Abstract
Muslim entrepreneurs are compelled by religious laws to abstain from engaging in certain economic and financing activities, such as those involving gambling, usury, and speculation. Western entrepreneurs may choose to forgo certain business opportunities due to religious or moral laws as well; however, these limitations are voluntary and are often less restrictive than those of Shari’ah laws. Religious limitations help to explain differences in entrepreneurial outcomes between Western and Islamic economies. However, direct comparison of the two systems using purely financial benchmarks is inappropriate. Islamic laws argue that the limitations imposed on Muslim entrepreneurs eliminate inherently immoral and unjust economic practices, and their prohibition increases the social value of the economy. Understanding the differences between the motivations of Western and Islamic entrepreneurs is important in determining their relative success.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
