The Impact of Business Ethics and Morals in Islam

Islam religion has started since 570 AD and all its followers believe in one God
(Allah) and Muhammad was the prophet of Islam (messenger of God) who delivered the
teachings of Islam in Mecca and Medina, Saudi Arabia (CNN, 2018). All business ethics and
morals are decided by Sharia law in Islam (CNN, 2018)." Kadir (2017) stated that “The
Islamic religion provides a great balance and comprehensive guidance in both the spiritual
and social matters with rules and regulations in the routine issues such as hygiene, diet,
education, work, the roles of people, and positive work attitude.” Islam religion has the
second largest followers around the world (BBC, 2014). Muslims believe in the businesses
which follow the ethics and morals according to Sharia. And those businesses who adhere to
such virtues congruously, they can become worldwide familiar to attract the people.
Therefore, which business works by maintaining equal balance to religious values as well as
business moralities and ethics according to that religion rules, that businesses can always
achieve the success and higher brand value.
Malaysia is an example where halal food is served with all Sharia rules, and they do
not compromise with quality and ethics (Albattat, 2018). It has given Malaysian food
businesses and hotels an opportunity to increase their halal tourism and halal hotel industry
where people from different countries come especially for their food and other tourist
activities. They have set stringent rules to follow business ethics according to Sharia
compliant.
Multinational companies also work on the same strategies and ethics while running
their businesses in Islamic countries. They give the training to their staff to follow the Sharia
rules in their all operations to run their business successfully. There are many key features
which different businesses follow to maintain business ethics and moralities, few of which
are: