Team Members Mr. Azman Mr. Wan Hafis Mr. Mior Mohamad Mr. Rosli Mr.

Roslan

Entrepreneurship in Islamic Perspective:

ISSUES, CHALLENGES & PROSPECTS

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 the term usahawan is used for entrepreneur) Ibnu Khaldun ( Abdul Rahman Mohamed Khaldun)The entrepreneur is seen as a knowledgeable individual and is instrumental in the development of a city-state where enterprise will emerge.

DEFINITION

Entrepreneurship in Islamic Perspective

The Muslim entrepreneurs are khalifah and have the responsibilities develop prosperity and sees business as part of ibadah or good deeds.

Business success in Islam is not merely measured by the end result, but also the means and ways of achieving them.

Entrepreneurship is an integral parts of Islamic religion.

Islam has its own entrepreneurship culture and guiding principles based on the Al-Quran and Hadith to guide business operations.

There is n o separati on betwee business n and religio n. Prophe Muhamm t ad S.A.W . expound that 9 out ed of 10 sou rce of rizque can be found in business.

Issues

Issues
What are the Ethical behavior of Muslim Entrepreneurship
Avoid malicious behavior Avoid squandering Avoid stinginess To pay alms (zakat) Trustworthy To pray consistently Tawakkal Patience Qanaah

Why use are graphics from PowerPointing.com? What the exemplary good conducts of Muslim entrepreneurs:Ethics Zakat

Avoid using influence for self interest

Leadership qualities in all aspects

Afraid of accumulated wealth

Practice moderate way of life

professional

Ibadah or good deeds

Challenges
1.Laziness
3.Temptation( Be selective to search for legitimate ventures only) 5.Lack of gratitude and thankfulness of whatever has been acquired

2.Corruption

6.Forbidden sources of income and property 7.Lack of courage to develop capital and profit 4.Greediness

8.Lack of courage to diversify business ventures.

Most cha llenges in Islamic Entrepre uneur

Challenges

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

It's all about standing out...

Jannah : worldly success should act as the bridge to the ultimate success in the life hereafter (paradise) Taufiq : Asking for the blessing of Allah in proportion to ones expectation Saadah : Spritual happiness

Qanaah : be pleased and thankful to ones earnings.

Halal : livelihood that are in accordance to what is being outlined by Allah s.w.t and syariah.

Conclusion
Most entrepreneurs have the desire to achieve successful business ventures. The successful path and means for achieving success for Muslim entrepreneurs are unique. Success in Islam is not merely measured by end result, but also by means and ways of achieving them. The person must firsly be a Muslim, then an entrepreneur. Muslim entrepreneur should search for God blessings above all other factors. A Muslim entrepreneur perform business not solely for profit, but above all , to fulfill the fardhu kifayah.

2010