A multi-national corporation ( MNC ; also called a multi-national enterprise ( MNE ), trans-national enterprise ( TNE ), trans-national corporation ( TNC ), international corporation , or state less corporation , ) is a corporate organization that owns and controls the production of goods or services in at least one country other than its home country. Control is considered an important aspect of an MNC to distinguish it from international portfolio investment organizations , such as some international mutual funds that invest in corporations abroad solely to diversify financial risks. Black's Law Dictionary suggests that a company or group should be considered a multi-national corporation "if it derives 25% or more of its revenue from out-of-home-country operations".
141-670: Ann Summers is a British multinational retailer company specialising in sex toys and lingerie , with 80 high street stores in the UK, Ireland , and the Channel Islands . In 2000, Ann Summers acquired the Knickerbox brand, a label with an emphasis on more comfortable and feminine underwear, while the Ann Summers-labelled products tend to be more erotic in style. The chain had an annual turnover of £117.3 million in 2007–2008. The company
282-766: A basis in a national ethos , being ultimate without a specific nationhood, and that this lack of an ethos appears in their ways of operating as they enter into contracts with countries that have low human rights or environmental standards . In the world economy facilitated by multinational corporations, capital will increasingly be able to play workers, communities, and nations off against one another as they demand tax, regulation and wage concessions while threatening to move. In other words, increased mobility of multinational corporations benefits capital while workers and communities lose. Some negative outcomes generated by multinational corporations include increased inequality , unemployment , and wage stagnation . Raymond Vernon presents
423-498: A corporation invests in a country in which it is not domiciled, it is called foreign direct investment (FDI). Countries may place restrictions on direct investment; for example, China has historically required partnerships with local firms or special approval for certain types of investments by foreigners, although some of these restrictions were eased in 2019. Similarly, the United States Committee on Foreign Investment in
564-472: A figurehead monarchy. The Sunni Seljuk dynasty campaigned to reassert Sunni Islam by promulgating the scholarly opinions of the time, notably with the construction of educational institutions known as Nezamiyeh , which are associated with Al-Ghazali and Saadi Shirazi . The expansion of the Muslim world continued with religious missions converting Volga Bulgaria to Islam. The Delhi Sultanate reached deep into
705-429: A free market system where there is little government interference. As a result, international wealth is maximized with free exchange of goods and services. To many economic liberals, multinational corporations are the vanguard of the liberal order. They are the embodiment par excellence of the liberal ideal of an interdependent world economy. They have taken the integration of national economies beyond trade and money to
846-671: A kind of vibrator exclusive to Ann Summers, per year. Jacqueline Gold initiated the Party Plan concept in 1981. Initially, the Ann Summers parties were as much a way of circumventing regulations restricting the display of sex toys as they were a marketing tactic, but their popularity quickly grew and Ann Summers now employs over 7,500 Party Organisers, coordinated from the Head Office in Surrey. There were around 4,000 Ann Summers parties every week in
987-471: A legal battle to advertise for employees in job centres and an ASA complaint was rejected. They have also encountered opposition to their advertising. The company received a letter of complaint from Buckingham Palace , due to a non-endorsed advertisement featuring the Queen. In 2003, the company's payments to party organisers were discussed by a number of media sources. In 2004, two complaints were upheld by
1128-487: A million troops to help, and by February 1991, Iraqi forces were expelled from Kuwait. Due to the oil boycott from Kuwait and Iran, oil prices rose and quickly recovered. Saudi Arabia once again led OPEC, and thanks to assistance in defending Kuwait, new relations emerged between the USA and OPEC. Operation "Desert Storm" brought mutual dependence among the main oil producers. OPEC continued to influence global oil prices but recognized
1269-556: A movement that would evolve into tasawwuf or Sufism . At this time, theological problems, notably on free will, were prominently tackled, with Hasan al Basri holding that although God knows people's actions, good and evil come from abuse of free will and the devil . Greek rationalist philosophy influenced a speculative school of thought known as Muʿtazila , who famously advocated the notion of free-will originated by Wasil ibn Ata . Caliph Mamun al Rashid made it an official creed and unsuccessfully attempted to force this position on
1410-508: A pastiche of a Marks and Spencer advertisement was withdrawn after a threat of legal action by M&S. Multinational corporation Most of the current largest and most influential companies are publicly traded multinational corporations, including Forbes Global 2000 companies. The history of multinational corporations began with the history of colonialism . The first multi-national corporations were founded to set up colonial "factories" or port cities. The two main examples were
1551-548: A person to hell . However, the Quran makes it clear that God will forgive the sins of those who repent if he wishes. Good deeds, like charity, prayer, and compassion towards animals will be rewarded with entry to heaven. Muslims view heaven as a place of joy and blessings, with Quranic references describing its features. Mystical traditions in Islam place these heavenly delights in the context of an ecstatic awareness of God. Yawm al-Qiyāmah
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#17328555047291692-507: A person's soul at the time of death. They are described as being created variously from 'light' ( nūr ) or 'fire' ( nār ). Islamic angels are often represented in anthropomorphic forms combined with supernatural images, such as wings, being of great size or wearing heavenly articles. Common characteristics for angels include a lack of bodily needs and desires, such as eating and drinking. Some of them, such as Gabriel ( Jibrīl ) and Michael ( Mika'il ), are mentioned by name in
1833-569: A place of prayer, it is also an important social center for the Muslim community . For example, the Masjid an-Nabawi ("Prophetic Mosque") in Medina, Saudi Arabia , used to also serve as a shelter for the poor. Minarets are towers used to call the adhan , a vocal call to signal the prayer time. Zakat ( Arabic : زكاة , zakāh ), also spelled Zakāt or Zakah , is a type of almsgiving characterized by
1974-461: A religious context, it refers to the total surrender to the will of God . A Muslim ( مُسْلِم ), the word for a follower of Islam, is the active participle of the same verb form, and means "submitter (to God)" or "one who surrenders (to God)". In the Hadith of Gabriel , Islam is presented as one part of a triad that also includes imān (faith), and ihsān (excellence). Islam itself
2115-641: A religious group. This has been undertaken by communist forces like the Khmer Rouge , who viewed them as their primary enemy to be exterminated since their religious practice made them stand out from the rest of the population, the Chinese Communist Party in Xinjiang and by nationalist forces such as during the Bosnian genocide . Myanmar military's Tatmadaw targeting of Rohingya Muslims has been labeled as
2256-526: A result of Islamic missionary activities ( dawah ), as well as through conquests . The two main Islamic branches are Sunni Islam (85–90%) and Shia Islam (10–15%). While the Shia–Sunni divide initially arose from disagreements over the succession to Muhammad , they grew to cover a broader dimension, both theologically and juridically . The Sunni canonical hadith collection consists of six books , while
