WORLD HISTORY

Detailed explanation-1: -It sets code of ethics that govern all types of management which include: trustworthy, honesty, competence and accountability, etc. These principles ensure that man manages the resources that Allah bestowed upon him based on Shariah.

Detailed explanation-2: -Some important and significant principles of Islamic human resource management are trust, sincerity, justice, consultation, equality, division of labour, delegation of authority and remuneration or payment of employees. Islamic management is based on mutual trust between managers and subordinates.

Detailed explanation-3: -Islamic civilisation is committed to two basic principles: oneness of God and oneness of humanity. Islam does not allow any racial, linguistic or ethnic discrimination; it stands for universal humanism. Besides Islam have some peculiar features that distinguish it form other cotemporary civilisations.

Detailed explanation-4: -Generosity and Leniency in Business Transactions The Prophet’s exhortation to Muslims means that a creditor should be lenient and generous in demanding back his money. The debtor, in turn, should also give back the debt to the creditor on time with due thanks and politeness.