The Student Development (SD) committee and On-the-Job Training program of the Business Studies Department organized a webinar on “Prohibited Matters in Business in Islam and Ethical Practices in Organizations” via MS teams on March 16, 2021 from 12 noon to 1 p.m. to equip students with insights on different ethical practices in the business environment.
The resource speaker was Mr. Mughees Shaukhat, Islamic financial strategist, policy advisor, Fintech Specialist, and Chairman of Fingel Global Inc., Canada. He highlighted the means to earn legitimate income and how to manage the natural risks during the process of doing business.
In addition, the speaker emphasized that the rule of law, well- defined property rights and a high degree of trust, efficient contract enforcement, and good governance are the main principles that govern economic behavior of an individual and society. He concluded his lecture by explaining the difference between Riba and Ribh, transformational leadership and the challenges that need confrontation, ethical practices, and organizational behavior.
The session was attended by students taking up Business Ethics as a common course, Staff, and SD committee members.