The Role of Islamic Values in Shaping Business Ethics and Morality

This report examines the influence of Islamic principles on business ethics and practices. It highlights that Islamic ethics, guided by Sharia law, are crucial for businesses in Muslim communities. The report discusses how businesses, especially in countries like Malaysia, adhere to these principles, such as serving halal food and respecting religious values. It also explores key features like halal food services, clothing businesses, and women's involvement in business operations. The report emphasizes the importance of maintaining a balance between religious values and business ethics, which leads to success and brand value, particularly in countries like the United Arab Emirates and Saudi Arabia. The study underscores the significance of these ethics for economic growth and the empowerment of Muslim communities.

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:

 Hotel businesses serving Halal foods:
Restaurants are expected and required to provide only Halal foods while running
in Muslim countries or communities. It gives them more opportunity to make their
brand value and popularity by following such strategies of making halal foods.
 Cloth business:
Cloth businesses are also required to follow business ethics and moralities
according to Sharia and who provides the clothes according to Islam religion and
festivals for both genders and for different age of people, they always become
dominant in Muslim societies. Moreover, they are considered to be safer for
women to go shopping with full ease.
 Women’s involvement in business operations:
Organizations which are involving women into the business operations and
providing them full security and safety by following the religious rules at working
places are always gaining high trust values among Muslim societies. From last
few years, women’s in Muslim countries have also started to drive cabs and taking
full participation in all other business operations equally to men. Those firms are
providing full security on workplaces especially to the women staff.
All of these features are not only empowering the Muslim people and religion
believes but also benefiting their whole country’s economy simultaneously. Those countries
are progressing at rapid speed with both in the Islamic context and business ethics and
moralities in the parallel, e.g., United Arab Emirates, Saudi Arabia and many more.