Analytical Study of Some Islamic Teachings regarding Consumption & Consumer Protection

This paper presents the authenticity of Islamic teachings about the modernism. No doubt, consumerism showed their rights to the consumers and for redress of their loss, legislation and special consumer courts were set up. In Western countries mostly, people think while in Eastern countries some people think that consumerism gave legal support to the consumers in the present era. But this paper presents some teachings of the Holy Quran and Hadith Sciences (that are basic sources in Islamic Shariah) regarding consumer protection. By analyzing these teachings of Islam, this shows that western consumerism is not new because Islamic teachings have provided us with plenty of commandments that protect consumers and encourage traders to involve in fair dealings. Besides many verses of Holy Quran, the names of two surahs are also given by such words that condemned the wrongdoings and wrong intentions for wealth i.e. ‘Sura Mutaffefeen' and ‘sura Takathur'. In many verses of Holy Quran, it is forbidden to give less in weight or in measurement and Arabic word ‘Bakhs' is used for forbidden which means shorten the quantity or quality than required. Similarly, six authentic books of hadith sciences also have Kitab al-Boyou (books of transactions) in which trade matters related to consumers and producers are commanded and negative issues that disturb business matters are forbidden.