A MODEL OF ISLAMIC ENTREPRENEURSHIP FOR THE UNEMPLOYED SKILLED INDIVIDUALS IN THE CONTEXT OF EARNING STRATEGY: EVIDENCE FROM ISLAMIC LITERATURE
Keywords:
Islamic Entrepreneurship, Unemployed Skilled Individuals, Earning Strategy, Evidence, Islamic LiteratureAbstract
This study and the allied components bred from the fact that a real Islamic model of entrepreneurship carried out in many Islamic countries brought real changes in the lives of individuals. One such study was by Machmud and Hidayat (2020). The study was titled Characteristics of Islamic Entrepreneurship and the Business Success of SMEs in Indonesia. The present proposed model in the study reflects the Quranic reference, Ahadees, and the Islamic literature based on the model of halal earnings as an independent and free source rather than a theoretical framework only. Various sources are present in the Holy Quran as quoted by the prophet Muhammad and the messengers of Allah. Another piece of evidence is bred from the study titled Islamic Entrepreneurship and Management: Culture, Religion, and Society. The present study reviewed various pieces of evidence from the literature and the Ahadees of the Holy Prophet (P.B.U.H). Quranic references were quoted to aid the concept and theory of Islamic entrepreneurship. The conceptual framework and the resulting output from the selected unemployed skilled sample of n=17 individuals revealed the fact that the Islamic system of entrepreneurship is more effective in terms of halal earning strategies and economic sustainability.
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