THE IMPACT OF RELIGION

ON BUSINESS ETHICS

Introduction
Religion and business have throughout history
interacted in ways that relate to and affected one
another, as well as influenced sociocultural evolution,
political geographies, and labour laws.
The most important factor in a persons perspective of
business ethics is religion, because there are so many
different religious views.

Christian business ethics

Christianity uses the Ten Commandments and the teachings of
Christ to classify their ethics.
Christianitys main concern is for the well-being of others. This
concern is brought on by one of the Ten Commandments: Honor
your neighbor and his goods. Christians believe that the
government is an organization that was given by God to look
after people. They also believe that any person who has made a
mistake should own up to it and apologize. People following
Christian business ethics should want to help others more than
themselves.

Christian business ethics

They also want to do what is needed to work with God
in making a fair and continuing world economy.
Anything that happens in the world, Christians believe
God was responsible. They believe that he lets people
make their own choices, but sometimes emerges and
makes some decisions for them. If a Christian has a
problem or finds that they are in a situation, they do
what they believe is right according to the Ten
Commandments and Christs teachings.

Christian business ethics

The Christian in commerce should not desire to get anothers
goods or labour for less than it is worth. One must not try to obtain a
good price for his own wares by extortion. If one is buying from the
poor, charity must be exercised as well as justice; purchaser must pay
the full price that the goods are worth to him. Moreover, purchaser
shouldnt admit suffering of the vendor because he cannot stand out for
his price, but vendor should offer a loan or persuade some one else to do
so.

Muslim business ethics:

For Islam, the basis of these laws is the Qur'an. Islamic
teachings strongly stress on observance of ethical and
moral code in human behaviour. Muslim ethics include
avoidance of peoples exploitation through lending them
money at interest and prohibitions against false
advertising. Under Islamic Laws, if a vendor sells an
item by making false claims about it, customer has the
right to have the transaction cancelled.

Muslim business ethics:

Islamic banks do not pay interest to depositors or
charge interestto borrowers
They invest in companies and share the profits with the
depositors
Current accounts in Islamic banks give no return pay
no interest to depositors
Islamic banks do not usually grant overdrafts on current
accounts
Saving accounts can pay a return to depositors,
depending on the banks profitability

Muslim business ethics:

The amount of return depends on how much profit the
bank makes in a given period, but the payments are not
guaranteed
Islamic banks can buy an item for the customer, and the
customer repays the bank at a higher price later on
Also the bank can buy an item for a customer with a
leasing or hire purchase arrangement
The bank-customer relations are very close because of
the profit and loss sharing (PLS)

Muslim business ethics:

Capital punishment for apostasy prevented Muslims to do business
in the legal systems of non-Muslim or non-Muslim call to justice ,
this has blocked the association of Muslims with foreigners and
imports of new ideas and methods
Prohibition of usury prevented the appearance of banks and bank
credit institution . There has been no standardized accounting and
never took a stock exchange where shares are traded .
According to Islamic law , business ventures may be terminated at
any time by one of the partners and can not continue in the
disappearance of one of the associated members and the business
goes to the other, and the family doesnt get anything

Students
Pintescu Vasile
Herdes Catalin
Mindru Aurelian
Moraru Marin