Views Of Quran On Consumer Protection

Holy Quran is a divine revelation given by the Almighty Allah to the Prophet Muhammad (P.B.U.H) through the angel Gabriel. It was completely composed in 632 AD. Quran is the most efficient, effective and enforceable tenets that can benefit the consumer. Islam arrived in the 7th century in India and it has played an influential role in the Indian consumerism since then. In 624 AD, during the period of life of Prophet Muhammad (P.B.U.H), his disciples came to Kerala and martyred in the name of Islam. There the local king summoned Malik to his court room in order to understand about why all these practices are different from all the other traders. There Malik was told that he was among the followers of the religion Islam and all of his honest principles were very much derived from the teachings of the Prophet Muhammad (P.B.U.H). The story continues and it impressed the king so much that Cheraman Perumal became first Indian to convert to Islam. After this he left to Mecca for Hajj. The message of story is that the teachings of Islam are powerful enough to win the heart of King and his followers. Online Quran Learning tells more about the laws of Quran related to the consumer protection. There is no other way for a Muslim businessman to satisfy a consumer. There are many ups and downs in the market, but the businessman has to satisfy his customers even when the economic forces show less profit. Profits show you ways to keep the business alive till the end of consumer satisfaction. Unlike other religious texts, contrast of Quran is very clear on what can or cannot be done while following the practices of trade. Holy Quran has its own point of view on imposing the harsh punishments on those who go for the unethical practices. Holy Quran speaks clearly about importance of contracts. In 5:1, Holy Quran states: “The almighty says… O you who believe! Fulfill your contracts”. The concept of standardized measures and weights were very well known in the Islamic society. As it is said in the Chapter 83, verses 1 to 3 states: “Woe to those that deal in fraud; Those who have to receive by measure from men, exact full measure, but when they have to give by measure or weight to men, give less than due. Do they not think that they will be called to account?”. Verse 35 of Chapter 17 explains, “Give full measure when ye measure, and weigh with a balance that is straight; that is the most fitting and the most advantageous in the final determination.” Now-a-days, more and more people are looking for storing the food. Holy Quran strictly prohibits the storage of food and states that food grains must not be stored for more than 40 days for achieving profit. This is quite amazing that the sayings and miracles of Holy Quran at that time are still applicable in the modern concept of consumers like calibration of measures, standardization, anti-hoarding principles for the contractual law and supply chain, and they are also necessary for the accountability and transparency in the macroeconomic system of nation.