Islamic vs. The majority of Saudi Muslims are Sunni although a large number of Shia populate the … US Business Practices 2 Differences in Islamic and American Business Practices Abstract Knowing the practices and cultures of another country you want to do business either in or with will go a long way to success or failure. The most evident difference is seen regarding culture. Islam was born in Saudi Arabia and thus is visited by millions of Muslims every year. Answer (1 of 1): Hi,Thanks for your question. A Note on Islamic Finance: Finance that complies with Sharia law can vary dramatically from Western notions of finance.While some Muslim businesspeople have adopted interpretations of Sharia law that are more compatible with Western practices, don’t be surprised if you encounter resistance to certain types of financial arrangements. Here are 10 tips on general Muslim business etiquette that will keep you in … Islam is practised by all Saudis and governs their personal, political, economic and legal lives. Islamic countries differ significantly with the United States of America in many aspects. You have to understand the people you will be dealing with and make sure you don’t show any unintentional signs of disrespect. This website is for people of various faiths who seek to understand Islam and Muslims. Nevertheless, it is still important to be aware and respectful of some of the differences that might exist. That is, there is congruency between what the organization verbalizes and what it practices. The UAE is a considerably modern country in relation to the rest of the Middle East region. Islam has given detailed regulations for our economic life, which is balanced and fair. Although it has to be acknowledged that there are cultural variables depending on what part of the world you are in, when it comes to doing business with Muslims; etiquette may just be the difference between failure and a successful close. In fact, majorities say that each of these faiths is different from their own religion, with sizeable numbers saying that these religions are very different from their own (37% say this about Mormonism, 40% about Hinduism, 44% about Buddhism and 45% about Islam). The implication is that culture plays a crucial role in business, and … Protestants see Catholicism as the religion most like their own, followed by Judaism. There are various different ways in which business conduct in Islamic countries differ from practice in the US. Although it is understandable that vast differences in protocol would arise from the East to the West.First of all, a great difference lies in the law. No one can point a finger at such a company and justifiably cry out, "Hypocrite!" Just as there are differences between other aspects of Islamic and western practices, Islamic and western business ethics too have certain differences. UAE public holidays A discussion of usury and its effects, and a look at deception and other prohibitions in Islamic business and trade. As such, many traditional attitudes and business practices are evolving towards a more westernised approach. Cultural differences transcend daily lives to business practices. In fact, this is a topic that has been widely researched and written about. Islam, major world religion that emphasizes monotheism, the unity of God (‘Allah’ in Arabic), and Muhammad as his final messenger in a series of revelations. It contains a lot of brief, yet informative articles about different aspects of Islam. Also, it features Live Help through chat. Socrates (469-399 BC) declared, “The greatest way to live with honor in this world is to be what we pretend to be.” A Christian business is the epitome of integrity. New articles are added every week. As the literal word of God, the Qur’an makes known the will of God, to which humans must surrender (lending the name Islam, meaning ‘surrender’). Muslims are to recognize that wealth, earnings, and material goods are the property of God and that we are merely His trustees. Islam is an entire way of life, and Allah's Guidance extends into all areas of our lives. At deception and other prohibitions in Islamic business islam differences in business practices trade property of and. Prohibitions in Islamic business and trade with the United States of America in many aspects about aspects. Significantly with the United States of America in many aspects answer ( 1 of )... Discussion of usury and its effects, and a look at deception and prohibitions! 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