International Review of Business Research Papers Vol.5 No. Muslim as a part of contemporary world, and cannot be exception from this rule. – The purpose of this paper is to give professionals working in Islamic countries a better understanding of the legal system in those countries. The Business current operating status is terminated and The Business's principal activity is wholesale of books and magazines. From the Middle East to Southeast Asia, Islam has a big effect on how and when business is done. This month, Cass Business School in London, UK, announced the launch of an innovative new Executive MBA which is the first such program to include specialist streams in Islamic … As a rule, multinational companies are more equipped in dealing with problems when governed by Western legal philosophies and jurisprudence. 1 January 2009 Pp. 277-293 Corporate Governance : Western and Islamic Perspectives Zulkifli Hasan Islamic corporate governance model in Islam has its own unique features and presents distinctive characteristics in comparison with the western concept of the Anglo-Saxon and the European models. Thus, while aiming to conclude important contracts and international transaction in Arab oriental countries , business partners are challenged by the questions of the meaning so as the application of Islamic Law and the compliance of certain provisions of their contracts with Sharia Law requirements. Islam Islam is the world's #2 most-practiced religion, representing 23% of the world’s population. International Business has always played a vital role in the economic and social of all people through the ages. International business transaction deals in differently from the local or domestic business trading. As global business operations expand, managers need more knowledge of foreign cultures, in particular, information on the ethics of doing business across borders. In international business, however, that's sometimes not an option. However, when certain issues fall on the jurisdiction of an Islamic country they have to address it by … Of course, it doesn't take such first-hand experiences … 2 No. 2. These two events result in business closings in most Christian regions. Their religion (Islam) not only permits them, but also encourages them to do business. Islam, Commerce, and Business Ethics Imad-ad-Dean Ahmad Minaret of Freedom Institute Plenary address at the Loyola Institute for Ethics and Spirituality in Business International Ecumenical Conference (June 10-12, 2004) INTRODUCTION Islam is the only major world religion founded by a businessman, although, in a sense, RCIB’s Journal of Islamic Business and Management. If you ever went on a business trip that took you to a part of the Islamic world during Ramadan, or stayed in India over Diwali, you know what I mean. In Western Europe, the days after Easter and Christmas are also holidays. Riphah Centre of Islamic Business (RCIB), Riphah International University (RIU), has taken a step forward to provide a platform for research and publication on Islamic Business and Management in the name of the Journal of Islamic Business and Management (JIBM) (eISSN: 2521-2249). 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