2397-719: A root that means "to measure" or "calculating". Muslims often express this belief in divine destiny with the phrase "In-sha-Allah" ( Arabic : إن شاء الله ) meaning "if God wills" when speaking on future events. There are five acts of worship that are considered duties –the Shahada (declaration of faith), the five daily prayers, Zakat (almsgiving), fasting during Ramadan , and the Hajj pilgrimage–collectively known as "The Pillars of Islam" ( Arkān al-Islām ). In addition, Muslims also perform other optional supererogatory acts that are encouraged but not considered to be duties. The shahadah
2538-535: A trust from God's bounty, and is seen as a purification of one's excess wealth. The total annual value contributed due to zakat is 15 times greater than global humanitarian aid donations, using conservative estimates. Sadaqah , as opposed to Zakat, is a much-encouraged optional charity. A waqf is a perpetual charitable trust , which finances hospitals and schools in Muslim societies. In Islam, fasting ( Arabic : صوم , ṣawm ) precludes food and drink, as well as other forms of consumption, such as smoking , and
2679-530: Is tawḥīd (Arabic: توحيد ), the oneness of God. It is usually thought of as a precise monotheism , but is also panentheistic in Islamic mystical teachings. God is seen as incomparable and without multiplicity of persons such as in the Christian Trinity , and associating multiplicity to God or attributing God's attributes to others is seen as idolatory , called shirk . God is described as Al Ghayb so
2820-451: Is also identified in the Quran as Yawm ad-Dīn ( يوم الدين "Day of Religion"); as-Sāʿah ( الساعة "the Last Hour"); and al-Qāriʿah ( القارعة "The Clatterer"). The concept of divine predestination in Islam ( Arabic : القضاء والقدر , al-qadāʾ wa l-qadar ) means that every matter, good or bad, is believed to have been decreed by God. Al-qadar , meaning "power", derives from
2961-431: Is also used by Muslims and Arabic-speaking Christians and Jews in reference to God, whereas ʾilāh ( إله ) is a term used for a deity or a god in general. Angels (Arabic: ملك , malak ) are beings described in the Quran and hadith. They are described as created to worship God and also to serve in other specific duties such as communicating revelations from God, recording every person's actions, and taking
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#17328555047293102-403: Is an oath declaring belief in Islam. The expanded statement is " ʾašhadu ʾal-lā ʾilāha ʾillā-llāhu wa ʾašhadu ʾanna muħammadan rasūlu-llāh " ( أشهد أن لا إله إلا الله وأشهد أن محمداً رسول الله ), or, "I testify that there is no deity except God and I testify that Muhammad is the messenger of God." Islam is sometimes argued to have a very simple creed with the shahada being the premise for
3243-401: Is beyond comprehension. Thus, Muslims are not iconodules and do not attribute forms to God. God is instead described and referred to by several names or attributes , the most common being Ar-Rahmān ( الرحمان ) meaning "The Entirely Merciful", and Ar-Rahīm ( الرحيم ) meaning "The Especially Merciful" which are invoked at the beginning of most chapters of the Quran. Islam teaches that
3384-546: Is now a Beate Uhse AG employee is pursuing a libel claim against Jacqueline Gold. An advertisement was banned from the London Underground in the same year. In 2010, Ann Summers' Halloween advertisement was banned by the Radio Advertising Clearance Centre, which decided the advertisement used "fairly overt sexual references in terms of sound effects." In 2011 an advertising campaign which featured
3525-410: Is often handled through international arbitration . The actions of multinational corporations are strongly supported by economic liberalism and free market system in a globalized international society. According to the economic realist view, individuals act in rational ways to maximize their self-interest and therefore, when individuals act rationally, markets are created and they function best in
3666-407: Is optional and can be undertaken at any time of the year. Other sites of Islamic pilgrimage are Medina , where Muhammad died, as well as Jerusalem , a city of many Islamic prophets and the site of Al-Aqsa , which was the direction of prayer before Mecca. Muslims recite and memorize the whole or parts of the Quran as acts of virtue. Tajwid refers to the set of rules for the proper elocution of
3807-467: Is performed from dawn to sunset. During the month of Ramadan , it is considered a duty for Muslims to fast. The fast is to encourage a feeling of nearness to God by restraining oneself for God's sake from what is otherwise permissible and to think of the needy. In addition, there are other days, such as the Day of Arafah , when fasting is optional. The Islamic pilgrimage , called the " ḥajj " (Arabic: حج ),
3948-564: Is the complete and universal version of a primordial faith that was revealed many times through earlier prophets and messengers , including Adam , Noah , Abraham , Moses , and Jesus . Muslims consider the Quran to be the verbatim word of God and the unaltered, final revelation. Alongside the Quran, Muslims also believe in previous revelations , such as the Tawrat (the Torah ), the Zabur ( Psalms ), and
4089-520: Is to be done at least once a lifetime by every Muslim with the means to do so during the Islamic month of Dhu al-Hijjah . Rituals of the Hajj mostly imitate the story of the family of Abraham . In Mecca , pilgrims walk seven times around the Kaaba , which Muslims believe Abraham built as a place of worship, and they walk seven times between Mount Safa and Marwa , recounting the steps of Abraham's wife, Hagar , who
4230-865: Is usually a large corporation incorporated in one country that produces or sells goods or services in various countries. Two common characteristics shared by MNCs are their large size and centrally controlled worldwide activities. MNCs may gain from their global presence in a variety of ways. First of all, MNCs can benefit from the economy of scale by spreading R&D expenditures and advertising costs over their global sales, pooling global purchasing power over suppliers, and utilizing their technological and managerial experience globally with minimal additional costs. Furthermore, MNCs can use their global presence to take advantage of underpriced labor services available in certain developing countries and gain access to special R&D capabilities residing in advanced foreign countries. The problem of moral and legal constraints upon
4371-781: The Hijra ("emigration") in 622 to the city of Yathrib (current-day Medina). There, with the Medinan converts (the Ansar ) and the Meccan migrants (the Muhajirun ), Muhammad in Medina established his political and religious authority . The Constitution of Medina was signed by all the tribes of Medina. This established religious freedoms and freedom to use their own laws among the Muslim and non-Muslim communities as well as an agreement to defend Medina from external threats. Meccan forces and their allies lost against
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4512-532: The Qisas al-Anbiya (Stories of the Prophets). Muslims believe that God sent Muhammad as the final prophet (" Seal of the prophets ") to convey the completed message of Islam. In Islam, the "normative" example of Muhammad's life is called the sunnah (literally "trodden path"). Muslims are encouraged to emulate Muhammad's moral behaviors in their daily lives, and the sunnah is seen as crucial to guiding interpretation of
4653-682: The Arab Spring , Jamaat-e-Islami in South Asia and the AK Party , which has democratically been in power in Turkey for decades. In Iran , revolution replaced a secular monarchy with an Islamic state . Others such as Sayyid Rashid Rida broke away from Islamic modernists and pushed against embracing what he saw as Western influence. The group Islamic State of Iraq and the Levant would even attempt to recreate
4794-576: The Battle of Nahrawan but a Kharijite assassin later killed Ali. Ali's son, Hasan ibn Ali, was elected Caliph and signed a peace treaty to avoid further fighting, abdicating to Mu'awiya in return for Mu'awiya not appointing a successor. Mu'awiya began the Umayyad dynasty with the appointment of his son Yazid I as successor, sparking the Second Civil War . During the Battle of Karbala , Husayn ibn Ali
