Ethics and Islamic finance: a study of Islamic financial ethics and Islamic banks in Malaysia

Abstract

Although theology and religion have in the past been important in promoting ethics in business, their contributions may be ignored in the current discourse and literature on business ethics. Currently, business ethics is treated narrowly as an applied philosophy and social science, even though, on a practical level, religious teachings inform and shape the morality of a substantial portion of the business population. While business ethics is considered to be integrated within the wider framework of established Islamic ethical norms, a large part of Islamic literature on the subject is either theologically oriented or superficial and inadequate in its assessment of Islamic business principles..