Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
Entrepreneurship
Entrepreneurship
ETR3153
By: Wan Nurhamizah Wan Zakaria
Session Objectives
At the end of the session, students
Definition of an
Entrepreneur
An entrepreneur is a person
Definition of
Entrepreneurship
Entrepreneurship involves not only the
process that leads to the setting-up of a
business entity but also the expansion
and development of an going concern.
The study of entrepreneurship is
concerned with the entrepreneurial
behavior, the dynamics of business setup and expansion or development of an
entrepreneurial organization.
Development of
Entrepreneurship Theories
Adam Smith (1776) An entrepreneur is a
Development of
Entrepreneurship Theories
Carl Menger (1871) The entrepreneur acts as an
Development of
Entrepreneurship Theories
Ibnu Khaldun (Abdul Rahman Mohamed
Islamic Entrepreneurship
Discussion on Islamic
Human Nature
It is part of human nature to follow the
Motivation
Following the sunnah of ambiya and
Possession of Wealth
In Islam, possession of wealth is allowed
Entrepreneurship as Ibadah
Muslim entrepreneurs involvement in
Islamic Entrepreneurship
Model
Islam Propagates
(Business Venture)
Allah Prepared
(Facilities)
Islam Provides
(Guidelines & Procedures)
Allah Promised
(Rewards)
Entrepreneurial Ethics
Prevent laziness
Eradicate fear/shyness
Search for legitimate ventures
Avoid unlawful sources of income
Show gratitude and thankfulness
Grow and develop wealth
Diversify business ventures
Avoid greediness
Entrepreneurial Ethics
Avoid malicious behavior
Avoid squandering (elakkan membazir)
Avoid stinginess (elakkan kedekut)
Pay zakat and alms (sedekah)
Be trustworthy
Pray consistently
Tawakkal
Patience
Qanaah
Exemplary Conducts of
Muslim Entrepreneurs
Business is secondary to the call of
jihad (crusade)
Never use power or influence for selfinterest
Afraid of accumulated wealth
Leadership qualities in all aspects
Practice moderate way of life