Robin Trehan's  Instablog

Islam is a belief that’s based on submission, dedication and humbleness. So when it comes to business, those traits are instilled in its principles. Islam has specific teachings for business ethics that followers go by. They’re quite simple and easy to implement into your own business. When it comes to choosing a career, it is important for Muslims to choose something that is lawful, which means it won’t go against any of the teachings of Islam. For trade and business, it is taught that you should be honest and truthful. Some of the basic rules of business dealing includes: always speaking the truth, never misappropriate trust placed in you, always keep promises made, don’t try to find faults with merchandise you purchase (in order to get a discount or refund), don’t over exaggerate merchandise you’re selling and when you owe money you pay it back.

Trust is a very big deal in Islam and in their business teachings. This makes a lot of sense because in order to keep good relationships with customers, you have to keep the trust. When it comes to making promises, they must always be kept. There are various forms of promises: those made with yourself, with mankind and with the higher power. All pledges should be kept as best possible.

In the workforce, it is important that you give your mind, heart and soul to perform your best at your duties. In order to do so, you should have commitment/dedication, vision/foresight and decisiveness, will to work, consistency in good performance, best use of intelligence, fair play and continuous learning. Now, these may all sound a bit familiar. These should all be applied in the place of business no matter the background or company type. Implementing commitment in the work place helps a business to grow and become stable. With consistent dedicated workers, you won’t have to worry about backstabbers and slackers.

Debts owed should always be written on paper -- even if it is a small amount. The pen is mightier than a sword, so make great use of it. The payment arrangement should be fair and there should be two witnesses present (in Islam). Imagine following this procedure. A lot of people don’t write down small amounts that are borrowed because they feel like it’s nothing, but when they have a hard time getting it back, they realize it means a lot more to them than originally perceived. By writing it down on paper and having the lender and borrower sign the paper with witnesses there, there’s always three against one. So the lender is unable to claim more was owed and the borrower can never claim there’s no money owed. Money doesn’t grow on trees, so there must be an organized system to keep everything civilized.

Robin Trehan, is associted with private equity group of Credit Capital Funding. Also. More information www.creditcapitalfunding.com and www.businesscreditfunding.com