Islamic and Christianity have caused an increase in business ethical arguments concerning relations of firms with globalization and secularization. Religion is considered as the benchmark of moral values. It addresses morality questions of what is right and wrong in business matters. The role of faith and religious beliefs on ethical business practices in a community has been questioned. The conventional teachings of Islam and Christianity on trade ethics correlated issues such as values, legal codes of behaviour on the control of a business, the workplace and wealth attainment and use highly affect a business management.
Ethical and moral issues in businesses are raised in cases involving bribery, corruption, fraud and cheating. Religion is also critical in ethical matters dealing with discrimination, injustice and rights of employees, customers and stakeholders as well as other values in business (O’Brien and Scott, 35). Islam is the only major religion in the world that was founded by a businessperson. Islam has been known to have tranquillity toward the profession of the merchant. The Quran and the Bible are integral in providing ethical and moral guidance from the faith perspective about business management.
In secular civilizations, legal analysis are footed upon modern and always transient values and standards; in the Islamic community, these ideals and principles are guided by the Shari’ah and reference to other previous judgements (O’Brien and Scott, 38). For instance, Islam has provided women with enduring and unalienable privileges and has never differentiated against minorities. The Islamic law analysis underpins highlights on equity and justice. The Quran contains some details pertaining to contract law. This shows the significance of contracts as the Quran gives few laws and little legal details. The law corresponds to the accepted