Dynamics and traits of entrepreneurship: an Islamic approach
| Published date | 14 April 2014 |
| Date | 14 April 2014 |
| DOI | https://doi.org/10.1108/WJEMSD-04-2013-0027 |
| Pages | 128-142 |
| Author | Nazamul Hoque,Abdullahil Mamun,Abdullah Mohammad Ahshanul Mamun |
| Subject Matter | Strategy,Business ethics,Sustainability |
Dynamics and traits of
entrepreneurship: an Islamic
approach
Nazamul Hoque, Abdullahil Mamun and
Abdullah Mohammad Ahshanul Mamun
Department of Business Administration,
International Islamic University Chittagong, Chittagong, Bangladesh
Abstract
Purpose – The purpose of this paper is to develop traits and model of entrepreneurship development
from Islamic point of view.
Design/methodology/approach – The study is descriptive, in so far as its goal is to describe a
method, and the nature of the pap er is conceptual. The study draws on secondary materials through
library research.
Findings – In this paper both the traits as well as model of entrepreneurship are developed from
Islamic perspective. The salient traits are knowledge, initiative, risk taking, customer or ientation,
employee involvement, strategic thinking, fear of Allah, hard working, innovativeness, excellence,
honesty and truthfulness, morality, vision, optimism, patience, social welfare, Halal earnings and
economical. The model would be used for developing entrepreneurship from Islamic p erspective by
performing various types of activities relating to the phases of preparatory and awareness
development, support and motivation and feedback.
Research limitations/implications – The paper has implications for government, p otential
entrepreneurs and existing entrepreneurs of Muslim countries representing one fourth of the world
population. It is also expected that the study will help and encourage Islamic scholars to think over the
matter and make them more aware in developing entrepreneurship based on Quran and Sunna in
the modern business world.
Practical implications – The findings of this research can be used as a guide to develop
entrepreneurship in Muslim countries from Islamic point of view. The study could have practical
implications falling within the purview of social sciences such as economics, business studies, public
administration, political science, development studies, sociology, law, Quranic science, industrial
management, education and human resource management.
Originality/value – While many studies, partially, have focussed on traditional entrepreneurship
sparing the demand of Muslim world, in this paper, the authors open a new avenue contributing to the
literature on entrepreneurship development from Islamic perspective. The proposed model will be of
genuine interest and benefits to government as prime policymaker, existing entrepreneurs, potential
entrepreneurs, Islamic scholars and academicians.
Keywords Entrepreneurship, Government, Islamic
Paper type Conceptual paper
1. Introduction
A country is poor not because of the lack of resources. Rather, it lacks sufficient
number of good entrepreneurs (Gupta and Srinivasan, 1992). Indeed, entrepreneurs are
called forth factor of production (Glancey and McQuaid, 2000), engine of economic
growth (Schumpeter, 1934; Azim, 2011) and catalytic agent of change (Young, 1987),
because; economic development of a country is accelerated by the activities of qualified
entrepreneurs (Schumpeter, 1934; Matlay, 2005). Entrepreneurs are regarded as
innovators (Schumpeter, 1934), organizers (Say, 1924), gap-fillers (Leibenstine, 1978)
The current issue and full text archive of this journal is available at
www.emeraldinsight.com/2042-5961.htm
Received 10 April 2013
Revised 10 April 2013
Accepted 15 May 2013
World Journal of Entrepreneurship,
Management and Sustainable
Development
Vol. 10 No. 2, 2014
pp. 128-142
rEmeraldGroup PublishingLimited
2042-5961
DOI 10.1108/W JEMSD-04-2013-00 27
128
WJEMSD
10,2
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