Islam, Ethics and Business (Online Course)

EENI Business School & HA University



e-Learning Course - Islam, Ethics and Business. Islamic Economic Areas.

The Online Course “Islam, Ethics and Business” (15 ECTS) taught by EENI Business School & HA University consists of five modules:

  1. Introduction to Islam (2 ECTS)
  2. Islam and Business (3 ECTS)
    Main economic organisations related to Muslim countries (5 ECTS)
  3. Islamic Economic Areas (4 ECTS)
  4. Arab Development Funds (1 ECTS)

Islam and Business (Doctorate, Master)

  1. Professional Doctorate in Global Ethics, Religions, and International Business
  2. Master in Religions, Business and International Economic Relations

Why study the course “Islam, Ethics and Business?

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

This course is aimed primarily at those companies and managers who wish to do business in the fifty-four countries where Islam is the majority religion. These “Islamic countries” make up the economic area of Islamic civilisation, composed of the Arab, Eurasian, Malay and Maghreb economic areas.

It also includes the economic areas of West and East Africa (although they belong to the African civilisation) being Islam, Christianity and traditional African religions the main beliefs.

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

Modules of the Course “Islam, Ethics and Business

Module 1- Introduction to Islam (2 ECTS)

  1. Introduction to Islam
  2. Prophet Muhammad
  3. Holy Quran
  4. Expansion of Islam
  5. The first schism of Islam: Sunnis and Shiites
  6. Introduction to Sufism
  7. Five pillars of Islam: Profession of Faith, Prayer, Charity (Zakat), Fasting, and Pilgrimage to Mecca
  8. Cairo Declaration on Human Rights in Islam
  9. Case Study: two prominent Arab Women
    1. Tawakkol Karman - Nobel Peace Prize (Yemen)
    2. Haifa Al-Mansour - Film Director (Saudi Arabia)
  10. Introduction to Arabic language
  11. The Ummah (Muslim Community) in...
    1. Asia
    2. India
    3. ASEAN
    4. Africa
    5. Middle East

2- Islam and Businesses (3 ECTS)

  1. Economic Impact of Zakat
  2. Sharia (Islamic Law)
  3. Fiqh (Islamic Jurisprudence)
  4. Islamic Economics
  5. Islamic Banking
  6. Islamic Marketing
  7. Islamic Consumer
  8. How to negotiate with Muslim Countries
  9. Cultural Profiles of the Arab Countries. Patterns by country

Muslim Business People

Arab Women and Business

  1. Saudi Arabia: Lubna Olayan (one of the most influential businesswomen in the world), Hayat Sindi
  2. 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
  3. Kuwait: Shaikha Al Bahar, Maha Al-Ghunaim
  4. Qatar: Hanan Al Kuwari
  5. Jordan: Randa Ayoubi
  6. Lebanon: Ayah Bdeir

Arab Businessmen

  1. 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
  2. Bahrain: Yusuf Bin Ahmed Kanoo
  3. United Arab Emirates: Abdul Aziz Ghurair, Majid Al Futtaim
  4. Kuwait: Jawad Ahmed Bukhamseen, Nasser Al Kharafi
  5. Oman: Mohammed Al-Barwani

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

African Muslim Businessmen

  1.  Algeria: Ali Haddad
  2. Egypt: Hassan Abdalla, Tarek Talaat MoustafaMohamed Mansour, Ahmed Mekky
  3. Kenya: Naushad Merali
  4. Morocco: Othman Benjelloun (the richest man in Morocco), Anas Sefrioui, Mohamed Hassan Bensalah, Aziz Akhannouch, Miloud Chaabi
  5.  Nigeria: Alhaji Aliko Dangote (the richest person in Africa), Alhaji Muhammadu Indimi, Adewale Tinubu, Abdulsamad Rabiu, Olufemi Otedola, Tunde Folawiyo
  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

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 Iran's GDP), Islamic Revolutionary Guard
  5. Malaysia: Tan Sri Mokhtar
  6. Pakistan: Mian Muhammad Mansha, Dewan Farooqui

3- Main Economic Organisations related to Muslim Countries (5 ECTS)