4935-930: The British East India Company founded in 1600 and the Dutch East India Company (VOC) founded in 1602. In addition to carrying on trade between Great Britain and its colonies, the British East India Company became a quasi-government in its own right, with local government officials and its own army in India. Other examples include the Swedish Africa Company founded in 1649 and the Hudson's Bay Company founded in 1670. These early corporations engaged in international trade and exploration and set up trading posts. The Dutch government took over
5076-659: The Deobandi movement. In response to the Deobandi movement, the Barelwi movement was founded as a mass movement, defending popular Sufism and reforming its practices. The Muslim world was generally in political decline starting the 1800s, especially compared to non-Muslim European powers. Earlier, in the 15th century, the Reconquista succeeded in ending the Muslim presence in Iberia . By
5217-756: The House of Wisdom employed Christian and Persian scholars to both translate works into Arabic and to develop new knowledge. Soldiers broke away from the Abbasid empire and established their own dynasties, such as the Tulunids in 868 in Egypt and the Ghaznavid dynasty in 977 in Central Asia. In this fragmentation came the Shi'a Century , roughly between 945 and 1055, which saw the rise of
5358-655: The Indian Subcontinent and many converted to Islam, in particular low-caste Hindus whose descendants make up the vast majority of Indian Muslims. Trade brought many Muslims to China , where they virtually dominated the import and export industry of the Song dynasty . Muslims were recruited as a governing minority class in the Yuan dynasty . Through Muslim trade networks and the activity of Sufi orders, Islam spread into new areas and Muslims assimilated into new cultures. Under
5499-560: The Injil ( Gospel ). They believe that Muhammad is the main and final Islamic prophet , through whom the religion was completed. The teachings and normative examples of Muhammad, called the Sunnah , documented in accounts called the hadith , provide a constitutional model for Muslims. Islam is based on the belief in oneness and uniqueness of the God ( tawhid ), and belief in an afterlife ( akhirah ) with
5640-606: The Last Judgment —wherein the righteous will be rewarded in paradise ( jannah ) and the unrighteous will be punished in hell ( jahannam ). The Five Pillars —considered obligatory acts of worship—are the Islamic oath and creed ( shahada ), daily prayers ( salah ), almsgiving ( zakat ), fasting ( sawm ) in the month of Ramadan , and a pilgrimage ( hajj ) to Mecca . Islamic law, sharia , touches on virtually every aspect of life, from banking and finance and welfare to men's and women's roles and
5781-730: The Maghreb , the Iberian Peninsula , Narbonnese Gaul and Sindh . The Umayyads struggled with a lack of legitimacy and relied on a heavily patronized military. Since the jizya tax was a tax paid by non-Muslims which exempted them from military service, the Umayyads denied recognizing the conversion of non-Arabs, as it reduced revenue. While the Rashidun Caliphate emphasized austerity, with Umar even requiring an inventory of each official's possessions, Umayyad luxury bred dissatisfaction among
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5922-595: The Muslim population in Latin America . The resulting urbanization and increase in trade in sub-Saharan Africa brought Muslims to settle in new areas and spread their faith, likely doubling its Muslim population between 1869 and 1914. Forerunners of Islamic modernism influenced Islamist political movements such as the Muslim Brotherhood and related parties in the Arab world, which performed well in elections following
6063-704: The Ottoman Empire , Islam spread to Southeast Europe . Conversion to Islam often involved a degree of syncretism , as illustrated by Muhammad's appearance in Hindu folklore. Muslim Turks incorporated elements of Turkish Shamanism beliefs to Islam. Muslims in Ming Dynasty China who were descended from earlier immigrants were assimilated, sometimes through laws mandating assimilation, by adopting Chinese names and culture while Nanjing became an important center of Islamic study. Cultural shifts were evident with
6204-665: The Rashidun Caliphate and the subsequent Umayyad Caliphate ruled from the Iberian Peninsula to the Indus Valley . In the Islamic Golden Age , specifically during the reign of the Abbasid Caliphate , most of the Muslim world experienced a scientific , economic and cultural flourishing . The expansion of the Muslim world involved various states and caliphates as well as extensive trade and religious conversion as
6345-638: The Ridda wars . Local populations of Jews and indigenous Christians, persecuted as religious minorities and heretics and taxed heavily, often helped Muslims take over their lands, resulting in rapid expansion of the caliphate into the Persian and Byzantine empires. Uthman was elected in 644 and his assassination by rebels led to Ali being elected the next Caliph. In the First Civil War , Muhammad's widow, Aisha , raised an army against Ali, attempting to avenge
6486-686: The environment . The two main religious festivals are Eid al-Fitr and Eid al-Adha . The three holiest sites in Islam are Masjid al-Haram in Mecca, Prophet's Mosque in Medina , and al-Aqsa Mosque in Jerusalem . The religion of Islam originated in Mecca in 610 CE . Muslims believe this is when Muhammad received his first revelation . By the time of his death, most of the Arabian Peninsula had converted to Islam . Muslim rule expanded outside Arabia under
6627-402: The mathematical model that was later argued to be adopted by Copernicus unrevised in his heliocentric model, and Jamshīd al-Kāshī 's estimate of pi would not be surpassed for 180 years. After the introduction of gunpowder weapons, large and centralized Muslim states consolidated around gunpowder empires , these had been previously splintered amongst various territories. The caliphate
6768-700: The millennialist Isma'ili Shi'a missionary movement. One Isma'ili group, the Fatimid dynasty , took control of North Africa in the 10th century and another Isma'ili group, the Qarmatians , sacked Mecca and stole the Black Stone , a rock placed within the Kaaba, in their unsuccessful rebellion. Yet another Isma'ili group, the Buyid dynasty , conquered Baghdad and turned the Abbasids into
6909-483: The world's fastest-growing major religious group, due primarily to a higher fertility rate and younger age structure compared to other major religions. In Arabic, Islam ( Arabic : إسلام , lit. 'submission [to God]') is the verbal noun of Form IV originating from the verb سلم ( salama ), from the triliteral root س-ل-م ( S-L-M ), which forms a large class of words mostly relating to concepts of submission, safeness, and peace. In
7050-476: The " Night of Power " ( Laylat al-Qadr ) and is considered a significant event in Islamic history. During the next 22 years of his life, from age 40 onwards, Muhammad continued to receive revelations from God, becoming the last or seal of the prophets sent to mankind. During this time, while in Mecca, Muhammad preached first in secret and then in public, imploring his listeners to abandon polytheism and worship one God. Many early converts to Islam were women,
7191-421: The "world's first true scientist", in particular regarding his work in optics . In engineering, the Banū Mūsā brothers' automatic flute player is considered to have been the first programmable machine . In mathematics , the concept of the algorithm is named after Muhammad ibn Musa al-Khwarizmi , who is considered a founder of algebra , which is named after his book al-jabr , while others developed
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#17328555047297332-423: The 19th century such as Sailaifengye in China after returning from Mecca but were eventually persecuted and forced into hiding by Sufi groups. Other groups sought to reform Sufism rather than reject it, with the Senusiyya and Muhammad Ahmad both waging war and establishing states in Libya and Sudan respectively. In India, Shah Waliullah Dehlawi attempted a more conciliatory style against Sufism and influenced
