Individuals interact with different members of the society in their day to day life. These interactions are mostly governed by a set of behavioral standards that in turn determine what is good and bad. Honesty, integrity, truthfulness, transparency, reliability, faithfulness and the like are some of the virtues of ethics. In the same manner, companies also practice a set of values that guide business transactions and their relations with employees, customers, suppliers and government bodies. All in all, ethical values enable us to be vigilant in our relationship with others and create auspicious environment for us and others. The two renowned personalities in their contribution to Islamic economics and finance, Zamir Iqbal & Abbas Mirakhor, authored a book titled "Ethical Dimensions of Islamic Finance: Theory and Practice" as part of Palgrave Studies in Islamic Banking, Finance, and Economics. The authors address the significance of ethics in economic activities, business dealings and financial transactions in achieving an overall development without causing damage to any particular group of the society. The authors elaborate ethics from the perspective of conventional as well as Islamic economics and finance, business practices and development. They lay emphasis on risk sharing as a favored method of financial and economic transactions. The first part of the book discusses the prominence of ethics in finance and cites recurrent financial predicaments, broadening income and wealth dispropor-Dr., Istanbul University.
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