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International Journal Of Engineering, Business And Management(IJEBM)

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  3. Vol-8,Issue-4, October - December 2024
  4. Principles, Practices and Potentials of Entrepreneurship from Islamic Perspective

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Principles, Practices and Potentials of Entrepreneurship from Islamic Perspective

Md Mamunor Rashid


International Journal of Engineering, Business And Management(IJEBM), Vol-8,Issue-4, October - December 2024, Pages 40-47 , 10.22161/ijebm.8.4.6

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Article Info: Received: 14 Nov 2024; Received in revised form: 11 Dec 2024; Accepted: 20 Dec 2024; Available online: 28 Dec 2024

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Entrepreneurship from an Islamic perspective offers a unique approach that integrates ethical values, socio-economic development, and sustainability into business practices. This study explores the foundational principles of Islamic entrepreneurship, such as justice (Adl), trustworthiness (Amanah), and public welfare (Maslahah), highlighting their role in shaping ethical entrepreneurial behavior. Historical examples and modern interpretations demonstrate the compatibility of these principles with contemporary business trends, including corporate social responsibility and sustainability. However, challenges such as misconceptions, resource constraints, and cultural variations hinder its widespread adoption. The study also examines the role of technology and Shariah-compliant financial models in expanding the reach of Islamic entrepreneurship. Recommendations emphasize the importance of education, institutional support, and leveraging technology to overcome these barriers. This research concludes that Islamic entrepreneurship provides a sustainable and inclusive framework for addressing modern economic and social challenges while promoting ethical business practices.

Islamic Entrepreneurship, Ethical Business Practices, Justice, Trustworthiness, Sustainability, Shariah Compliance, Socio-Economic Development.

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