7473-446: The 19th century, such as the Rio Tinto company founded in 1873, which started with the purchase of sulfur and copper mines from the Spanish government. Rio Tinto, now based in London and Melbourne , Australia, has made many acquisitions and expanded globally to mine aluminum , iron ore , copper , uranium , and diamonds . European mines in South Africa began opening in the late 19th century, producing gold and other minerals for
7614-563: The 19th century, the British East India Company had formally annexed the Mughal dynasty in India. As a response to Western Imperialism , many intellectuals sought to reform Islam . Islamic modernism , initially labelled by Western scholars as Salafiyya , embraced modern values and institutions such as democracy while being scripture oriented. Notable forerunners in the movement include Muhammad 'Abduh and Jamal al-Din al-Afghani . Abul A'la Maududi helped influence modern political Islam . Similar to contemporary codification , sharia
7755-488: The ASA. The ASA decided that the first ad was degrading to women, offensive and unsuitable for use as a poster. In the second case the ASA ruled that the use of a reference to the nursery rhyme " Ride a Cock Horse " was likely to attract the attention of children and that the advertisement was unsuitable for the medium in which it appeared. An Ann Summers lingerie factory in Portsmouth closed in 2005, with over 50 redundancies. Additionally, Ann Summers in Perth, Scotland ,
7896-402: The Arabic language and performed in the direction of the Kaaba . The act also requires a state of ritual purity achieved by means of either a routine wudu ritual wash or, in certain circumstances, a ghusl full body ritual wash. A mosque is a place of worship for Muslims, who often refer to it by its Arabic name masjid . Although the primary purpose of the mosque is to serve as
8037-496: The English language. Senior officials, although mostly still Swedish, all learned English and all major internal documents were in English, the lingua franca of multinational corporations. After the war, the number of businesses having at least one foreign country operation rose drastically from a few thousand to 78,411 in 2007. Meanwhile, 74% of parent companies are located in economically advanced countries. Developing and former communist countries such as China, India, and Brazil are
8178-431: The International Energy Agency (IEA), enabling states to coordinate policy, gather data, and monitor global oil reserves. In the 1970s, OPEC gradually nationalized the Seven Sisters. The Kingdom of Saudi Arabia, as the only largest world oil producer, could leverage this. However, Saudi Arabia opted for the correct approach and maintained consistent oil prices throughout the 1970s. In 1979, the "second oil shock" came from
8319-423: The Muslims at the Battle of Badr in 624 and then fought an inconclusive battle in the Battle of Uhud before unsuccessfully besieging Medina in the Battle of the Trench (March–April 627). In 628, the Treaty of Hudaybiyyah was signed between Mecca and the Muslims, but it was broken by Mecca two years later. As more tribes converted to Islam, Meccan trade routes were cut off by the Muslims. By 629 Muhammad
8460-451: The Netherlands has become a popular choice, as its company laws have fewer requirements for meetings, compensation, and audit committees, and Great Britain had advantages due to laws on withholding dividends and a double-taxation treaty with the United States. Corporations can legally engage in tax avoidance through their choice of jurisdiction but must be careful to avoid illegal tax evasion . Corporations that are broadly active across
8601-434: The OLI framework. The other theoretical dimension of the role of multinational corporations concerns the relationship between the globalization of economic engagement and the culture of national and local responses. This has a history of self-conscious cultural management going back at least to the 60s. For example: Ernest Dichter, architect, of Exxon's international campaign, writing in the Harvard Business Review in 1963,
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#17328555047298742-483: The Ottomans from the beginning. The Mevlevi Order and Bektashi Order had a close relation to the sultans, as Sufi-mystical as well as heterodox and syncretic approaches to Islam flourished. The often forceful Safavid conversion of Iran to the Twelver Shia Islam of the Safavid Empire ensured the final dominance of the Twelver sect within Shia Islam. Persian migrants to South Asia, as influential bureaucrats and landholders, helped spread Shia Islam, forming some of
8883-417: The Quran (lit. 'Recitation') is viewed as the final, verbatim and unaltered word of God. Prophets (Arabic: أنبياء , anbiyāʾ ) are believed to have been chosen by God to preach a divine message. Some of these prophets additionally deliver a new book and are called "messengers" ( رسول , rasūl ). Muslims believe prophets are human and not divine. All of the prophets are said to have preached
9024-430: The Quran. This example is preserved in traditions known as hadith , which are accounts of his words, actions, and personal characteristics. Hadith Qudsi is a sub-category of hadith, regarded as God's verbatim words quoted by Muhammad that are not part of the Quran. A hadith involves two elements: a chain of narrators, called sanad , and the actual wording, called matn . There are various methodologies to classify
9165-420: The Quran. Another well-known source of hadiths is known as The Four Books , which Shias consider as the most authentic hadith reference. Belief in the "Day of Resurrection" or Yawm al-Qiyāmah (Arabic: يوم القيامة ) is also crucial for Muslims. It is believed that the time of Qiyāmah is preordained by God, but unknown to man. The Quran and the hadith, as well as the commentaries of scholars , describe
9306-733: The Quran. Many Muslims recite the whole Quran during the month of Ramadan. One who has memorized the whole Quran is called a hafiz ("memorizer"), and hadiths mention that these individuals will be able to intercede for others on Judgment Day. Supplication to God, called in Arabic duʿāʾ ( Arabic : دعاء IPA: [dʊˈʕæːʔ] ) has its own etiquette such as raising hands as if begging. Remembrance of God ( ذكر , Dhikr' ) refers to phrases repeated referencing God. Commonly, this includes Tahmid, declaring praise be due to God ( الحمد لله , al-Ḥamdu lillāh ) during prayer or when feeling thankful, Tasbih , declaring glory to God during prayer or when in awe of something and saying ' in
9447-471: The Quran. Angels play a significant role in literature about the Mi'raj , where Muhammad encounters several angels during his journey through the heavens. Further angels have often been featured in Islamic eschatology , theology and philosophy . The pre-eminent holy text of Islam is the Quran . Muslims believe that the verses of the Quran were revealed to Muhammad by God, through the archangel Gabriel, on multiple occasions between 610 CE and 632,
9588-427: The Shia canonical hadith collection consists of four books . Muslims make up a majority of the population in 49 countries. Approximately 12% of the world's Muslims live in Indonesia , the most populous Muslim-majority country; 31% live in South Asia ; 20% live in the Middle East–North Africa ; and 15% live in sub-Saharan Africa . Muslim communities are also present in the Americas , China , and Europe . Muslims are
9729-404: The Third World colonies. That changed dramatically after 1945 as investors turned to industrialized countries and invested in manufacturing (especially high-tech electronics, chemicals, drugs, and vehicles) as well as trade. Sweden's leading manufacturing concern was SKF , a leading maker of bearings for machinery. In order to expand its international business, it decided in 1966 it needed to use
9870-636: The U.S. applies its corporate taxation "extraterritorially", which has motivated tax inversions to change the home state. By 2019, most OECD nations, with the notable exception of the U.S., had moved to territorial tax in which only revenue inside the border was taxed; however, these nations typically scrutinize foreign income with controlled foreign corporation (CFC) rules to avoid base erosion and profit shifting . In practice, even under an extraterritorial system, taxes may be deferred until remittance, with possible repatriation tax holidays , and subject to foreign tax credits . Countries generally cannot tax
