Just like Christianity,Islamic views on business are also contained in their holy book called theQur’an. The Qur’an insists on honesty in running a business. There should be noevil motives or ill will when conducting business affairs (Beekun, 1997). Interest on loans is banned asthe Qur’an sees this as exploitation.
False advertising is also banned. Infact, a buyer can return an item he or she purchased if the seller used falseclaims in selling the item. In conducting business activities, elements ofsocial function should be incorporated. These elements are alms and Zakat.
Measurements like weights and dosages should be correct. Goods sold should notbe illegal. Employees should be paid promptly on work done. A business shouldnot behave in a monopoly manner, others should have a chance to join themarket. A business should pay its debts in time and a debtor should be givengrace period if he or she is unable to pay a debt in time. Above all, businessshould not interfere with a Muslim’s worship of God.JudaismviewsJews base their views andlaw on the Torah, their holy book.
Various topics about running a business arecovered inside. It is worth noting that in the Torah, there are more lawsreferred to as Mitzvot governing kashrut or fitness of one’s money than kashrutof food. Therefore, Rabbinic literature covers these views extensively (Levine, 2000). The views can be classified aseither ethical or legal; Mussar or Halakha. They both mainly cover dishonesty.Ethical views mainly cover honesty in business. This honesty is seen as key inthe development of character. Legal views cover a wide range of activities.
Measurementsand weights should be accurate. There is to be no deception in the conduct ofbusiness of any kind, whether monetary or verbal. A transaction can becancelled if it is deemed that the seller was deceptive to the buyer.
Falseadvertising and taking advantage of someone is strictly prohibited. Workersshould be treated with respect. They in turn should not waste time at work butinstead work hard for their employers. It is also the responsibility of theemployee to blow the lid in case there is any wrongdoing happening in the workplace.
The employee should report the employer to the relevant authority wherethere is reasonable expectation of his or her issues addressed withoutvictimization.HinduismviewsThe basis of Hinduism isbased on a text called Bhagavad-Gita (Ura, 2015).In the text, Krishna is advising Arjuna on virtues that builds character tocreate a system that is ethical.
One of them is how to behave at work. Thisshould be a reflection of an individual’s overall behavior. In business,Krishna advises that it is good to be simple, peaceful and of good charity.
Honesty is encouraged by both employers and employees being truthful. Tempershould be minimal, and instead mild-mannerisms should be practiced. Being cleanat work is also encouraged.
Employees should be obedient and their employersmerciful. Work should be equitable with no one being overburdenedunnecessarily. Other qualities that should be practiced in the workplaceinclude being humble, compassionate, respectful of others and sober. One shouldalso be eloquent, steady and determined. Conciseness and striving to be anexpert is also encouraged.
BuddhistviewsBuddhist views onbusiness ethics are guided by the Eightfold Path that is at the heart ofBuddhist teachings and traditions. The Eightfold Path has eight elements. Theseare: Right View, Right Intention, Right Action, Right Speech, Right Livelihood,Right Effort, Right Mindfulness and the Right Concentration (Rutirasiri, 2014). These elements act asguide to how one conducts himself in a business setting; be it the employer orthe employee, or a business person conducting business deals. The elements callfor good judgement to be conducted in every aspect of conducting business. Theintentions of what one wants to do are first evaluated. The intentions shouldbe good with no ill will or evil. If theintentions are agreeable then the actions are evaluated.
The actions shouldhelp or benefit and not harm. They should also be sincere. This also coversspeech, livelihood and effort. Paying attention is also part of the elements.This calls for preparing early enough; be it meetings, presentations, or futureunforeseen problems.ConclusionDifferent religions havedifferent views on business ethics. What, however, all of them have is thatbusiness should be conducted in an honest manner and to the best of one’sability. Dishonesty and ill motives should have no place in the work place.