A Measurement Model of Successful Muslim Entrepreneur

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.

Correlates of the Entrepreneurs’ Business Success in Ilocos Norte, Philippines

“…Gyimah et al (2020) suggested that SME business success can be measured by business growth and financial performance, while Lekovic and Maric (2015) noted that some entrepreneurs define success in terms of financial indicators, such as high return on investment and market share. Bahril et al (2021) identified three dimensions of business success indicators, which are business achievement or performance, financial performance, and non-financial performance. The study found a significant and positive relationship between the entrepreneurial intelligence quotient (EIQ) of the entrepreneurs and their business achievements (r=0.296) and non-financial achievements (r=0.194) at the 0.01 and 0.05 levels of significance, respectively.…”

A Measurement Model of Successfull Halal Industry

“…Realising the success of the halal industry is critical to contribute to the goals of sustainable development, particularly on poverty alleviation, zero hunger, responsible consumption, and better nutrition, especially in Muslim-majority countries and globally (Muhammad Ashfaq 2018). Moreover, in the long term, the success of the halal industry can lead to an increase in the number of Muslim entrepreneurs, which, in turn, will provide prosperity to countries with a majority Muslim population and a global community (Bahri, Ali, and Aslam 2021).…”

“…Therefore, the conceptual model remains structured based on the approach of Meredith (1993), namely description, explanation, and continuous testing. Some researchers have used this approach (Bahri et al 2021;Bonney and Jaber 2014;Kovács and Spens 2007). This is illustrated in the following standard research cycle.…”

Spiritual Entrepreneurship Values in Student Life Skill Learning of Islamic Boarding School

“…The business activities being carried out by the santri have been scheduled by the Islamic boarding school so as not to interfere with religious learning, which is the main focus of an Islamic boarding school curriculum. The santripreneur program is carried out according to the talents and interests of the students so that when they do business, they will feel fun because realizing the success of being Muslim entrepreneurs is essential and is an effort to contribute to the prosperity of the nation (Ali et al, 2021).…”