Exploring the Islamic Value-Based Entrepreneurship in Malaysia

Abstract

This paper attempts to draw the attention of researchers about Islamic Entrepreneurship, a dimension out of focus for at least two decades. Extensive work on literature search found that there is scarcity evidence on intellectual and scholastic research done on Islamic Entrepreneurship. Albeit this study never claims as the most comprehensive work in this area, at least it fills the vacuum of two decades with the latest coverage on Islamic Entrepreneurship process and values without merely targeted on monetary profit. Working along that line, this study offers a discussion on the importance of Islamic Entrepreneurship based on the Islamic Value-Based Entrepreneurship (IVBE) model. This study reviews on several models of Islamic business perspective, Islamic civilization and entrepreneurship, individual ethics, and modern day of Quadruple Helix Innovation approach. Hence, this needs more study if we are to address the question of “Have we learned enough about Islamic entrepreneurial values?” and “Is there any model approach can be adapted?”