October 19, 2021

Coin Tastic

Business Managements for you

Forbes

International business is becoming the norm these days. Islam which reaches from the west coast...

International business is becoming the norm these days. Islam which reaches from the west coast of Africa to the Philippines and across a wide band that includes Tanzania, Central Asia, Western China, India, and Malaysia, has more than a billion followers11. Islam is also a significant minority religion in many parts of the world, including Europe. Islam has a pervasive role in the life of its followers, referred to as Muslims, through the Sharia (law of Islam). This is most obvious in the five stated daily periods of prayer, fasting during the holy month of Ramadan, and the Hajj, the pilgrimage to Mecca, Islam’s holy city. While Islam is supportive of business management, it nevertheless strongly discourages acts that may be interpreted as exploitation. Islam is also absent of discrimination except to those outside the religion. Some have argued that Islam’s basic fatalism (that is nothing happens without the will of Allah) and traditionalism have deterred economic development in countries observing the religion.