Some Islamic concepts of business marketing and their logical explanations

Islam is a total way of life; the principles at its core are universal for all places and for all times. If business were to be transacted in accordance with the concepts of Islam, society could be profoundly changed. In Islam, there are proper ways of earning an income and improper ways of earning an income. If there is exploitation involved in a transaction, the transaction is an improper way of acquiring funds. Trade should be for mutual benefit. Bribery, hoarding, and excessive prices and profits are not just. The business community has a role to play in serving people's needs by being a means for acquiring goods of different sorts. Unfair business practices lead to a great deal of social distress. A businessperson cannot deceive or defraud a customer. The prevalent idea that the buyer ought to be wary of the seller is not applicable to the Islamic system--in such a setup, information about products is to be disclosed by the seller. It is more sensible that the responsib