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Halal entrepreneurship from Maqasid-al-sharia’h perspective: inseparable concept for Halalpreneurs

Entrepreneurship has become one of the vital activities for economic development. It is synonymous with job creation, innovation, improvement in the societal well-being and economic growth in developed and developing countries alike. There is great interest in entrepreneurship globally as well as in...

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Main Authors: Abdullah, Moha Asri, Azam, Md Siddique
Format: Conference or Workshop Item
Language:English
English
English
Published: 2019
Subjects:
HF Commerce
HF5001 Business. Business Administration
HF5387 Business ethics
Online Access:http://irep.iium.edu.my/74266/1/Article%20on%20Halal%20Entrepreneurship%20from%20Maqasiq-al-Shari%27ah.pdf
http://irep.iium.edu.my/74266/6/74266_Halal%20entrepreneurship%20from%20maqasid-al-sharia%E2%80%99h_SCOPUS.pdf
http://irep.iium.edu.my/74266/7/74266_Halal%20entrepreneurship%20from%20maqasid-al-sharia%E2%80%99h.pdf
http://irep.iium.edu.my/74266/
https://globalhalalsphere2019.com/
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spelling my.iium.irep.742662020-07-13T07:13:02Z http://irep.iium.edu.my/74266/ Halal entrepreneurship from Maqasid-al-sharia’h perspective: inseparable concept for Halalpreneurs Abdullah, Moha Asri Azam, Md Siddique HF Commerce HF5001 Business. Business Administration HF5387 Business ethics Entrepreneurship has become one of the vital activities for economic development. It is synonymous with job creation, innovation, improvement in the societal well-being and economic growth in developed and developing countries alike. There is great interest in entrepreneurship globally as well as in Malaysia. Over the past few years, many individuals, as well as families, are actively engaged with the small business. Also, in light of the 2013 GEM study, 12.7% of Americans are effectively occupied with beginning a business or are the proprietor/director of a business that is under three years of age. Simultaneously, the Halal industry, that represents the global Islamic economy, is the fastest growing market in the world with $2.3 trillion market value. Halal entrepreneurs (Halalpreneurs) are the major contributors to this achievement as they constitute a significant portion of the total establishment in most of the Muslim countries. That is the reason Entrepreneurship has turned into a conventional term that depicts a wide range of practices that include being innovative, devilish and tricky. Entrepreneurship has been defined by many scholars, researchers, industry players, and academicians globally which has also been perceived in the same way by most of the economies around the world. However, the Islamic economy looks at the concept of ‘entrepreneurship’ in a different way and perceives it as ‘Halalpreneurship’. To define entrepreneurship in the Halal industry, although, the term ‘Halalpreneurship’ is being used, surprisingly the term has not been defined properly yet. It is essential for the Muslim entrepreneurs to have a proper understanding of Halalpreneurship from Maqasid-al-Shariah perspective. Such point of view is crucial to justify the term in the Halal industry and differentiate from conventional entrepreneurs. On this context, this paper provides concept and definition of Halalpreneurship justifying from the perspective of Maqasid-al-Sharia’h. It also identifies the differences between Halalpreneurs and entrepreneurs using secondary resources available in the forms of literature, research papers, journal papers, articles, conference papers, online publications, etc. The findings of the study will clarify the concept of Halalpreneurship from Maqasid-al-Sharia’h perspective and recognize Halalpreneurs distinguished from conventional entrepreneurs. 2019-08-21 Conference or Workshop Item NonPeerReviewed application/pdf en http://irep.iium.edu.my/74266/1/Article%20on%20Halal%20Entrepreneurship%20from%20Maqasiq-al-Shari%27ah.pdf application/pdf en http://irep.iium.edu.my/74266/6/74266_Halal%20entrepreneurship%20from%20maqasid-al-sharia%E2%80%99h_SCOPUS.pdf application/pdf en http://irep.iium.edu.my/74266/7/74266_Halal%20entrepreneurship%20from%20maqasid-al-sharia%E2%80%99h.pdf Abdullah, Moha Asri and Azam, Md Siddique (2019) Halal entrepreneurship from Maqasid-al-sharia’h perspective: inseparable concept for Halalpreneurs. In: Global Halal Sphere Conference 2019, 21st- 22nd August 2019, Kuala Lumpur. (Unpublished) https://globalhalalsphere2019.com/
