An Introduction to the Islamic Perspectives of Conducting Business

Abstract

This article is an introduction to the Islamic perspectives with respect to conducting business activities without engaging in the utilization of the interest rate (Ribba) mechanism. Several examples of allowed mechanisms in Islam are presented (such as partnership, leasing and investment funds). The benefits to the society should be seen as a priority and the individual benefit should not contradict the society’s benefit. Ethics and moral orientations in Islam are more important than the creation of laws.

Keywords: Islamic perspective, Interest rate, Moral orientation