Record Details

ENTREPRENEURSHIP AND LEADERSHIP: AN ISLAMIC PERSPECTIVE

International Journal of Economics, Management and Accounting

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Field Value
 
Title ENTREPRENEURSHIP AND LEADERSHIP: AN ISLAMIC PERSPECTIVE
 
Creator Fozia, Maryam
Rehman, Ayesha
Farooq, Ayesha
 
Description Islam is a religion that provides not only guidelines for spiritual matters but also worldly matters, including the conduct of business. The main contribution of the study is in explaining the role of religion in managing enterprises vis-à-vis the characteristics of an entrepreneur and leader who practices Islam in conducting business. The principles are for leaders and entrepreneurs who are desirous of implementing leadership and entrepreneurship as guided by Islam. Two broad categories are discussed in this article: entrepreneurship and leadership in Islam. Seminal work in this area provides the understanding on the teachings of Islam and its principles for practicing entrepreneurship and leadership. The teachings of Islam have been elucidated from practicing perspectives. This article shows that Islam is a practical religion with entrepreneurship and leadership practice characterized by taqwā (faith), tawakkul (dependence on Allah), efficient and proper use of resources, the use of permissible sources of production and the production of permissible products, sincerity in efforts, trustworthiness in all dealings, concern for societal welfare and the environment, fairness and transparency in all activities, pursuance of knowledge, taking pride in work/ labor, and consultation with stakeholders before decision making. This article suggests that leaders and entrepreneurs who possess the qualities laid down in Islam are expected to combat any managerial challenge and complexity in administering their responsibilities. This article attempts to express the Islamic teachings in such a way that it is easier for entrepreneurs and leaders to practice Islam. Along with proposing the principles a good amount of rationalism is generated through citing Quranic verses and aḥādīth pertinent to each sub-topic.
 
Publisher Kulliyyah of Economics and Management Sciences
 
Date 2016-06-30
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://journals.iium.edu.my/enmjournal/index.php/enmj/article/view/392
 
Source International Journal of Economics, Management and Accounting; Vol 24 No 1 (2016); 15-47
2462-1420
 
Language eng
 
Relation http://journals.iium.edu.my/enmjournal/index.php/enmj/article/view/392/204