10011-400: The UK in 2003. The Ann Summers parties include the presentation of sex toys and lingerie in the informal setting of someone's home, usually the home of one of the attendees. It can also involve the perusal of a catalogue, and often there are party games. Due to the adult nature of the business, Ann Summers has frequently faced opposition, both legal and social. For example, in 2003, they won
10152-583: The United States sanctions against Iran ; European companies faced with the possibility of losing access to the U.S. market by trading with Iran. International investment agreements also facilitate direct investment between two countries, such as the North American Free Trade Agreement and most favored nation status. Raymond Vernon reported in 1977 that of the largest multinationals focused on manufacturing, 250 were headquartered in
10293-506: The United States scrutinizes foreign investments. In addition, corporations may be prohibited from various business transactions by international sanctions or domestic laws. For example, Chinese domestic corporations or citizens have limitations on their ability to make foreign investments outside China, in part to reduce capital outflow . Countries can impose extraterritorial sanctions on foreign corporations even for doing business with other foreign corporations, which occurred in 2019 with
10434-609: The United States as the largest consumer and guarantor of the existing oil security order. Since the Iraq War, OPEC has had only a minor influence on oil prices, but it has expanded to 11 members, accounting for about 40 percent of total global oil production, although this is a decline from nearly 50 percent in 1974. Oil has practically become a common commodity, leading to much more volatile prices. Most OPEC members are wealthy, and most remain dependent on oil revenues, which has serious consequences, such as when OPEC members were pressured by
10575-461: The United States from 2010. The USA became the leading oil producer, creating tension with OPEC. In 2014, Saudi Arabia increased production to push new American producers out of the market, leading to lower prices. OPEC then reduced production in 2016 to raise prices, further worsening relations with the United States. By 2012, only 7% of the world's known oil reserves were in countries that allowed private international companies free rein; 65% were in
10716-610: The United States, 115 in Western Europe, 70 in Japan, and 20 in the rest of the world. The multinationals in banking numbered 20 headquartered in the United States, 13 in Europe, nine in Japan and three in Canada. Today multinationals can select from a variety of jurisdictions for various subsidiaries, but the ultimate parent company can select a single legal domicile ; The Economist suggests that
10857-738: The VOC in 1799, and during the 19th century, other governments increasingly took over private companies, most notably in British India. During the process of decolonization , the European colonial charter companies were disbanded, with the final colonial corporation, the Mozambique Company , dissolving in 1972. Mining of gold, silver, copper, and oil was a major activity early on and remains so today. International mining companies became prominent in Britain in
10998-498: The West to the post-colonial South and invest either in foreign expenditures or ostentatious economic development projects. After 1974, most of the money from OPEC members ceased as payments for goods and services or investments in Western industry. In February 1974, the first Washington Energy Conference was convened. The most significant contribution of this conference was the establishment of
11139-485: The authenticity of hadiths, with the commonly used grading grading scale being "authentic" or "correct" ( صحيح , ṣaḥīḥ ); "good" ( حسن , ḥasan ); or "weak" ( ضعيف , ḍaʻīf ), among others. The Kutub al-Sittah are a collection of six books, regarded as the most authentic reports in Sunni Islam . Among them is Sahih al-Bukhari , often considered by Sunnis to be one of the most authentic sources after
11280-833: The beginning of the compilation of the Quran. The Caliph Umar ibn Abd al-Aziz set up the committee, The Seven Fuqaha of Medina , and Malik ibn Anas wrote one of the earliest books on Islamic jurisprudence, the Muwatta , as a consensus of the opinion of those jurists. The Kharijites believed there was no compromised middle ground between good and evil, and any Muslim who committed a grave sin would become an unbeliever. The term "kharijites" would also be used to refer to later groups such as ISIS . The Murji'ah taught that people's righteousness could be judged by God alone. Therefore, wrongdoers might be considered misguided, but not denounced as unbelievers. This attitude came to prevail into mainstream Islamic beliefs. The Umayyad dynasty conquered
11421-462: The behavior of multinational corporations, given that they are effectively "stateless" actors, is one of several urgent global socioeconomic problems that has emerged during the late twentieth century. Potentially, the best concept for analyzing society's governance limitations over modern corporations is the concept of "stateless corporations". Coined at least as early as 1991 in Business Week ,
11562-728: The collapse of the Shah's regime in Iran. Iran became a regional power due to oil money and American weapons. The Shah eventually abdicated and fled the country. This prompted a strike by thousands of Iranian oil workers, significantly reducing oil production in Iran. Saudi Arabia tried to cope with the crisis by increasing production, but oil prices still soared, leading to the "second oil shock." Saudi Arabia significantly reduced oil production, losing most of its revenues. In 1986, Riyadh changed course, and oil production in Saudi Arabia sharply increased, flooding
11703-706: The companies. This occurred in 1960. Prior to the 1973 oil crisis , the Seven Sisters controlled around 85 percent of the world's petroleum reserves . In the 1970s, most countries with large reserves nationalized their reserves that had been owned by major oil companies. Since then, industry dominance has shifted to the OPEC cartel and state-owned oil and gas companies, such as Saudi Aramco , Gazprom (Russia), China National Petroleum Corporation , National Iranian Oil Company , PDVSA (Venezuela), Petrobras (Brazil), and Petronas (Malaysia). A unilateral increase in oil prices
11844-459: The concept of a function . The government paid scientists the equivalent salary of professional athletes today. Guinness World Records recognizes the University of Al Karaouine , founded in 859, as the world's oldest degree-granting university. Many non-Muslims, such as Christians , Jews and Sabians , contributed to the Islamic civilization in various fields, and the institution known as
11985-510: The conception was theoretically clarified in 1993: that an empirical strategy for defining a stateless corporation is with analytical tools at the intersection between demographic analysis and transportation research. This intersection is known as logistics management , and it describes the importance of rapidly increasing global mobility of resources. In a long history of analysis of multinational corporations, we are some quarter-century into an era of stateless corporations—corporations that meet
12126-643: The creation of a "world customer". The idea of a global corporate village entailed the management and reconstitution of parochial attachments to one's nation. It involved not a denial of the naturalness of national attachments, but an internationalization of the way a nation defines itself. "Multinational enterprise" (MNE) is the term used by international economist and similarly defined with the multinational corporation (MNC) as an enterprise that controls and manages production establishments, known as plants located in at least two countries. The multinational enterprise (MNE) will engage in foreign direct investment (FDI) as
