Islamic Ethics & Society
Moral principles, rights and responsibilities in Islam
Sources of Islamic ethics: Quran (primary), Sunnah/Hadith (secondary), Ijma (scholarly consensus), Qiyas (analogical reasoning).
Key moral principles:
Rights and responsibilities:
Business ethics: No riba (interest), no deception, fair weights, fulfilment of contracts, no exploitation.
Environmental stewardship (Khilafah): Humans are trustees (khalifah) of the Earth. Forbidden to cause fasad (corruption/destruction). Sustainability is an Islamic obligation.
Key Points to Remember
- 1Quran + Sunnah + Ijma + Qiyas = sources of Islamic ethics
- 2Adl (justice), Ihsan (excellence), Rahma (mercy) are core principles
- 3Rights: parents, neighbours, animals — all detailed in Quran and Sunnah
- 4Khilafah: humans as trustees of the Earth — environmental responsibility
Pakistan Example
Islamic Finance in Pakistan — No Riba in Action
Pakistan's Islamic banking sector holds over Rs. 7 trillion in assets (2024), with banks like Meezan Bank operating fully on Shariah-compliant principles — no riba (interest). Instead of charging interest on loans, they use murabaha (cost-plus-profit) and diminishing musharakah (shared ownership). This is Islamic business ethics from EdExcel Islamic Studies operating at national banking scale. The Zakat deduction system is also government-administered in Pakistan.
Quick Revision Infographic
Islamic Studies — Quick Revision
Islamic Ethics & Society
Key Concepts
Formulas to Know
Sunnah + Ijma + Qiyas = sources of Islamic ethicsIslamic Finance in Pakistan — No Riba in Action
Pakistan's Islamic banking sector holds over Rs. 7 trillion in assets (2024), with banks like Meezan Bank operating fully on Shariah-compliant principles — no riba (interest). Instead of charging interest on loans, they use murabaha (cost-plus-profit) and diminishing musharakah (shared ownership). This is Islamic business ethics from EdExcel Islamic Studies operating at national banking scale. The Zakat deduction system is also government-administered in Pakistan.