Ethics in Trade and Business in Islam

1. : What is the fundamental principle of business ethics in Islam?
(A) Profit maximization at all costs
(B) Honesty and fairness in dealings
(C) Exploitation of customers
(D) Concealing product defects

2. : Which practice is strictly prohibited in Islamic trade?
(A) Partnership (Musharakah)
(B) Interest (Riba)
(C) Profit-sharing (Mudarabah)
(D) Halal investment

3. : What did Prophet Muhammad (ﷺ) say about the truthful and honest merchant?
(A) He will be with the rulers
(B) He will be with the Prophets, the truthful, and the martyrs
(C) He will have wealth in abundance
(D) He will be forgiven without accountability

4. : What is the ruling on fraud and cheating in Islamic business ethics?
(A) Permissible if profit is high
(B) Strongly condemned and sinful
(C) Acceptable in competitive markets
(D) A recommended business strategy

5. : Which Qur’anic Surah warns against fraudulent trade and short measure?
(A) Surah Al-Baqarah
(B) Surah Al-Mutaffifin
(C) Surah Yaseen
(D) Surah Al-Fatiha

6. : In Islamic trade ethics, what does Amanah (trustworthiness) mean?
(A) Keeping trade secrets hidden
(B) Fulfilling commitments and being reliable
(C) Maximizing business profits
(D) Expanding global markets

7. : What is the Islamic ruling on monopoly (Ihtikar) to exploit prices?
(A) Recommended
(B) Forbidden (Haram)
(C) Permissible with conditions
(D) Obligatory