My friend thought his business had failed. His employee disagreed.
Assalamu'alaikum, |
A friend of mine had to close his business recently. When he told his employees, he admitted he felt like a failure. |
One of his non-Muslim employees said to him: “How can you say that? Do you know how many families you took care of through your business? How many community projects you supported? Your business was a model of how ethical business should be conducted. That’s success!” |
If I asked any business school graduate what the purpose of a business is, most would say “profit maximization.” |
But what if making money wasn’t the purpose of business, but a means to worship Allah (SWT). |
That’s what I explore in my new article: What is a Business For? The 6 Purposes of Business in Islam. I write about how Islamic scholars viewed the purpose of business beyond profit or shareholder value maximization, including: |
To fulfill human need To achieve self-sufficiency and protect dignity To fulfill a communal obligation To circulate wealth To facilitate good works in the community To practice moral integrity
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I explore each of the above purposes with examples and stories and some practical insights. |
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If this article resonates with you, you’ll love our new Barakah Culture Leadership Program, which we just moved online this morning. |
We originally planned it as an in-person retreat in Dallas, but so many of you asked to join from elsewhere that we’ve moved it online, so you can take part wherever you are. |
It’s a six-week program for Muslim founders, CEOs, and people who lead teams, exploring what it means to run a business and lead people from an Islamic worldview, starting with the very ideas in this article. The program begins Nov 12th insha’Allah. Details and registration here. |
Sincerely, |
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