The ethical practices of individuals within a culture are often closely tied to their religion.ChristianityChristianity is the largest religion and is widespread throughout Europe, the Americas and other countries colonized by Europeans. Economic Implications of Christianity: The Protestant Work Ethic: At the turn of the century, Weber suggested that it was the Protestant work ethic (the emphasis on hard work, wealth creation, and frugality) that was the driving force of capitalism. IslamIslam extends the underlying roots of Christianity to a comprehensive way of life that governs everyone's being. In the West, Islamic fundamentalism is associated in the media with militants, terrorists and violent uprisings. However, the vast majority of Muslims emphasize that Islam teaches peace, justice and tolerance. Fundamentalists gained political power in many Muslim countries and attempted to make Islamic law the law of the land.• Economic Implications of Islam In Islam, people do not own property, but only act as stewards of God and must therefore take care of them. with which they were charged. Even though Islam supports business, the way business is done is prescribed..