12267-425: The creation of everything in the universe was brought into being by God's command as expressed by the wording, " Be, and it is ," and that the purpose of existence is to worship God. He is viewed as a personal god and there are no intermediaries, such as clergy , to contact God. Consciousness and awareness of God is referred to as Taqwa . Allāh is a term with no plural or gender being ascribed to it and
12408-516: The death of Uthman, but was defeated at the Battle of the Camel . Ali attempted to remove the governor of Syria, Mu'awiya , who was seen as corrupt. Mu'awiya then declared war on Ali and was defeated in the Battle of Siffin . Ali's decision to arbitrate angered the Kharijites , an extremist sect, who felt that by not fighting a sinner, Ali became a sinner as well. The Kharijites rebelled and were defeated in
12549-647: The debate from a neo-liberal perspective in Storm over the Multinationals (1977). Islam Islam is an Abrahamic monotheistic religion centered on the Quran and the teachings of the last Islamic Prophet and Messenger Muhammad , the religion's founder. Adherents of Islam are called Muslims , who are estimated to number approximately 1.9 billion worldwide and are the world's second-largest religious population after Christians . Muslims believe that Islam
12690-670: The decrease in Arab influence after the Mongol destruction of the Abbasid Caliphate. The Muslim Mongol Khanates in Iran and Central Asia benefited from increased cross-cultural access to East Asia under Mongol rule and thus flourished and developed more distinctively from Arab influence, such as the Timurid Renaissance under the Timurid dynasty . Nasir al-Din al-Tusi (1201–1274) proposed
12831-466: The early Abbasid era, scholars such as Muhammad al-Bukhari and Muslim ibn al-Hajjaj compiled the major Sunni hadith collections while scholars like Al-Kulayni and Ibn Babawayh compiled major Shia hadith collections. The four Sunni Madh'habs , the Hanafi, Hanbali, Maliki, and Shafi'i, were established around the teachings of Abū Ḥanīfa , Ahmad ibn Hanbal , Malik ibn Anas and al-Shafi'i . In contrast,
12972-618: The finest work in Arabic literature , and has influenced art and the Arabic language. Islam also holds that God has sent revelations, called wahy , to different prophets numerous times throughout history. However, Islam teaches that parts of the previously revealed scriptures, such as the Tawrat ( Torah ) and the Injil ( Gospel ), have become distorted —either in interpretation, in text, or both, while
13113-481: The firm makes direct investments in host country plants for equity ownership and managerial control to avoid some transaction costs . Sanjaya Lall in 1974 proposed a spectrum of scholarly analysis of multinational corporations, from the political right to the left. He put the business school how-to-do-it writers at the extreme right, followed by the liberal laissez-faire economists, and the neoliberals (they remain right of center but do allow for occasional mistakes of
13254-507: The gates of itjihad rather than blind imitation of scholars. He called for a jihad against those he deemed heretics, but his writings only played a marginal role during his lifetime. During the 18th century in Arabia, Muhammad ibn 'Abd al-Wahhab , influenced by the works of Ibn Taymiyya and Ibn al-Qayyim , founded a movement called Wahhabi to return to what he saw as unadultered Islam. He condemned many local Islamic customs, such as visiting
13395-399: The giving of a fixed portion (2.5% annually) of accumulated wealth by those who can afford it to help the poor or needy, such as for freeing captives, those in debt , or for (stranded) travellers, and for those employed to collect zakat. It acts as a form of welfare in Muslim societies. It is considered a religious obligation that the well-off owe the needy because their wealth is seen as
13536-472: The grave of Muhammad or saints, as later innovations and sinful and destroyed sacred rocks and trees, Sufi shrines, the tombs of Muhammad and his companions and the tomb of Husayn at Karbala, a major Shia pilgrimage site. He formed an alliance with the Saud family , which, by the 1920s, completed their conquest of the area that would become Saudi Arabia . Ma Wanfu and Ma Debao promoted salafist movements in
13677-416: The hands of state-owned companies that operated in one country and sold oil to multinationals such as BP, Shell, ExxonMobil and Chevron. Down through the 1930s, about 80% of the international investments by multinational corporations were concentrated in the primary sector, especially mining (especially oil) and agriculture (rubber, tobacco, sugar, palm oil , coffee, cocoa, and tropical fruits). Most went to
13818-566: The international oil market. Iran was unable to sell any of its oil. In August 1953, the then-prime minister was overthrown by a pro-American dictatorship led by the Shah, and in October 1954, the Iranian industry was denationalized. Worldwide oil consumption increased rapidly between 1949 and 1970, a period known as the 'golden age of oil'. This increase in consumption was caused not only by the growth of production by multinational oil companies but also by
13959-415: The internationalization of production. For the first time in history, production, marketing, and investment are being organized on a global scale rather than in terms of isolated national economies. International business is also a specialist field of academic research. Economic theories of the multinational corporation include internalization theory and the eclectic paradigm . The latter is also known as
14100-558: The largest Shia populations outside Iran. Nader Shah , who overthrew the Safavids, attempted to improve relations with Sunnis by propagating the integration of Twelverism into Sunni Islam as a fifth madhhab , called Ja'farism, which failed to gain recognition from the Ottomans. Earlier in the 14th century, Ibn Taymiyya promoted a puritanical form of Islam, rejecting philosophical approaches in favor of simpler theology, and called to open
14241-460: The largest recipients. However, 70% of foreign direct investment went into developed countries in the form of stocks and cash flows. The rise in the number of multinational companies could be due to a stable political environment that encourages cooperation, advances in technology that enable management of faraway regions, and favorable organizational development that encourages business expansion into other countries. A multinational corporation (MNC)
14382-406: The later Medinan chapters discuss more social and legal issues relevant to the Muslim community. Muslim jurists consult the hadith ('accounts'), or the written record of Muhammad's life, to both supplement the Quran and assist with its interpretation. The science of Quranic commentary and exegesis is known as tafsir . In addition to its religious significance, the Quran is widely regarded as
14523-474: The laws and regulations of both their domicile and the additional jurisdictions where they are engaged in business. In some cases, the jurisdiction can help to avoid burdensome laws, but regulatory statutes often target the "enterprise" with statutory language around "control". As of 1992 , the United States and most OECD countries have the donot legal authority to tax a domiciled parent corporation on its worldwide revenue, including subsidiaries. As of 2019 ,
14664-652: The majority. Caliph Al-Mu'tasim carried out inquisitions , with the traditionalist Ahmad ibn Hanbal notably refusing to conform to the Muʿtazila idea that the Quran was created rather than being eternal , which resulted in him being tortured and kept in an unlit prison cell for nearly thirty months. However, other schools of speculative theology – Māturīdism founded by Abu Mansur al-Maturidi and Ash'ari founded by Al-Ash'ari – were more successful in being widely adopted. Philosophers such as Al-Farabi , Avicenna and Averroes sought to harmonize Aristotle's ideas with
14805-488: The market with cheap oil. This caused a worldwide drop in oil prices, hence the "third oil shock" or "counter-shock." However, this shock represented something much bigger—the end of OPEC's dominance and its control over oil prices. Iraqi President Saddam Hussein decided to attack Kuwait. The invasion sparked a crisis in the Middle East, prompting Saudi Arabia to request assistance from the United States. The United States sent
