The present study aims to contribute to the existing research in the field of business and shed more light on the business ethics from the perspective of Islamic economics. Assessing the compatibility and incompatibility of economic development indicators with Islamic doctrines is the main focus and central topic of this study. Nowadays, most Islamic countries are observed to be among underdeveloped or developing countries. Therefore, it is necessary to conduct a study in order to know whether Islamic teachings are barrier for accelerating the development process or not. To this end, economic development indicators in the form of commercial business from the perspective of Islamic economics are discussed.