Abstract
Approximately 1.4 billion of the world's population lives on less than USD 1 per day, and since 50% of the poorest people are in Muslim countries, the solution is to increase successful Muslim entrepreneurs. Hence, this study aims to create a conceptual model through a literature review and descriptive-qualitative approach. These were employed to determine the indicators of successful Muslim entrepreneurs and the expected factors required to provide a positive and significant effect. Meanwhile, four factors and indicators, each considered to influence successful Muslim entrepreneurs, were identified. Subsequently, the results obtained were conceptual papers and hypotheses that required testing to ensure correctness. It was also used to produce new constructs validated for the individuals and communities of Muslim entrepreneurs. Therefore, this conceptual model is hoped to motivate new, future research and has also been enhanced as a pioneer that has attempted to construct a model for successful Muslim entrepreneurs. Finally, a conceptual model was created, which is the initial contribution to solving poverty among the Muslim population in the world.
Highlights
A recent article by Kareem et al (2020) showed that around 1.4 billion people in the world lived on less than USD 1 per day
Indonesia had the largest proportion of the Muslim population, reaching 87%, with 28.1% of people living below the national poverty line in 2015-2017 (Abdel Mohsin, 2020)
Frinces (2010) argued that this ratio illustrates that people's purchasing power and proportion of Indonesian entrepreneurs above 2% will become the principal capital in the country's prosperity
Summary
A recent article by Kareem et al (2020) showed that around 1.4 billion people in the world lived on less than USD 1 per day. The study stated that 600 million people worldwide lived in extreme poverty, including hunger, inaccessible health care, and housing. Of this number, 50% were in Muslim countries, and on estimation, every one in five of this percentage was Muslim. While Rana et al (2020) discovered poverty to be relatively higher than in non-Muslim countries. This was reinforced by previous research by Mohsin (2015), who stated that statistical data in 2009 depicted most of the population living in poverty in Muslim countries. Abdel Mohsin (2020) presented the latest data on widespread poverty in Muslim countries obtained from the World Bank and the CIA, as presented below
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