14946-475: The marketplace such as externalities). Moving to the left side of the line are nationalists, who prioritize national interests over corporate profits, then the "dependencia" school in Latin America that focuses on the evils of imperialism, and on the far left the Marxists. The range is so broad that scholarly consensus is hard to discern. Anti-corporate advocates criticize multinational corporations for being without
15087-479: The modern gold dinar as their monetary system. While some of those who broke away were quietist , others believed in violence against those opposing them, even against other Muslims. In opposition to Islamic political movements, in 20th century Turkey, the military carried out coups to oust Islamist governments, and headscarves were legally restricted, as also happened in Tunisia. In other places, religious authority
15228-494: The moral decline and idolatry prevalent in Mecca and seeking seclusion and spiritual contemplation, Muhammad retreated to the Cave of Hira in the mountain Jabal al-Nour , near Mecca. It was during his time in the cave that he is said to have received the first revelation of the Quran from the angel Gabriel . The event of Muhammad's retreat to the cave and subsequent revelation is known as
15369-465: The name of God ' ( بسملة , basmalah ) before starting an act such as eating. According to Islamic tradition, Muhammad was born in Mecca in 570 CE and was orphaned early in life. Growing up as a trader, he became known as the " trusted one " ( Arabic : الامين ) and was sought after as an impartial arbitrator. He later married his employer, the businesswoman Khadija . In the year 610 CE, troubled by
15510-630: The pious. The Kharijites led the Berber Revolt , leading to the first Muslim states independent of the Caliphate. In the Abbasid Revolution , non-Arab converts ( mawali ), Arab clans pushed aside by the Umayyad clan, and some Shi'a rallied and overthrew the Umayyads, inaugurating the more cosmopolitan Abbasid dynasty in 750. Al-Shafi'i codified a method to determine the reliability of hadith. During
15651-509: The poor, foreigners, and slaves like the first muezzin Bilal ibn Rabah al-Habashi . The Meccan elite felt Muhammad was destabilizing their social order by preaching about one God and giving questionable ideas to the poor and slaves because they profited from the pilgrimages to the idols of the Kaaba. After 12 years of the persecution of Muslims by the Meccans , Muhammad and his companions performed
15792-560: The price collapse in 1998–1999. The United States still maintains close relations with Saudi Arabia. In 2003, U.S. forces invaded Iraq with the aim of removing the dictatorship and gaining access to Iraqi oil reserves, giving the United States greater strategic importance from 2000 to 2008. During this period, there was a constant shortage of oil, but its consumption continued to rise, maintaining high prices and leading to concerns about "peak oil". From 2005 to 2012, there were advances in oil and gas extraction, leading to increased production in
15933-595: The realities of the needs of source materials on a worldwide basis and to produce and customize products for individual countries. One of the first multinational business organizations, the East India Company , was established in 1601. After the East India Company came the Dutch East India Company , founded on March 20, 1603, which would become the largest company in the world for nearly 200 years. The main characteristics of multinational companies are: When
16074-460: The release of a blow-up doll named Mustafa Shag, claiming that the doll was offensive to Muslims as Mustafa was one of the names given to the Prophet Mohamed . In 2007, the company faced legal issues with Apple Inc due to its release of an electronic add-on to music players called the iGasm. The company has not backed down despite cease-and-desist orders by Apple. Also, a former director, who
16215-429: The rest of the religion. Non-Muslims wishing to convert to Islam are required to recite the shahada in front of witnesses. Prayer in Islam, called as-salah or aṣ-ṣalāt (Arabic: الصلاة ), is seen as a personal communication with God and consists of repeating units called rakat that include bowing and prostrating to God. There are five timed prayers each day that are considered duties. The prayers are recited in
16356-468: The same basic message of Islam – submission to the will of God – to various nations in the past, and this is said to account for many similarities among religions. The Quran recounts the names of numerous figures considered prophets in Islam , including Adam , Noah , Abraham , Moses and Jesus , among others. The stories associated with the prophets beyond the Quranic accounts are collected and explored in
16497-495: The strong influence of the United States on the global oil market. In 1959, companies lowered the price of oil due to a surplus in the market. This reduction dealt a significant blow to the finances of producers. Saudi oil minister Abdullah Tariki and Venezuela’s Juan Perez Alfonso entered into a secret agreement (the Mahdi Pact), promising that if the price of oil was lowered a second time, they would take collective action against
16638-592: The teachings of Ja'far al-Sadiq formed the Ja'fari jurisprudence . In the 9th century, Al-Tabari completed the first commentary of the Quran, the Tafsir al-Tabari , which became one of the most cited commentaries in Sunni Islam. Some Muslims began questioning the piety of indulgence in worldly life and emphasized poverty, humility, and avoidance of sin based on renunciation of bodily desires. Ascetics such as Hasan al-Basri inspired
16779-602: The teachings of Islam, similar to later scholasticism within Christianity in Europe and Maimonides ' work within Judaism, while others like Al-Ghazali argued against such syncretism and ultimately prevailed. This era is sometimes called the " Islamic Golden Age ". Islamic scientific achievements spanned a wide range of subject areas including medicine , mathematics , astronomy , and agriculture as well as physics , economics , engineering and optics . Avicenna
16920-641: The trials and tribulations preceding and during the Qiyāmah . The Quran emphasizes bodily resurrection , a break from the pre-Islamic Arabian understanding of death. On Yawm al-Qiyāmah, Muslims believe all humankind will be judged by their good and bad deeds and consigned to Jannah (paradise) or Jahannam (hell). The Quran in Surat al-Zalzalah describes this as: "So whoever does an atom's weight of good will see it. And whoever does an atom's weight of evil will see it." The Quran lists several sins that can condemn
17061-511: The underwear brand Knickerbox for an undisclosed sum. However, in 2014 they announced plans to sell the brand. The first Ann Summers shop was opened in 1970 in Marble Arch , London, from which it grew to six shops. Ann Summers was purchased in 1971 by brothers Ralph and David Gold , who turned it from a standard sex shop into an established high street brand and lingerie boutique. In 1981, David Gold installed his daughter Jacqueline Gold (who
17202-484: The world market, jobs for locals, and business and profits for companies. Cecil Rhodes (1853–1902) was one of the few businessmen in the era who became Prime Minister (of South Africa 1890–1896). His mining enterprises included the British South Africa Company and De Beers . The latter company practically controlled the global diamond market from its base in southern Africa. In 1945, the United States
17343-573: The world without a concentration in one area have been called stateless or "transnational" (although "transnational corporation" is also used synonymously with "multinational corporation" ), but as of 1992, a corporation must be legally domiciled in a particular country and engage in other countries through foreign direct investment and the creation of foreign subsidiaries. Geographic diversification can be measured across various domains, including ownership and control, workforce, sales, and regulation and taxation. Multinational corporations may be subject to
