Business Ethics Index in Islam

Drawing attention to ethic's functions in the business environment is one of the achievements of interdisciplinary studies between ethics and economics. In this connection, some fragmentary attempts have been made to examine the status of business ethics. The main question, here, is that whether one can extract the business ethics Indicator using Islamic standards and ethical concepts. Using descriptive-analytical method, the present article tries to extract some indicators to measure business's morality based on Islamic approach. Designing the relevant index requires that the concept of Islamic business ethics be defined and its components and indicators be determined. The results show that one can evaluate the status of business ethics on the basis of these three value concepts: justice, fairness, and beneficence. The proposed Indicators have some specific components being extracted from Quran verses and Hadiths of Imams (as). The proposed Index is a weighted average of indicators.