28.05.2012 - Ethics and finance: Perspectives of the Shar?ah and its higher objectives (Maq?id)
The interest-based financial system has nurtured a debt-ridden environment that inflicts anxiety on people with mortgages and business loans lest they are caught in debt-traps and forced failures. This would explain the radical change of attitude in recent decades toward the importance of ethics in business almost everywhere. Leonard Swidler of Temple University thus spoke of the “rise of business ethics and spiritual movement,” in many western quarters manifested by the emergence of institutions such as the World Business Academy, the Council for Ethics in Economics, the Caux Roundtable, and the Global Dialogue Institute – all based in the United States...............................................Full Article: Source
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