  1. Arab League
  2. Organisation of Islamic Cooperation (OIC)
    1. Trade Preferential System among the Member States of the Organisation of Islamic Cooperation (TPS-OIC)
    2. Standing Committee for Economic and Commercial Cooperation of the Organisation of Islamic Cooperation (COMCEC)
    3. Islamic Chamber of Commerce and Industry
    4. Islamic Centre for Development of Trade
    5. Statistical, Economic and Social Research and Training Centre for Islamic Countries (SESRIC)
  3. United Nations Economic and Social Commission for Western Asia (ECSWA)
  4. Islamic Development Bank
  5. Cooperation Council of Turkic Speaking States
  6. Asia-Middle East Dialogue (AMED)
  7. Summit of South American-Arab Countries (ASPA)
  8. Afro-Arab Cooperation
  9. Africa-Turkey Partnership
  10. Indian-Ocean Rim Association (IORA)
  11. Asia Cooperation Dialogue (ACD)

4- Economic Areas of Islamic Civilisation (4 ECTS)

  1. Introduction to Islamic Civilisation
  2. Islamic Economic Areas:
    1. Arab Economic Area
    2. Central Eurasian Economic Area
    3. Maghrebian Economic Area
    4. Malay Economic Area
    5. African Economic Area (belonging to the African Civilisation)
      1. Western African Economic Area (PDF)
      2. Eastern African Economic Area (PDF)
  3. Main economic institutions related to Muslim Countries in Asia, Africa, the Middle East, and Europe
  4. Islamic Countries and globalisation
  5. Economic Integration of Islamic Civilisation
    1. Major Free Trade Agreements (FTA) related to Muslim Countries
  6. Interactions of Islamic Civilisation with other civilisations

5- Arab Development Funds (1 ECTS)

  1. Arab Monetary Fund
  2. Arab Fund for Economic and Social Development
  3. Arab Trade Financing Programme
  4. OPEC Fund for International Development
  5. Abu Dhabi Fund for Development
  6. Saudi Fund for Development
  7. Arab Gulf Programme for United Nations Development Organisations
  8. Kuwait Fund for Arab Economic Development
  9. Arab Bank for Economic Development in Africa (BADEA)

Online Arab Student, Master International Business

Request for Information Request for information

Sample of the course:

Sulaiman Al-Rajhi Saudi Businessman (Course)

Prince Alwaleed Bin Talal (EENI Master Honoris Causa)
EENI delivers to His Royal Highness Prince Alwaleed bin Talal a Master Honoris Causa.

There is no God but Allah, and Muhammad is his messenger.”


Learning materials in Master in International Business in English or Study, Master in International Business in French Islam Study Master Doctorate Business in Spanish Islam Masters Foreign Trade in Portuguese Islão (free multilingual training)

  1. Credits of the Online Course / Subject “Islam, Ethics and Business”: 15 ECTS Credits
  2. Duration: 15 weeks
  3. Total Tuition Fees: EUR 360 (Pricing Policy)
  4. Organisation: EENI Business School & HA University
  5. Students can begin the course when he/she wishes (open enrolment) and from any place in the world
  6. Requires an average dedication of 12 hours per week

The course contains exercises that are evaluated, which the student must work out and pass to obtain the diploma of the course “Islam, Ethics and Business” issued by EENI Business School & HA Independent University.

Pedro Nonell, African Students

Why study Religions and International Business?

The Course “Islam, Ethics and Business” is part of the following Online Higher Education Programs taught by EENI Business School & HA University:
  1. Masters: International Business, Foreign Trade, Muslim Countries, Africa, Asia, Religion & Business
  2. Doctorates: Ethics, Religion & Business, Islamic Countries, Asia, Africa
  3. Courses: Business in Eurasia, ASEAN, Maghreb, Middle East

Higher Education programs adapted to Middle East Students

Download the Course syllabus: “Islam, Ethics and Business” (PDF)
  1. Islamic Institutions (PDF)
  2. Arab Development Funds (PDF)
  3. Arab Economic Area (PDF)
  4. Central Eurasian Economic Area (PDF)
  5. Maghrebian Economic Area (PDF)

Online Enrolment Procedure (continuous):

Online enrolment procedure - EENI Business School & HA University

Advantages EENI Business School & HA University

The objectives of the Course “Islam, Ethics and Business” are the following:

