islamic entrepreuneur: issues, challenges and prospects

7/28/2019 Islamic entrepreuneur: Issues, challenges and prospects

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Entrepreneurship in Islamic Perspective:

ISSUES, CHALLENGES & PROSPECTS

Team Members

Mr. AzmanMr. Wan HafisMr. Mior Mohamad

Mr. RosliMr. Roslan


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INTRODUCTION

Functional Definition of Entrepreneur Entrepreneurs are individuals who actively form or

lead their own business and nurture them for

growth and prosperity.( Notes: In Malaysia theterm usahawan is used for entrepreneur)

Ibnu Khaldun ( Abdul Rahman Mohamed

Khaldun)The entrepreneur is seen as aknowledgeable individual and is instrumental in the

development of a city-state where enterprise will

emerge.


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DEFINITION


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The Muslimentrepreneurs

are khalifah and

have the

responsibilities

develop

prosperity and

sees business

as part ofibadah or good

deeds.

Entrepreneurship

is an integral

parts of Islamic

religion.

Islam has its own

entrepreneurship

culture and

guiding

principles basedon the Al-Quran

and Hadith to

guide business

operations.

Thereisnoseparationbetweenbusinessandreligion.ProphetMuhammadS.A.W.expoundedthat9outof10sourceofrizquecanbefoundinbusiness.

Entrepreneurship in Islamic Perspective

Business success inIslam is not merelymeasured by the endresult, but also themeans and ways ofachieving them.


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Issues


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Issues

What are the Ethical behavior of MuslimEntrepreneurshipAvoid malicious behavior

Avoid squanderingAvoid stinginess

To pay alms (zakat)

Trustworthy

To pray consistently Tawakkal

Patience

Qanaah


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Why use graphics from PowerPointing.com?

Practice

moderate

way of life

Ethics

professionalIbadah orgood deeds

Afraid of

accumulated

wealth

Leadership

qualities in

all aspects

Avoid using

influence for

self interest

What are the exemplary good conducts of Muslimentrepreneurs:-

Zakat


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Challenges

MostchallengesinIslamicEntrepreuneur

1.Laziness

2.Corruption

3.Temptation( Be selective

to search for legitimate

ventures only)

6.Forbidden sources of

income and property

4.Greediness

5.Lack of gratitude and thankfulness of

whatever has been acquired

7.Lack of courage to develop capital and profit

8.Lack of courage to diversify business ventures.


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Other challenges that requires appropriate

actions from Muslim entrepreneurs :

-To increase level of knowledge-To increase level of motivation

-To increase level of praise and thankfulness

-To increase level of taubat (repentance)

-To reduce level of handicap

-To reduce level of obstacles

Challenges


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It's all about standing out...

Taufiq :

Asking for

the blessing

of Allah in

proportion

to onesexpectation

Jannah : worldly success

should act as the bridge

to the ultimate success in

the life hereafter

(paradise)

Saadah :

Spritual

happiness

Qanaah : be

pleased and

thankful to

ones

earnings.

Halal : livelihood that

are in accordance to

what is being outlinedby Allah s.w.t and

syariah.


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Conclusion

Most entrepreneurs have the desire to achievesuccessful business ventures.

The successful path and means for achievingsuccess for Muslim entrepreneurs are unique.

Success in Islam is not merely measured byend result, but also by means and ways ofachieving them.

The person must firsly be a Muslim, then an

entrepreneur. Muslim entrepreneur shouldsearch for God blessings above all otherfactors.

A Muslim entrepreneur perform business notsolely for profit, but above all , to fulfill the

fardhu kifayah.

2010

islamic entrepreuneur: issues, challenges and prospects

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