The honest and truthful businessmen will be in paradise
amongst the prophets, the truthful, and the mytyrs’’.
As we know, Muslims base their life and their behavior in the Quran, but would you think that Muslims base their business on the Quran as well?
The Quran has faced another issue in nowadays world; it has to deal with electronic commerce and the world of IT. The total isolation of countries is not possible in a globalized world, and Muslim countries have to deal with this situation.
E-commerce is not a new concept, Islamic religious are not totally familiarized with this concept or the way business are carried out through this mean, however, the Quran seems to be familiar with it. Muslims also found a justification in the Quran for this issue… if the transaction fulfills two basic prerequisites it is a legal transaction and Muslims can undertake this concept of commerce. These prerequisites are:
Permissibility: Which means that the good or service must be permissible by the Islamic Law (Syariah)
Harmlessness: this means that the good or service can’t be harmful for the parties or for the public in general.
And taking into account that transactions used to be carried out face-to-face, there are certain norms that have to be carefully fallowed in order to ensure the legality of the transactions; these norms are first of all, clear definitions , enough information about not only the product but the payments and post sales services, transparency between the parties.
According with the aforementioned, and the principles of the Islamic religion (Truthfulness, sincerity and honesty) we could expect a totally transparent transaction when doing business, nonetheless, based on personal experience I can say that this is not always true, and that we can find those who cheat and try as much as they can to gain a profit, even if it means lie about a product.
Human beings need to believe in a creator, and need to be told what to do. This is the human nature. Muslims are recognized around the world because they are adoring fans of their religion and their sacred book, we generalize saying that “Muslims obey and act based on their religious precepts’ BUT we can find exceptions, and (no offense) we can’t expect to have the most transparent and honest transaction just because the counterparty is a Muslim.
Nevertheless, there

are certain some advices given by Islam to ensure the legality of the e-commerce, and if we know these rules, it would be easier to identify if we are doing business with a Honest Muslim or a Muslim that has not fear when it comes to cheating. These rules are:
The initiation of the contract the bid and acceptance of the transaction, being as clear and specific as possible
Confirming the validity: In this stage gambling is avoided, no pressures, the clear demonstration of interest and avoid the uncertainty.
Implementation: this is a proof stage, where we prove that the owner of the product is one selling it and that the product has any liability.
Binding: Both parties sign a contract, but before doing so, both parties have to confirm the information they have about each other.
Delivery: in this stage the delivery and the payment take place, however there is a very important issue to consider; Muslims try to avoid as much as they can credit cards because it involves an interest rate, and it is forbidding in the Islamism.
In conclusion we could say that, first Not every Muslim will avoid cheating when doing business, there is always an exception of the rule, however if we take into account how the right way of doing business is, we could avoid an non successful transaction. Knowledge is the base of success.