1. Islamic Entrepreneurship Model
Department of Sharia Entrepreneurship JMME
Faculty of Economics and Business
Gadjah Mada University
Islam Propagates
(Business Venture)
Allah Prepared
(Facilities)
EXAMPLE
EXAMPLE
Islam Provides
(Guidelines & Procedures)
Allah Promised
(Rewards)

2. Pendahuluan
Dengan kesadaran dan keinsyafan yang sepenuh-penuhnya, bahwa tiap-tiap manusia terhinggapi oleh salah dan keliru kurang dan cela, maka kami mengharapkan kepada sekalian pengguna yang arif-budiman. Jika tampak ada kekeliruan atau kesalahan di dalam wadah ini, sudi kiranya dengan segera “lillah” suka menyampaikannya kepada kami dengan keterangan dan penerangan yang cukup, kuat dan sah.
Harapan dan doa dari pada kami, mudah-mudahan tanda-bakti kami kepada Allah Azza wa Djalla” yang berupa wadah keilmuan sekecil ini, dapatlah menjadi bantuan tambahannya ‘Ilmu dan ‘amal salih yang sempurna.
Aamiin

3. Definition of an Entrepreneur
“An entrepreneur is a person who undertakes to do a job”. The term entrepreneur originated from a French word “entreprendre” was first coined by Richard Cantillon (1755).
In Indonesia, the term “wiraswasta” is used to mean entrepreneur.
Entrepreneurship involves not only the process that leads to the setting-up of a business entity but also the expansion and development of an going concern.
The study of entrepreneurship is concerned with the entrepreneurial behavior, the dynamics of business set-up and expansion or development of an entrepreneurial organization.

4. Islamic Entrepreneurship
Discussion on Islamic entrepreneurship is based on the following main topics:
Integration
Human nature
Motivation
Islamic business and entrepreneurs
Islamic economic system
Guidelines
Exemplary conducts

5. The Concept of Integration
Islam is a complete way of life. There is no separation between business and religion.
Islamic entrepreneurship is part of the way of life.
Muslims are encouraged to get involve in business activities. (9/10 rezeki adalah dalam perniagaan – Hadis Nabi)

6. Human Nature
It is part of human nature to follow the teachings of their religion.
In Islam, Muslims are required to fulfil two important duties, “ibadah” and “khalifah”.
In Islamic entrepreneurship, Muslims are able to perform both duties.
Maximizing profit is not the ultimate aim of Muslim entrepreneurs.
“Islamic Man” versus “Economic Man”

7. Motivation
Following the sunnah of ambiya and the companion of Rasulullah saw.
Islamic entrepreneurship leads to the path of success both in this world and the hereafter.
Success in Islam is not measured by the end result but also the means and ways of achieving them.

8. Possession of Wealth
In Islam, possession of wealth is allowed based on the following principles:
Allah s.w.t. is the absolute owner of wealth
Allah s.w.t. has created wealth in abundance (melimpah ruah) and sufficient (mencukupi) for all
Allah s.w.t. has created wealth for mankind
Wealth is entrusted to mankind

9. Entrepreneurship as Ibadah
Muslim entrepreneurs involvement in business is to fulfill an obligation known as “fardhu kifayah”
Fardhu kifayah~ Unless and until there is an entrepreneur in a community, the entire community is deemed to be sinful.
Muslim entrepreneurs bear the responsibility to provide goods and services primarily to the Muslim community and to others

10. Islamic Economic System
Islamic entrepreneurship is part of the framework of the Islamic Economic System.
Islamic economic system involves:
Islamic banking
Islamic insurance (takaful)
Islamic capital markets
Islamic economic system is based on Islamic jurisprudence.

11. Guidelines and Procedures
Islam has provided an extensive guidelines for Islamic entrepreneurship activities.
Among others:
The principle of buying and selling
The permissible types of business
The principle of “zakat” in business
Business ethics

12. Entrepreneurial Ethics
Prevent laziness
Eradicate fear/shyness
Search for legitimate ventures
Avoid unlawful sources of income
Show gratitude and thankfulness
Grow and develop wealth
Diversify business ventures
Avoid greediness

13. Entrepreneurial Ethics
Avoid malicious behavior
Avoid squandering (Hindari membazir)
Avoid stinginess
Pay zakat and alms (sedekah)
Be trustworthy
Pray consistently
Tawakkal
Patience
Qanaah

14. Recommended Read
Forbes
Bisnis Indonesia
The Edge
Financial Times

15. Recommended Movie The Apprentice http://www.nbc.com/the-apprentice/
The Firm
Scr : Wan Nurhamizah Wan Zakaria, Theories & Concepts of Entrepreneurship

16. Continue…