Dabour Hub EGEgyptian Curriculum 2026/2027
First: the ethical basis of financial transactions

First: the ethical basis of financial transactions

Point 1 of 7 — Lesson 2: Business Ethics, the Prohibition of Fraud and MonopolyQuestion bank: 0 questions (0 with pictures)

01 First: the ethical basis of financial transactions

  • Islam builds financial dealings on justice, honesty and trustworthiness joined to mercy toward people.
  • It forbids usury (riba), fraud, monopoly and the exploitation of people's needs, so that solidarity and prosperity are preserved.

The default rule in transactions

  • "God has permitted trade and forbidden usury" — al-Baqara 275.
  • "O you who believe, do not consume your wealth among yourselves by false means, unless it be a trade by mutual consent" — an-Nisa 29.
  • Mutual consent (tarad) between the two parties is a condition of a valid sale.

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