Ethics of Trade

Friday sermon (jum'ah khutba) by Sheikh Abdal Hakim Murad - 19 February 2010 - Cambridge - 28 mins 15 secs

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What is the place of ethics in trade and business? Judging by the exploitation of the developing world through 'free trade' or the disastrously amoral speculations of international banks, one might conclude there is no place for them. In this sermon, Sheikh Abdal Hakim reminds us that despite the example of the major economic forces around us, we each have individual responsibilities when we engage in any kind of trade. The benefits of the justice and fair dealing mandated for us by the example of Allah's Messenger (peace and blessings upon him) would of course have huge social benefits if all of us upheld them. But even more important than any worldly benefits of course, is Allah's reckoning of our dealings on the Last Day, when the everlasting profit or loss is accounted. May He forgive us our shortcomings and in His Mercy make the judgment easy upon us.

PS Part 3 of 'Islam in/and/of the West' next week inshaAllah.

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Accounting, Here & Hereafter

Jumu'ah khutba (Friday sermon) - Sheikh Abdal Hakim Murad - 17 October 2008 - 28 minutes 45 seconds

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Worldwide shares tumbling,
Where do we put our trust now?
Return to The One!

A very topical sermon this time as the sheikh relates the Qur'anic injunction against riba' (interest) to the current problems of the world financial system. Although of course the Qur'an and the example of the Prophet (peace be upon him) validate and even valorise trade, they present a radically different ethical approach to business than the dehumanised modern economic system. Highly recommended listening to anyone seeking a sound framework to think about the economic crisis.

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