  1. To understand the pillars of Islam and its influence on business
  2. To analyse the main branches of Islam: Sunni and Shi'a
  3. To understand the ethical principles of Islam
  4. To study the distribution of Islam in the World
  5. To know the fundamental role of Islam on Islamic Civilisation
  6. To learn about the importance of Zakat, Sharia (Islamic law) and Fiqh (Islamic jurisprudence) in Islamic markets
  7. To understand the principles of Islamic Economics (finance, Islamic banks...)
  8. To identify the leading Islamic economic organizations (Arab League, Islamic Development Bank, Organisation for Islamic Cooperation and affiliated bodies...)
  9. To learn to plan an intercultural negotiation in Islamic Countries
  10. To analyse the figures of the main Muslim Businessman and Businesswomen
  11. To analyse the economic areas of Islamic Civilisation, economic integration processes and their relationships with other civilisations
  12. To understand the role of Islamic Countries on the global economy
  13. To analyse trade agreements between Islamic markets and the importance of the Trade Preferential System among the Member States of the Organisation of Islamic Cooperation (TPS-OIC)
  14. To understand role of the Arab Development Funds in the expansion of Islamic civilisation

Intended for all those that want to specialise in all the aspects related to Islam and businesses.

Sharia (Islamic Law)
Sharia Islam (Master, Doctorate)





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Description of the Course - Islam, Ethics and Business

“The principles of Islamic Finance may represent a possible solution to the global financial crisis.” (Osservatore Romano)

Ethics Islam

Harmony of Religions (e-Doctorate) e-Doctorate: Ahimsa Business (Non-Violence)

“To each of you We prescribed a law and a method. Had Allah willed, He would have made you one nation united in religion, but He intended to test you in what He has given you; so race to all that is good.” Holy Quran (5:48).

In this subject; we will discuss Islam and main features of Islamic Countries from the viewpoint of intercultural negotiation.

It is crucial to note that this subject has been written with a maximum and absolute respect for this religion, which has 1,570 million followers around the world.

After the 11-S, the international businessman wishing to do business with Muslim Countries needs a closer approach to Islam and its culture as a premise to establish trusting relationships to develop business in the long-term. This is the main objective of this subject: to introduce the students to Islam and this interesting culture and therefore on their way of doing business.

  1. Muslim Population: 1.57 billion people (23% of the world's population)
  2. Only 15% of Muslims are Arabs (Middle East)
  3. 62% of the World's Muslim population lives in Asia and 20% in the MENA region (Middle East and North Africa)
  4. 300 million Muslims live in countries where Islam is not the majority religion: China, India, or Russia.

We also aim to break the negative topic that many Westerners have against Islam.

The Five pillars of Islam:
Five Pillars of Islam (Doctorate)

African Muslim Historians

  1. Ali Al'amin Mazrui
  2. Hichem Djaït
  3. Sheikh Anta Diop
  4. Ahmadou Hampaté Bá
  5. Boubou Hama
  6. Pathé Diagne
  7. Djibril Tamsir Niane

EENI - The Middle East and Maghrebian Students:
EENI Middle East Students (Master, Doctorate)

Samples - Islam

Her Excellency Sheikha Lubna Qasimi

OIC Islamic exports

Amina Al Rustamani Emirati Businesswoman (Course)

Fiqh Islamic Jurisprudence

Islamic Economics Zakat

Alhaji Aliko Dangote Nigerian Businessman, Course

Trade Preferential System TPS Organisation of Islamic Cooperation

Islamic Banking

Arab Fund for Economic and Social Development

Hajia Bola Shagaya Nigerian Businesswoman (Course)

Islamic Banking

Committee for Economic and Commercial Cooperation (OIC-COMCEC)

Mohammed Al-Barwani Omani Businessman

Mohamed Ibrahim Sudanese Businessman (Course)

Lubna Olayan Businesswoman Saudi Arabia, Course

Jawad Ahmed Bukhamseen Kuwaiti Businessman (Course)

Sheikh Mohammed Amoudi

Anas Sefrioui Moroccan Business People (Master)

Shaikha Al Bahar

Religions, ethics, and business



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