What are the principles of trading in Islam?

Trading in Islam is guided by certain principles to ensure fair and ethical practices. Some of these principles include the prohibition of riba (interest), gharar (uncertainty), and haram (forbidden) goods such as alcohol and pork. Additionally, honesty, transparency, and mutual consent are emphasized in all transactions. Traders are encouraged to conduct business with integrity, treat customers fairly, and seek to benefit society as a whole. Overall, trading in Islam is intended to promote justice, equity, and social responsibility.

This mind map was published on 26 February 2024 and has been viewed 59 times.