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Islamic Entrepreneurship in the Light of Maqasid Al-Shari’ah: A Critical Review

Author

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  • Farida Mohammed Shehu
  • Al-Hasan Al-Aidaros

Abstract

The objectives of entrepreneurship in Islam are guided by the Maqasid Al-Shariah. However, there is a mismatch between Islamic entrepreneurship objectives and Maqasid Al-Shariah based on available literatures, which have not been critically investigated. This paper presents a critical review of the literature within the Islamic entrepreneurship objectives and Maqasid Al-Shariah framework. The exploratory study adopting content analysis to achieve its aim found that the existing literature covered both the Din and Mu’amalah based objectives of Islamic entrepreneurship. However, there is dearth of literature that integrates the connection between objectives of Islamic entrepreneurship and Maqasid Al-Shari’ah. It is therefore suggested that researchers should conduct more researches to examine the integration of Maqasid Al-Shariah in Islamic entrepreneurship, particularly in respect to decision making in handling entrepreneurship issues.

Suggested Citation

  • Farida Mohammed Shehu & Al-Hasan Al-Aidaros, 2015. "Islamic Entrepreneurship in the Light of Maqasid Al-Shari’ah: A Critical Review," Journal of Social and Development Sciences, AMH International, vol. 6(4), pages 6-14.
    • Handle: RePEc:rnd:arjsds:v:6:y:2015:i:4:p:6-14
    DOI: 10.22610/jsds.v6i4.854
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    References listed on IDEAS

    as
    1. M. Kabir Hassan & William J. Hippler, III, 2014. "Entrepreneurship and Islam: An Overview," Econ Journal Watch, Econ Journal Watch, vol. 11(2), pages 170-178, May.
    2. Rasem N. Kayed & M. Kabir Hassan, 2010. "Islamic Entrepreneurship: A Case Study Of Saudi Arabia," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 15(04), pages 379-413.
    3. Abdul Aziz, Ahmad Faizal, 2011. "Islamic Finance within Trading Framework: The Way to Legitimate Profit," MPRA Paper 47769, University Library of Munich, Germany.
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