Skip to main content

Exploring the Islamic Value-Based Entrepreneurship in Malaysia

  • Chapter
  • First Online:

Abstract

This paper attempts to draw the attention of researchers about Islamic Entrepreneurship, a dimension out of focus for at least two decades. Extensive work on literature search found that there is scarcity evidence on intellectual and scholastic research done on Islamic Entrepreneurship. Albeit this study never claims as the most comprehensive work in this area, at least it fills the vacuum of two decades with the latest coverage on Islamic Entrepreneurship process and values without merely targeted on monetary profit. Working along that line, this study offers a discussion on the importance of Islamic Entrepreneurship based on the Islamic Value-Based Entrepreneurship (IVBE) model. This study reviews on several models of Islamic business perspective, Islamic civilization and entrepreneurship, individual ethics, and modern day of Quadruple Helix Innovation approach. Hence, this needs more study if we are to address the question of “Have we learned enough about Islamic entrepreneurial values?” and “Is there any model approach can be adapted?”

This is a preview of subscription content, log in via an institution.

Buying options

Chapter
USD   29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD   129.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD   169.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD   169.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Learn about institutional subscriptions

References

  • Alam, M., Bhuiyan, A. B., & Alam, A. (2017). Islamic and Social Entrepreneurships for Social Justice: A policy and structural framework for social enterprise economics.

    Google Scholar 

  • Al-Harran, S. (1995). The new role of the Muslim Business University students in the development of entrepreneurship and small & medium industries In Malaysia. Journal of Islamic Economic Studies, 3, 123–134.

    Google Scholar 

  • Arnkil, R., Järvensivu, A., Koski, P., & Piirainen, T. (2010). Exploring the quadruple helix. Report of Quadruple Helix Research for the CLIQ Project. Tampere: Work Research Centre, University of Tampere.

    Google Scholar 

  • Azmi, F. R., Musa, H., Sihombing, H., & Fen, F. S. (2018). Adoption factors of halal standards: The Malaysian perspectives. In Paper presented at the Proceedings of the 3rd International Halal Conference (INHAC 2016).

    Google Scholar 

  • Beekun, R. I., & Abd, Z. (1998). In Etika Perniagaan Islam: Diterbitkan bersama oleh the International Institute of Islamic Thought, Malaysia dan Thinker’s Library.

    Google Scholar 

  • Curley, M. (2015). The evolution of open innovation. Journal of Innovation Management, 3(2), 9–16.

    Article  Google Scholar 

  • Curley, M., & Salmelin, B. (2013). Open innovation 2. O: A New Paradigm.

    Google Scholar 

  • Harrison, P., & Roomi, M. A. (2018). 5. Islamic insights on entrepreneurial leadership. Research handbook on entrepreneurship and leadership (pp. 106).

    Google Scholar 

  • Hashim, M. A. (2010). Islamic entrepreneurship. Retrieved from http://www.businessjihad.com/?p=2746

  • Hassan, M. K., & Kayed, R. (2010). The global financial crisis and Islamic finance. University of New Orleans, USA, Arab-American University, Palestine.

    Google Scholar 

  • Hoque, N., Ali, M. H., Arefeen, S., Mowla, M. M., & Mamun, A. (2018). Use of crowdfunding for developing social enterprises: An Islamic approach. International Journal of Business and Management, 13(6), 156.

    Article  Google Scholar 

  • Jan, M., & Nawawi, B. (2009). Theories & Concept of Entrepreneurship: Position of Entrepreneurship and business in Islam.

    Google Scholar 

  • Karim, A. (2007). Ekonomi Makro Islam (2nd ed.). Jakarta: PT. Rajagrafindo Persada.

    Google Scholar 

  • Kayed, R. N. (2006). Islamic entrepreneurship: a case study of the Kingdom of Saudi Arabia: A thesis presented in fulfilment of the requirements for the degree of Doctor of Philosophy in Development Studies, Massey University, Palmerston North, New Zealand.

    Google Scholar 

  • Parveen, S., Senin, A. A., & Umar, A. (2015). Organization culture and open innovation: A quadruple helix open innovation model approach. International Journal of Economics and Financial Issues, 5(S), 335–342.

    Google Scholar 

  • Sahad, M. N., Abdullah, S., Abdullah, A. H., & Abdullah, S. (2018). Business Lures Employed by Malay Kelantanese Entrepreneurs. Paper presented at the MATEC Web of Conferences.

    Google Scholar 

  • Thaib, L., & Pa, B. C. (2014). Islamic business leadership modelling for sustainable development. International Journal of Multidisciplinary Academic Research, 2(1), 25–32.

    Google Scholar 

  • Yusof, A. A. (2010). Pengenalan kepada keusahawanan Islam. Kuala Lumpur: Scholarmind Publishing.

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Muhamad Saufi Che Rusuli .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2019 Springer Nature Singapore Pte Ltd.

About this chapter

Check for updates. Verify currency and authenticity via CrossMark

Cite this chapter

Che Rusuli, M., Tasmin, R., Mustapha, N., Abdul Kadir, S. (2019). Exploring the Islamic Value-Based Entrepreneurship in Malaysia. In: Sidek, N., Said, R., Hasan, W. (eds) Islamic Development Management. Springer, Singapore. https://doi.org/10.1007/978-981-13-7584-2_10

Download citation

Publish with us

Policies and ethics