Best Business Practices

Finding Trustworthy Business Partners

Finding Trustworthy Business Partners

Finding Trustworthy Business Partners

In the story of David and the Two Angels mentioned in the Qur’an we have David saying after the encounter:

“Truly, many are the partners in business who wrong each other: not so those who believe and work deeds of righteousness, and how few are they?”

This was stated over 3000 years ago and still holds true to this day. How many business partners fall out due to pride, greed and dishonesty?

To overcome this problem, the Qur’an advises us in Surah Baqarah, verse 282:

“Oh you who believe when you contract a debt for a fixed term record it in writing”.

The word debt also means obligation or responsibility and fixed term means to ensure the contract has a period of validity.

All business agreements must have a signed off memorandum of understanding and even simple promises to employees we must give in writing and instruct them to invoke it once they achieve their targets.

This is because man is by nature forgetful, which is why the Qur’an contains so many reminders to the children of Adam. After all, the very reason why we are on earth is Adam’s forgetting his promise to God not to eat of the forbidden tree. How easy indeed it is for us to forget our promises.