Islam: Business and Ethics

EENI- School of International Business

Module Module - Islam: Business and Ethics. Muslims Businesspeople. Syllabus:


There is no God but Allah and Muhammad is the messenger of Allah.”

The knowledge area “Islam” consists of several modules.

  1. Islam
    1. Introduction to Islam
    2. The Ummah (Muslim Community) in the World
    3. Islam and businesses
  2. The main institutions related to the Muslim countries
  3. Arab Development Funds
  4. Economic Areas of the Islamic Civilisation
  5. Muslim Businesspeople
  6. Arab Businesswoman and Executives
  7. African Muslim Historians

1- Islam

  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: the 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. Ms Tawakkol Karman - Nobel Peace Prize (Yemen)
    2. Ms Haifa Al-Mansour - Film Director (Saudi Arabia)
  10. Introduction to the Arabic language

The Ummah (Muslim Community) in...

  1. Asia
  2. India
  3. The ASEAN
  4. Africa
  5. The Middle East

Islam and businesses.

  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 the Muslims countries.
  9. Cultural Profiles of the Arab Countries. Patterns by country.

Objectives of the module (Islam).

  1. To understand the fundamentals 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 know the distribution of Islam in the World.
  5. To understand the principles of Islamic economics
  6. To identify the leading Islamic economic institutions
  7. To learn to plan an intercultural negotiation in these countries.
  8. To analyse the figures of the main Muslim Businessman.
  9. To know the fundamental role of Islam in the Islamic civilisation
  10. To analyse the economic areas of the Islamic Civilisation, the economic integration processes and their relationships with other civilisations
  11. Understand the role of Islamic countries in the global economy


Module “Islam: Business and Ethics” is studied...
  1. Masters (e-learning): International Business, Muslims Countries, Africa, and Asia
  2. Doctorates: Religion and Business, Islamic Countries, Asia, and Africa

Master in International Business for the Middle East Students

Learning materials in English or French Islam Spanish Islam Portuguese Islam

  1. Credits of the subject “Islam”: 5 ECTS Credits/2.5 AC Credits
  2. Duration: 5 weeks
  3. Download the module syllabus: “Islam” (PDF)

Intended to all those that want to specialise and/or to recycle in all aspects related to Islam and businesses.

Other modules related to Islam

Module: Main institutions related to the 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 the 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
  7. Summit of South American-Arab Countries (ASPA)
  8. Afro-Arab cooperation
  9. Download the syllabus of the subject: “Islamic Institutions” (PDF)

Objectives of the module “Islamic Economic Institutions”:

  1. To understand the fundamental role of the Organisation of Islamic Cooperation (OIC) in the economic development of the Muslim countries
  2. To explore the affiliated bodies of the Organisation of Islamic Cooperation
  3. To analyse the role of the Islamic Development Bank in countries of the Ummah (Islamic Community)
  4. To understand the role of the Arab League
  5. To analyse the international relations of the Islamic community with the rest of the world.

Intended to:
All those that want to specialise and/or to recycle in all aspects related to Islamic economic institutions.

Other regional institutions:

  1. Cooperation Council for the Arab States of the Gulf (GCC)
  2. Economic Cooperation Organisation (ECO)
  3. Arab Maghreb Union (AMU)
  4. Community of Sahel-Saharan States (CEN-SAD)
  5. Arab Mediterranean Free Trade Agreement

Module: 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)
  10. Download the syllabus of the subject: “Arab Development Funds” (PDF)

Module: Economic Areas of the Islamic Civilisation

  1. Introduction to the 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 (African Civilisation)
  3. The main economic institutions associated with Muslim countries in Asia, Africa, the Middle East, and Europe.
  4. Islamic countries and globalisation
  5. Economic Integration of the Islamic Civilisation
    1. Major Free Trade Agreements (FTA) related to the Muslim countries.
  6. Interactions of the Islamic Civilisation with other civilisations

Muslims Businesspeople

The wealthiest and most influential Arabs.

