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The theistic concepts of Tawheed, Khilafah and Akhirah govern the Islamic way of life. Belief in the single source of creation defies racial, ethnic or gender basis of biases. According to Islam, all creations belong to Allah. Tawheed also implies interrelatedness of all things in nature due to common status as creatures originating from a single source, i.e. the will of a Supreme Being. Animals and plants are partners to humans in the universe. Simultaneously, the concept of Khilafah raises the stature of human beings as moral beings with an inbuilt and active conscience, which provides the ability to differentiate moral from immoral acts. The concept of Khilafah inculcates the responsibility of custodianship, trusteeship and stewardship in human beings with regards to the use and ownership of physical property and environmental resources. The two worldly view of life in Islam extends the decision horizon of economic agents, be they firms or consumers.
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