Islamic Entrepreneurship Application and Its Strategies

Author:

Pananjung Alfatih Gessan1,Ala Ammar Ibna2ORCID,Rafiki Ahmad3ORCID

Affiliation:

1. Bahrain Institute of Banking and Finance, Bahrain

2. University of Bangor, UK

3. Universitas Medan Area, Indonesia

Abstract

This study aims to explore various facets of entrepreneurship, particularly Islamic entrepreneurship, from a religious perspective, with a focus on its practice within the context of Bangladesh. In Bangladesh, diverse social enterprises, some profit-driven and rooted in Islamic principles like Zakat and Waqf, exemplify Islamic entrepreneurship. Examples include the Baitul Mukarram complex and the Islamic Bank Hospital, which generate income, promote Islamic culture, and address social needs. Social Islamic Bank Ltd. employs Cash Waqf, while organizations like Muslim Aid Bangladesh focus on economic empowerment. These approaches showcase the blend of profit motives, social impact, and religious values in Bangladeshi Islamic entrepreneurship.

Publisher

IGI Global

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