Model of Islamic Social Entrepreneurship: A Study on Successful Muslim Social Entrepreneur in Malaysia

Abstract

Since research effort in the area is minimal, there is a clear need to examine the practice of Islamic social entrepreneurship among successful Muslim social entrepreneurs in Malaysia. One such practice is to organize charitable activities to benefit the community through the gains made from entrepreneurial activities that are based on social mission and vision. The research problem is lacking of model on Islamic social entrepreneurship. The main objective of this paper is to develop a Model of Islamic Social Entrepreneurship based on successful Muslim social entrepreneur in Malaysia. The research method used in this study is literature review, content analysis, and interview with 14 participants constituting nine successful Muslim social entrepreneurs and five experts with religious academic backgrounds participated in the study. The research finding shows that model of Islamic social entrepreneurship is the major contribution of the study which could serve as guidelines for successful Muslim social entrepreneurs, particularly young entrepreneurs.

Development of Edu-Kit Media for Entrepreneurship Learning based on Gamification Model Toward Disruptive Education

“…If it is associated with entrepreneurship, there is a branch of entrepreneurship that also leads to this competence, namely social entrepreneurship. Social Entrepreneurship is entrepreneurship that carries out business activities not only based on profit but also considering the social impacts it causes [34]. When viewed further, this also makes a significant contribution to supporting the welfare of the community, especially in the periphery [35]- [37].…”

Implementation of Web-Enhanced Course-Based Virtual Reality for Entrepreneurship Learning to Create Islamic Social Entrepreneur in The New Normal

“…IRCEB This learning model has been proven to increase student and teacher activity in the implementation location such as below: The existence of this Islamic Social Entrepreneurship Learning Model is very strategic and important to improve potential human resources in the future. It is related to the study of (Boulven et al, 2018) that shows the Islamic Social Entrepreneurship model in human resource development. However, it can be used as a forum to develop a business, especially from the results of student craft into a product that is profitable and desirable in the market.…”

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“…The concept of Islamic entrepreneurship, which has been mentioned in the Qur'an and Hadith, is part of social entrepreneurship research based on models and theories (Boulven et al, 2018). Social entrepreneurs run businesses as legal entities under the Ministry of Trade, focusing on generating profits and influencing society.…”