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

  1. His Royal Highness Prince Bin Talal
  2. Sheikh Mohamed Bin Issa Al Jaber
  3. Jawad Ahmed Bukhamseen
  4. Nasser Al Kharafi
  5. Yusuf Bin Ahmed Kanoo
  6. Abdul Aziz Ghurair
  7. Majid Al Futtaim
  8. Mohammed Al-Barwani
  9. Sulaiman Al-Rajhi

African Muslims Businesspeople and Philanthropists.

  1. Mohamed Ibrahim
  2. Sheikh Mohammed Hussein Ali Al-Amoudi
  3. Tarek Talaat Moustafa
  4. Mohamed Mansour
  5. Osama Abdul Latif
  6. Mohamed Ali Harrath
  7. Reginald Mengi
  8. Ali Haddad
  9. Othman Benjelloun
  10. Dr. Alhaji Muhammadu Indimi
  11. Miloud Chaabi
  12. Alhaji Aliko Dangote
  13. Adewale Tinubu
  14. Anas Sefrioui
  15. Mohamed Hassan Bensalah
  16. Hassan Abdalla
  17. Naushad Merali
  18. Said Salim Bakhresa
  19. Aziz Akhannouch
  20. Ahmed Mekky
  21. Abdulsamad Rabiu
  22. Olufemi Otedola
  23. Tunde Folawiyo
  24. Mohammed Dewji
  25. Hajia Bola Shagaya
  26. Minoush Abdel-Meguid
  27. Iman
  28. Dra. Amina Odidi

Asian Muslim Businessman and Philanthropists.

  1. Muhammad Abdul Mannan
  2. Muhammad Yunus
  3. Mian Muhammad Mansha
  4. Salman Rahman
  5. Dewan Farooqui
  6. Sandiaga Salahuddin Uno
  7. Tan Sri Mokhtar
  8. Azim Premj
  9. Yusuf Hamied
  10. Islamic Revolutionary Guard
  11. Bonyads

Arab Women and business - Arab Businesswoman and Executives.

  1. Lubna Bint Khalid Al Qasimi
  2. Reem Ebrahim Al-Hashimi
  3. Amina Al Rustamani
  4. Shaikha Al Maskari
  5. Lubna Olayan
  6. Hayat Sindi
  7. Shaikha Al Bahar
  8. Maha Al-Ghunaim
  9. Hanan Al Kuwari
  10. Randa Ayoubi
  11. Ayah Bdeir
  12. Minoush Abdel-Meguid

Muslim Historians of Africa.

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

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

Ethics Islam

Harmony of Religions Ahimsa Business

“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).

Sharia (Islamic Law)
Sharia Islam

Summary of the module - Islam: Business and Ethics:

In this subject; we will discuss Islam and the main features of the Islamic countries from a 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 11-S, the international Businessman wishing to do business with the Muslims 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 course: to introduce 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 (the Middle East)
  3. 62% of the World's Muslim population lives in Asia and 20% in the MENA region (the 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

EENI - Middle East and Maghrebian Students:
EENI Middle East Students

Samples - Islam

Her Excellency Sheikha Lubna Qasimi

OIC Islamic exports

Amina Al Rustamani Emirati Businesswoman

Fiqh Islamic jurisprudence

Islamic Economics Zakat

Alhaji Aliko Dangote Nigerian Businessman

Trade Preferential System TPS Organisation of Islamic Cooperation

Arab Fund for Economic and Social Development

Hajia Bola Shagaya Nigerian Businesswoman

Islamic Banking

Committee for Economic and Commercial Cooperation (OIC-COMCEC)

Mohammed Al-Barwani Omani Businessman

Mohamed Ibrahim Sudanese Businessman

Mohamed Mansour Egyptian Businessman

Lubna Olayan Businesswoman Saudi Arabia

Jawad Ahmed Bukhamseen Kuwaiti Businessman

Maha Al-Ghunaim Kuwaiti Businesswoman

Sheikh Mohammed Amoudi

Tarek Talaat Moustafa Businessman

Nasser Al-Kharafi Businessman Kuwait

Anas Sefrioui Moroccan Businesspeople

Shaikha Al Bahar

Religions, ethics, and business

U-EENI University