The significance of entrepreneurship from the perspective of Islam

Abstract

The objectives of this paper are as follow: to study the background of entrepreneurship in Malaysia in general, the significance of entrepreneurship in the country’s economy as we progress towards the year 2020 and its importance from the Islamic perspective. This paper depends wholly on content analysis as research methodology. The findings show that entrepreneurship is overwhelmingly encouraged by the Qur’an, the tradition of the Prophet Muhammad, the athar of the companions of the Prophet. The status of the entrepreneurship is equivalent to hajj, as the primal occupation of the prophet Muhammad and the companions, the source of wealth. Finally this paper suggests that entrepreneurship should be continually promoted as the main chacteristic of Vision 2020.