Entrepreneurship In Islam

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INTRODUCTION Entrepreneurship is a part of Islamic economics and businesses. Entrepreneurship is the pursuit of opportunity beyond resources controlled. Prophet Muhammad SAW and his companions are examples of this. There are a lot of Muslims that are successful entrepreneurs in the world and Islam always invites all Muslims to be an innovative and active entrepreneurs. Entrepreneurship is an integral part of Islamic religion. The Muslim entrepreneurs are ‘khalifah’ and have the responsibilities to develop prosperity and sees business as part of ‘ibadah’ or good deed. Success in Islam is not merely measured by the end result but also the way and means of achieving them. In Islam, the activity also known as Ibadah or good deed. In position of entrepreneurship and business in Islam is encouraged to venture into business. Prophet Muhammad (PBUH) expounded that 9 out 10 sources of sustenance…show more content…
Then, the successful path and means for achieving success for Muslim entrepreneurs are unique. Success in Islam is not merely measured by the end result, but also the means and ways of achieving them. In Islamic entrepreneurship have seven steps towards a success in life according to Imam Al-Ghazali. It is a level of knowledge, level of Taubat or repentance, level of obstacles, level of handicap, level of Praise and Thankfulness, level of motivation and level of temptation. Position of business and entrepreneur is Islam proposed (business venture), Allah prepared (facilities), Islam outlined (rules and regulation) and Allah promised (reward). Other than that, in Islamic entrepreneurship have motivated by needs of society and desire to satisfy religious obligations. Second is engaging productive venture involving the creation of real goods and services and financed through interest free profit loss sharing. Last but not list is speculation and excessive risk taking is prohibited and Shari’ah
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