17484-503: The worldwide revenue of a foreign subsidiary, and taxation is complicated by transfer pricing arrangements with parent corporations. For small corporations, registering a foreign subsidiary can be expensive and complex, involving fees, signatures, and forms; a professional employer organization (PEO) is sometimes advertised as a cheaper and simpler alternative, but not all jurisdictions have laws accepting these types of arrangements. Disputes between corporations in different nations
17625-400: The year Muhammad died. While Muhammad was alive, these revelations were written down by his companions , although the primary method of transmission was orally through memorization . The Quran is divided into 114 chapters ( sūrah ) which contain a combined 6,236 verses ( āyāt ). The chronologically earlier chapters, revealed at Mecca , are concerned primarily with spiritual topics, while
17766-428: Was a pioneer in experimental medicine , and his The Canon of Medicine was used as a standard medicinal text in the Islamic world and Europe for centuries. Rhazes was the first to identify the diseases smallpox and measles . Public hospitals of the time issued the first medical diplomas to license doctors. Ibn al-Haytham is regarded as the father of the modern scientific method and often referred to as
17907-676: Was claimed by the Ottoman dynasty of the Ottoman Empire and its claims were strengthened in 1517 as Selim I became the ruler of Mecca and Medina . The Shia Safavid dynasty rose to power in 1501 and later conquered all of Iran. In South Asia, Babur founded the Mughal Empire . The religion of the centralized states of the gunpowder empires influenced the religious practice of their constituent populations. A symbiosis between Ottoman rulers and Sufism strongly influenced Islamic reign by
18048-484: Was co-opted and is now often seen as puppets of the state. For example, in Saudi Arabia, the state monopolized religious scholarship and, in Egypt, the state nationalized Al-Azhar University , previously an independent voice checking state power. Salafism was funded in the Middle East for its quietism. Saudi Arabia campaigned against revolutionary Islamist movements in the Middle East, in opposition to Iran. Muslim minorities of various ethnicities have been persecuted as
18189-438: Was enabled by multinational corporations known as the 'Seven Sisters'. The "Seven Sisters" was a common term for the seven multinational companies that dominated the global petroleum industry from the mid-1940s to the mid-1970s. The nationalization of the Iranian oil industry in 1951 by Iranian Prime Minister Mohammad Mosaddegh and the subsequent boycott of Iranian oil by all companies had dramatic consequences for Iran and
18330-563: Was established in 1969 after the burning of the Al-Aqsa Mosque in Jerusalem . Contact with industrialized nations brought Muslim populations to new areas through economic migration. Many Muslims migrated as indentured servants (mostly from India and Indonesia) to the Caribbean, forming the largest Muslim populations by percentage in the Americas. Migration from Syria and Lebanon contributed to
18471-570: Was for the first time partially codified into law in 1869 in the Ottoman Empire's Mecelle code. The Ottoman Empire dissolved after World War I , the Ottoman Caliphate was abolished in 1924 and the subsequent Sharifian Caliphate fell quickly, thus leaving Islam without a Caliph . Pan-Islamists attempted to unify Muslims and competed with growing nationalist forces, such as pan-Arabism . The Organisation of Islamic Cooperation (OIC), consisting of Muslim-majority countries ,
18612-635: Was forced to close after the local people complained about the store (mostly from parents embarrassed by questions raised by their children), which also led to other problems with the store. Perth was originally the only UK town where an Ann Summers store failed to take off. However, in May 2007 the Middleton Grange, Hartlepool store which opened in November 2005 was closed after less than two years of trading due to poor sales. In 2006, Muslim groups complained about
18753-448: Was fully aware that the means to overcoming cultural resistance depended on an "understanding" of the countries in which a corporation operated. He observed that companies with "foresight to capitalize on international opportunities" must recognize that " cultural anthropology will be an important tool for competitive marketing". However, the projected outcome of this was not the assimilation of international firms into national cultures, but
18894-488: Was historically called Mohammedanism in the English-speaking world . This term has fallen out of use and is sometimes said to be offensive , as it suggests that a human being, rather than God, is central to Muslims' religion. The Islamic creed ( aqidah ) requires belief in six articles : God, angels , revelation, prophets, the Day of Resurrection , and the divine predestination. The central concept of Islam
19035-506: Was killed by Yazid's forces; the event has been annually commemorated by Shias ever since. Sunnis, led by Ibn al-Zubayr and opposed to a dynastic caliphate, were defeated in the siege of Mecca . These disputes over leadership would give rise to the Sunni - Shia schism, with the Shia believing leadership belongs to Muhammad's family through Ali, called the ahl al-bayt . Abu Bakr's leadership oversaw
19176-546: Was labeled as "the largest nonviolent transfer of wealth in human history." The OPEC sought immediate discussions regarding participation in national oil industries. Companies were not inclined to object as the price hike benefited both them and OPEC members. In 1980, the Seven Sisters were entirely displaced and replaced by national oil companies (NOCs). The rise in oil prices burdened developing countries with balance of payments deficits, leading to an energy crisis. OPEC members had to abandon their plan of redistributing wealth from
19317-524: Was looking for water for her baby Ishmael in the desert before Mecca developed into a settlement. The pilgrimage also involves spending a day praying and worshipping in the plain of Mount Arafat as well as symbolically stoning the Devil . All Muslim men wear only two simple white unstitched pieces of cloth called ihram , intended to bring continuity through generations and uniformity among pilgrims despite class or origin. Another form of pilgrimage, Umrah ,
19458-452: Was named after Annice Summers, the female secretary of the male founder, Michael Caborn-Waterfield . Annice Summers was born Annice Goodwin in 1941, but later took her stepfather's surname. She left the company soon after it opened, following a row with Caborn-Waterfield. She went to live in Umbria , Italy , two hours from Rome, and died of cancer in October 2012. In 2000, Ann Summers acquired
19599-554: Was the Executive Chair of Ann Summers) and she introduced the Party Plan concept. The retail operations for all of Ann Summers' shops are managed from their Head Office in Whyteleafe , Surrey and, as of December 2010, Ann Summers operated 144 retail outlets across the UK, Ireland , the Channel Islands and Spain . The shops offer lingerie, underwear, cosmetics , swimwear and sex toys. The stores sell two million Rampant Rabbits ,
19740-456: Was the world's largest oil producer. However, their reserves were declining due to high demand. Therefore, the United States turned to foreign oil sources, which had a significant impact on the recovery of the West after World War II. Most of the world's oil was found in Latin America and the Middle East, particularly in the Arab states of the Persian Gulf. This increase in non-American production
19881-548: Was victorious in the nearly bloodless conquest of Mecca , and by the time of his death in 632 (at age 62) he had united the tribes of Arabia into a single religious polity . Muhammad died in 632 and the first successors, called Caliphs – Abu Bakr , Umar , Uthman ibn al-Affan , Ali ibn Abi Talib and sometimes Hasan ibn Ali – are known in Sunni Islam as al-khulafā' ar-rāshidūn (" Rightly Guided Caliphs "). Some tribes left Islam and rebelled under leaders who declared themselves new prophets but were crushed by Abu Bakr in
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