Philosophical Basis of Entrepreneurship Principles Within an Islamic Ethical Framework

Abstract

The attitudes and values of a society play a significant role in entrepreneurship development as they influence and shape the environment within which entrepreneurial activity takes place. In this article the authors focus on the philosophical basis of entrepreneurship principles within an Islamic framework. The authors highlight, in particular, the role of Islamic-based moral and ethical values underpinning the entrepreneurial process from a point of view of the behavioral dimensions of entrepreneurship, enterprise management and marketing, capital and fund raising, and resource utilization.