A Comparative and Applied Study of Qur'anic and Biblical Teachings on the Principles of Commerce and Business

Ahmad Bilal, Umer Yousaf and Ali Sheir
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Ahmad Bilal: PhD. Scholar, Institute of Islamic Studies, Punjab University Lahore, Pakistan
Umer Yousaf: Visiting Lecturer, Department of Islamic Studies, the University of Lahore, Lahore, Pakistan
Ali Sheir: Visiting lecturer at GC University Lahore, Pakistan

Bulletin of Business and Economics (BBE), 2024, vol. 13, issue 2, 384-390

Abstract: This study examines the ethical principles of commerce and business as outlined in the Qur'an and the Bible, providing a comparative analysis of their teachings and their application in modern business practices. The research explores key themes including honesty in trade, ethical treatment of workers, prohibition of usury, promotion of charity and social responsibility, and their implications for contemporary economic systems. Through detailed case studies of businesses implementing Qur'anic and Biblical principles, the study evaluates the outcomes and challenges of integrating religious values into corporate governance. It synthesizes findings from primary sources—Qur'anic verses and Biblical passages—as well as secondary sources such as scholarly articles and commentaries. The significance of this study lies in its contribution to understanding how religious teachings can inform and guide ethical business conduct, fostering trust, sustainability, and social responsibility. Recommendations for future research and practice highlight opportunities for further exploration and implementation of these principles in diverse cultural and regulatory contexts.

Keywords: Qur'anic teachings; Biblical teachings; commerce; business ethics; comparative analysis; ethical business practices; social responsibility (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:rfh:bbejor:v:13:y:2024:i:2:p:384-390

DOI: 10.61506/01.00342

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