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
English
English
topic HF Commerce
HF5001 Business. Business Administration
HF5387 Business ethics
spellingShingle HF Commerce
HF5001 Business. Business Administration
HF5387 Business ethics
Abdullah, Moha Asri
Azam, Md Siddique
Halal entrepreneurship from Maqasid-al-sharia’h perspective: inseparable concept for Halalpreneurs
description Entrepreneurship has become one of the vital activities for economic development. It is synonymous with job creation, innovation, improvement in the societal well-being and economic growth in developed and developing countries alike. There is great interest in entrepreneurship globally as well as in Malaysia. Over the past few years, many individuals, as well as families, are actively engaged with the small business. Also, in light of the 2013 GEM study, 12.7% of Americans are effectively occupied with beginning a business or are the proprietor/director of a business that is under three years of age. Simultaneously, the Halal industry, that represents the global Islamic economy, is the fastest growing market in the world with $2.3 trillion market value. Halal entrepreneurs (Halalpreneurs) are the major contributors to this achievement as they constitute a significant portion of the total establishment in most of the Muslim countries. That is the reason Entrepreneurship has turned into a conventional term that depicts a wide range of practices that include being innovative, devilish and tricky. Entrepreneurship has been defined by many scholars, researchers, industry players, and academicians globally which has also been perceived in the same way by most of the economies around the world. However, the Islamic economy looks at the concept of ‘entrepreneurship’ in a different way and perceives it as ‘Halalpreneurship’. To define entrepreneurship in the Halal industry, although, the term ‘Halalpreneurship’ is being used, surprisingly the term has not been defined properly yet. It is essential for the Muslim entrepreneurs to have a proper understanding of Halalpreneurship from Maqasid-al-Shariah perspective. Such point of view is crucial to justify the term in the Halal industry and differentiate from conventional entrepreneurs. On this context, this paper provides concept and definition of Halalpreneurship justifying from the perspective of Maqasid-al-Sharia’h. It also identifies the differences between Halalpreneurs and entrepreneurs using secondary resources available in the forms of literature, research papers, journal papers, articles, conference papers, online publications, etc. The findings of the study will clarify the concept of Halalpreneurship from Maqasid-al-Sharia’h perspective and recognize Halalpreneurs distinguished from conventional entrepreneurs.
format Conference or Workshop Item
author Abdullah, Moha Asri
Azam, Md Siddique
author_facet Abdullah, Moha Asri
Azam, Md Siddique
author_sort Abdullah, Moha Asri
title Halal entrepreneurship from Maqasid-al-sharia’h perspective: inseparable concept for Halalpreneurs
title_short Halal entrepreneurship from Maqasid-al-sharia’h perspective: inseparable concept for Halalpreneurs
title_full Halal entrepreneurship from Maqasid-al-sharia’h perspective: inseparable concept for Halalpreneurs
title_fullStr Halal entrepreneurship from Maqasid-al-sharia’h perspective: inseparable concept for Halalpreneurs
title_full_unstemmed Halal entrepreneurship from Maqasid-al-sharia’h perspective: inseparable concept for Halalpreneurs
title_sort halal entrepreneurship from maqasid-al-sharia’h perspective: inseparable concept for halalpreneurs
publishDate 2019
url http://irep.iium.edu.my/74266/1/Article%20on%20Halal%20Entrepreneurship%20from%20Maqasiq-al-Shari%27ah.pdf
http://irep.iium.edu.my/74266/6/74266_Halal%20entrepreneurship%20from%20maqasid-al-sharia%E2%80%99h_SCOPUS.pdf
http://irep.iium.edu.my/74266/7/74266_Halal%20entrepreneurship%20from%20maqasid-al-sharia%E2%80%99h.pdf
http://irep.iium.edu.my/74266/
https://globalhalalsphere2019.com/
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score 13.211869

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