Why study Islam, Ethics and Business?

EENI Business School & HA University



Why study Islam, Ethics and Business? (Course / Master / Doctorate)

Related Doctorates, Masters and Courses:

  1. Courses: Islam, Ethics and Business, Central Eurasia, Maghreb, Middle East
  2. Doctorates: Ethics, Religions & International Business, Islamic Business, Asian Business, African Business
  3. Masters: Religions & Business, Muslim Countries, Africa, Asia

Why study the course “Islam, Ethics and Business”?

Islam is the second religion in the world (23% of humanity, 1,570 million Muslims), being the religion with the fastest growing population in the world.

Civilisations and economic integration (Master)

This online educational program is aimed primarily at those managers and companies who wish to do business in the fifty-four countries where Islam is the majority religion. These “Islamic countries” make up the Islamic Economic Area composed by:

  1. Arab Economic Area
    1. Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (The six countries of the Gulf Cooperation Council)
    2. Iraq, Jordan, Lebanon, Palestine, Syria, and Yemen
  2. Central Eurasian Economic Area
    1. Afghanistan, Azerbaijan, Albania, Iran, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan, Turkmenistan, Turkey, and Uzbekistan.
    2. Bangladesh and the Maldives are included in this economic area because of their growing economic integration in the region.
  3. Malay Economic Area
    1. Indonesia, Malaysia, and Brunei (the three ASEAN Muslim Countries and APEC members)
  4. Maghrebian Economic Area
    1. Morocco, Mauritania, Algeria, Tunisia, and Libya (member countries of the Arab Maghreb Union)

Arab Maghreb Union (AMU, Master Course)

It also includes the Western African Economic Area and the Eastern African Economic Area (although they belong to the African civilisation) being Islam, Christianity and the African Traditional Religions the main beliefs. 489 million Africans are Muslims (47% of the African population).

Countries in the Western African economic area with a Muslim population over 50%: Burkina Faso (65%), Gambia (90%), Guinea Conakry (92%), Guinea-Bissau (50%), Mali (94%), Niger (96%), Nigeria (50%, the largest African economy), Senegal (95%) and Sierra Leone (65%).

Countries of the Eastern African Economic Area with a Muslim population over 50%:

  1. The Comoros (99%), Egypt (85%), Eritrea (50%), Somalia (100%), Sudan (80%), and Djibouti (99%)
  2. Countries with major Muslim minorities: Kenya, Mozambique, Tanzania, and Uganda

Niger Basin Authority (Master, Africa)

While Islam is lived differently in Asia, Africa or the Middle East, there is no doubt that the influence of Islam is very important on the way of doing business, in the personal relationships, between the countries, in the culture or in politics.

Anyone who does not belong to the Islamic Civilisation (Western, Hindu, Buddhist, Sinic...) should know the Five pillars of Islam and how they influence the way of doing business of the “Islamic companies”, which can be very different compared to the companies from other economic areas, thus avoiding the intercultural conflicts.

Five Pillars of Islam (Doctorate)

Understand the differences between Sunnis and Shiites, the importance of the Ummah (Islamic community in Asia, India, ASEAN, Africa), the function of Zakat, the application of the Sharia (Islamic law), the different schools of Fiqh (Islamic Jurisprudence), the growth of the Islamic Banking and finance, the principles of the Islamic Economics, the role of Saudi Arabia as the central state of the Islamic Civilisation, the role of the Arab Development Funds for the expansion of Islam, or the main Islamic organisations (Organisation for Islamic Cooperation, Islamic Development Bank, Arab League...) is necessary to understand the current Islamic civilisation.

Sharia Islam

For example, a person from another civilisation, should understand that the separation between Church and State, characteristic of the West, is not necessarily perceived in the same way by many Muslims. It is also necessary to know the implications of the Human Rights in Islam (Cairo Declaration).

To better understand the influence of Islam on business, the profiles of several Muslim Businesspeople are analysed, mainly from the Arab, Asian and African economic areas.

