Contracts, relationships and integration: towards a model of the procurement of complex performance

Michael Lewis, Jens K. Roehrich

International Journal of Procurement Management · 2009 · 101 citations · 72 references

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TL;DR

Islamic entrepreneurship and business is a growing area of study because the dynamic international business environment makes culture and religion key to developing business relationships, and the Islamic business context is an important driver of entrepreneurial activity. The study aims to examine Islam’s approach to entrepreneurship and business and to provide recommendations for future research and ways to address growing interest in this field. The authors review recent literature, drawing on Qur’an verses and Hadith, and focus on themes such as taqwa, halal and haram, knowledge and entrepreneurship, innovativeness and risk‑taking, proper resource use, financing, and Islamic ethics and social responsibility. The paper concludes with recommendations for further research and suggestions for addressing emerging interest in Islamic business entrepreneurship.

Abstract

Islamic entrepreneurship and business is a topic area of business management study due to the increasingly dynamic international business environment in which culture and religion are important to developing business relationships. The main objective of this paper is to see the approach of Islam as a religion towards entrepreneurship and business. Utilising recent and relevant literature on the topic, this paper is based on the Holy Qur'an verses and the Muhammad's (S.A.W) Hadith (teachings and traditions). In this paper the themes focused on include thee taqwa, halal and haram; knowledge and entrepreneurs; innovativeness and risk-taking, proper usage of resources, financing and Islamic perspectives on ethics and social responsibility. At the end of the paper we provide recommendations for further research and suggestions for how emerging interest in this topic area of business management study might be addressed. We also highlight how the context of Islamic business is an important driver of entrepreneurial activity.

References

72