Risk management approach within the company. Many small businesses close their doors and go bankrupt because of their inability to collect from customers. Checking the credit legibility of the buyers are key issues in collecting the prices of goods. Accounts Receivable اعقل وتوكل “ Tie your camel and have faith” Processors should make sure that they will get paid for the products they sell. Bribery, fraud, embezzlement and other unlawful means are Haram ģ. Money invested in business should not come from sources such as gambling, etc. “ Money does not give birth to money but work does”. Lawful Acquisition و أحل الله البيع و حرم الربا “ God has made trade permissible, but forbidden usury” The funds and financing used to run the business: purchasing, raising of animals, equipments, resources and paying for labor should be obtained and financed through Halal No interest “ Riba ” should be involved in the Halal business.
Haram (or un-acceptable elements include): filth and impurity such as pigs, spilt blood and dead carrion poisonous species such as snakes and intoxicants such as alcohol and narcotics. INTRODUCTION الدنيا وابتغي فيما اتاك الله الدار الاخره ولا تنسى نصيبك من “ and seek with what God has bestowed upon you the here after, but do not forget your share of this life” من عمل منكم عملا فليتقنه “ when one of you performs a work, he/she should perfect it” كلكم راع وكلكم مسوؤلن عن رعيته “ All of you are guardians and each one of you is responsible for what he guards” الاخذ بالاسباب the importance of using the right means for success,Įlements of Success: Acceptable Species حرمت عليكم الميتة و الدم و لحم الخنزير “ Forbidden on you the dead carrion, flowing blood, and the flesh of swine” Halal : must be derived from acceptable species of animals, plants and chemicals that are approved by Muslim scholars.
Ahmad Al-Absy Halal Transactions Omaha, Nebraska, USA ELEMENTS OF SUCCESS OF THE HALAL FOOD BUSINESS Dr.
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