of internalization of ethics principles by
students within themselves.
MODE OF LEARNING: Lecture/ Discussion/case study/presentation
ASSESSMENT CRITERIA: Quiz/Assignments/Projects = 40%
Mid Term = 20 %
Final Exam = 40%
GRADING CRITERIA: 90 – 100 A+ 4.0
80 – 89 A 4.0
70 – 79 B 3.0*
60 – 69 C 2.0*
50 – 59 D 1.0*
Less than 50 F 0.0
Incomplete I-
Withdrawal W -
Replaced Grade - R
* to be increased by 0.1 for every 1 score above the minimum for the letter grade band.
COURSE PLAN:
Week # Main Topics Hours
1 Business Ethics in Islam: Introduction, Importance of Business at different levels. 03
Business Ethics in Islam (Mushtaq Ahmad) 03
2
Chapter2: The Quran and Amal (Amal & Tijarah)
Chapter3: Islamic Concept of God (Attributes of Allah; Principles Ordained by 03
3
Allah)
Chapter4: Qur'anic Concept of Business (Introduction, Gainful Business, Losing 03
4 Business, Maintenance of Records) (Maintenance of Records: Rewards and
Punishments)
Chapter5:Qur'anic View of Wealth (General Appreciation, Ownership) (The 03
5
Concept of Halal and Haram, The Concept of Barakah)
Chapter6: Qur'anic View of Wealth: Distribution of Wealth and its Effect on Society 03
6 (Emphasis on Infaq, Distribution: Methods and Institutions) (Equitable Distribution
and its Effects)
Chapter6- (continued:)
7
Chapter7: The Approved Business Conduct (Starts)
8 Chapter7: The Approved Business Conduct (continued) 03
9 MID TERM EXAM
9 Chapter8: Disapproved Business Conduct
10 Chapter8: Disapproved Business Conduct (continued)
BUSINESS ETHICS Concepts and Cases (Manuel G. Velasquez) 03
BRIEF OVERVIEW of Selected topics from:
11 Chapter One: Ethics and Business
Chapter Two: Ethical Principles in Business Ethics and Corporate Social
Responsibility
Chapter Three: The Market and Business 03
12
Chapter Four: Ethics in the Marketplace
13 Chapter Five: Ethics and the Environment 03
Chapter Six: The Ethics of Consumer Production and Marketing
Chapter Seven: Job Discrimination
14 Course Revision 06
15 & 16 Projects Presentation
Total 48