Arab Women and Business

  1. Saudi Arabia: Lubna Olayan (one of the most influential businesswomen in the world), Hayat Sindi
  2. Kuwait: Shaikha Al Bahar, Maha Al-Ghunaim
  3. Qatar: Hanan Al Kuwari
  4. United Arab Emirates: Lubna Bint Khalid Al Qasimi (the most powerful Arab woman), His Excellency Reem Ebrahim Al-Hashimi, Amina Al Rustamani, Shaikha Al Maskari
  5. Lebanon: Ayah Bdeir
  6. Jordan: Randa Ayoubi

Lubna Olayan Businesswoman Saudi Arabia, Course

To understand the increasingly important role of women in Islam, the cases of Tawakkol Karman (Nobel Peace Prize, Yemen) and Haifa Al-Mansour (Film director, Saudi Arabia) will also be analysed.

Arab Businessmen

  1. Bahrain: Yusuf Bin Ahmed Kanoo
  2. Kuwait: Jawad Ahmed Bukhamseen, Nasser Al Kharafi
  3. Oman: Mohammed Al-Barwani
  4. Saudi Arabia: His Royal Highness Prince Al Waleed Bin Talal (one of the largest investors in the world), Sulaiman Al-Rajhi (founder of one of the largest banks in the region, renounced all his riches), Sheikh Mohamed Bin Issa Al Jaber, Sheikh Mohammed Hussein Ali Al-Amoudi
  5. United Arab Emirates: Abdul Aziz Ghurair, Majid Al Futtaim

Sulaiman Al-Rajhi Saudi Businessman (Course Master)

African Muslim Businesswoman

  1. Egypt: Minoush Abdel-Meguid
  2. Nigeria: Hajia Bola Shagaya (one of the richest women in Africa), Amina Odidi
  3. Somalia: Iman

Hajia Bola Shagaya Nigerian Businesswoman (Course Master)

African Muslim Businessmen

  1. Algeria: Ali Haddad
  2. Egypt: Hassan Abdalla, Tarek Talaat MoustafaMohamed Mansour, Ahmed Mekky
  3. Kenya: Naushad Merali
  4. Nigeria: Alhaji Aliko Dangote (the richest person in Africa), Alhaji Muhammadu Indimi, Adewale Tinubu, Abdulsamad Rabiu, Olufemi Otedola, Tunde Folawiyo
  5. Morocco: Othman Benjelloun (the richest man in Morocco), Anas Sefrioui, Mohamed Hassan Bensalah, Aziz Akhannouch, Miloud Chaabi
  6. Sudan: Mohamed Ibrahim (one of the hundred most influential people in the world), Osama Abdul Latif
  7. Tanzania: Reginald Mengi (from being born in a mud hut to being one of the biggest entrepreneurs in East Africa), Said Salim Bakhresa, Mohammed Dewji
  8. Tunisia: Mohamed Ali Harrath

Alhaji Aliko Dangote Nigerian Businessman, Course

Asian Muslim Businessmen

  1. Bangladesh: Muhammad Yunus (founder of the microcredit concept, banker and Nobel Peace Prize winner), Muhammad Abdul Mannan, Salman Rahman
  2. India: Azim Premj (third richest in India), Yusuf Hamied (founder of one of the largest generic laboratories in the world: vaccines for all at affordable prices)
  3. Indonesia: Sandiaga Salahuddin Uno
  4. Iran (companies): Bonyads (20% of the Iranian GDP), Islamic Revolutionary Guard
  5. Malaysia: Tan Sri Mokhtar
  6. Pakistan: Mian Muhammad Mansha, Dewan Farooqui

Yusuf Hamied (Indian Muslim Businessman, Course)

For each of these Islamic economic areas, the main economic organisations, trade agreements, as well as the profile of each of the Islamic countries are analysed in a summary form. In addition, the Economic Integration of the Islamic Civilisation, the interactions between these economic areas and the Interactions of the Islamic Civilisation with the other civilisations will be analysed.

Some economic organisations analysed: Arab League, Islamic Development Bank, Organisation of Islamic Cooperation (OIC)), Preferential Trade Preferential System among the Member States of the Organisation of Islamic Cooperation (TPS-OIC), Islamic Chamber of Commerce and Industry, Afro-Arab Cooperation...

Afro-Arab Cooperation (Doctorates, Masters)

Therefore, this course is also recommended for anyone who wants to do business with companies in the Islamic economic area anywhere in the world or who wants to work in a company of Islamic origin.

Note. This course does not analyse those countries where Islam is not the majority religion (such as China, India, or Russia).





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Paterson Ngatchou: EENI Academic Coordinator for Anglophone Countries
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