Good afternoon everyone, I’m Khanh An and I will represent my group to present you
about Islam religion and how can a international firms join the islam market
Here’s our team members
So let's start with the origins. The Islam religion started in the 7th century at Mecca,
modern day Saudi Arabia, when Muhammad Prophet, whom Muslim or believers of
Islam religion believed that he had received messages from the God Allah through the
angel Gabriel. These messages emphasized the worship of a all powerful god Allah
were later compiled into a sacred text, bible of Islam of which is known as Qu’ran.
But Islam wasn’t just about faith, it promotes social justice, ethical conduct and also
compassion, which later attract followers rapidly
From a small number of believers, Islam has grown beyond the Arabian Peninsula and
over the globe. Today it is one of the largest religions in the world with 1.8 billion
followers. But in Vietnam, the number is relatively smaller with only 72,000 as of
2012 and the large part of the are from the Cham community.
Next, we come to the fundamentals and core teachings of Islam which are the five
pillars of Islam and six pillars of Eemaan (Faith):
Five pillars of Islam:
1. Shahadah (testimony of faith)
2. Salah (ritual prayers)
3. Zakah (almsgiving or donation, charity)
4. Sawm (fasting)
5. Hajj (pilgrimage to Mecca)
We can also view these pillars as a way to test the capability of a believer to follow
the Allah way in both his body and mind.
Alongside the five pillars, Muslims also hold six fundamental beliefs
1. Belief in Allah
2. Belief in the Angels - who are a creation from Allah and honorable servants.
3. Belief in the Books - that Allah revealed to His messengers.
4. Belief in the Messengers - have been sent to every nation inviting them to worship
Allah alone and reject false deities.
5. Belief in the Last Day - or the Day of Judgement in which people will be
resurrected
6. Belief in the Divine Determination and Decree
And over the centuries, Islam has developed into different branches with Shunni and
Shia being the largest
Shunni Islam representing the majority follow the teachings and traditions attributed
to the Prophet Muhammad.
And
Shia Islam believes in the leadership of Imams from the Prophet’s family lineage, with
Ali, the Prophet's cousin and son-in-law, as the first Imam.
Islam have 2 important celebrations in a year which is
Eid al Fitr, marks the end of the Ramadan’s fasting month and often is a time of
feasting and giving thanks for the strength to complete the fast.
Eid al-Adha: Known as the Feast of Sacrifice, this festival marks the end of Hajj, the
pilgrimage to Mecca. It commemorates the Prophet Ibrahim’s willingness to sacrifice
his son in obedience to Allah’s command, symbolizing devotion and submission to
God.
Islam implies their religious teachings in the economy as well which emphasize fair
trade, transparency and a balanced approach to wealth accumulation. Excessive
consumption and wealth is discouraged because they believe that wealth should serve
both individuals and community.
The islamic economy model promotes ethical investments, which avoid industries like
gambling and finance based interested industries.
Before joining the islam market, is it essential for firms to know and respect islamic
values such as modesty, dietary ( halal ) laws, which is a way to slaughter animals and
prayer routines. They should avoid advertising themes and images or signs that could
be consider offensive
Islam embraces religious diversity and is generally supportive of peaceful interfaith
relations. Missteps or disrespect towards Islam or other religions may trigger a
backlash from the community. In addition, in some areas, such as the Middle East,
Muslim communities may be impacted by political conflict. Companies entering these
markets should be sensitive to these challenges and, where possible, support peace and
humanitarian efforts.
Freedom is also a key principle in Islam, which encourages a balanced work life
environment. Companies should promote fairness, respect, transparency and also
should consider the Ramandan’s special working hours. They also should avoid
launching new food products during Ramadan’s fasting hours and introduce special
products that cater to needs during these seasons.
Finally, they should consider establishing strong connections with the Muslim
community can be beneficial. By sponsoring local events, supporting charitable
causes, and consulting with religious leaders, businesses can foster trust and make a
positive reputation in new markets
