islamic entrepreneurship: the concept, definition and practical implications

Islamic Entrepreneurship [PhD Project] - The Concept, Definition and Practical Implications. Supervisors: Dr Muhammad Azam Roomi and Dr Stephanie Hussels Application Details: The PhD candidate should hold a minimum 2.1 class undergraduate degree in business and management, sociology, psychology, social psychology, anthropology or related discipline and have passed, or expect to have passed by autumn, a Master’s degree or equivalent research experience in a work setting. See http://bit.ly/154nhb7 for English language requirements. Funding Details: Funding may be available on a competitive basis through the Cranfield School of Management studentship scheme: http://bit.ly/1BgS94p Deadline: Expressions of interest alongside a CV are invited via email [email protected] and [email protected] by mid-April for bursary applications. References: See http://bit.ly/1DyMEOi Over the past few years, scholars have started looking into the impact of religion on different aspects of modern business practices such as: •Work and ethics (Gundolf and Filser, 2013) •Marketing best practices (Temporal, 2011; Rinallo et al., 2013) •Entrepreneurial performance (Neubert, 2013). In his recent work around Islam and Entrepreneurship at the University of Oxford, Guemuesay (2014) coined the term ‘Entrepreneurship from an Islamic Perspective (EIP)’. The concept is “based on three interconnected pillars: entrepreneurial, socio-economic/ethical and religio-spiritual” (Guemuesay, 2014: 1). The research highlights the work of other authors (Adas, 2006; Basu and Altinay, 2002; Kayed and Hassan, 2010; Roomi and Harrison, 2010; Roomi, 2013) looking at how Islam shapes entrepreneurship at different levels of the economy whilst encouraging and enabling entrepreneurial activities. The authors in the field have investigated the Islamic ethical approach of doing business from two perspectives: first, the institutional approach – emphasising upon the need for Islamic financial and banking institutions; and second, the individual approach – for entrepreneurs to “adhere to Islamic, ethical values while conducting everyday business activities” (Kayed and Hassan, 2010: 403). However, no study has been conducted so far, to map out different aspects of entrepreneurship (characteristics, skills and practices) with Islamic teachings (Quran and Sunnah) or to determine the relationship between entrepreneurial success and practising of Islamic principles. This project aims to fill this gap. We are currently seeking a strong PhD candidate to engage in a study to determine the relationship between entrepreneurial success and practising of Islamic principles. “Beautiful of #Madinah in the early morning #4" by Adhi Rachdian is licensed under CC BY 2.0 www.cranfield.ac.uk/som/phd

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Page 1: Islamic Entrepreneurship: The Concept, Definition and Practical Implications

Islamic Entrepreneurship [PhD Project] - The Concept, Definition and Practical Implications.

Supervisors: Dr Muhammad Azam Roomi and Dr Stephanie Hussels

Application Details: The PhD candidate should hold a minimum 2.1 class undergraduate degree in business and management, sociology, psychology, social psychology, anthropology or related discipline and have passed, or expect to have passed by autumn, a Master’s degree or equivalent research experience in a work setting. See http://bit.ly/154nhb7 for English language requirements.

Funding Details: Funding may be available on a competitive basis through the Cranfield School of Management studentship scheme: http://bit.ly/1BgS94p

Deadline: Expressions of interest alongside a CV are invited via email [email protected] and [email protected] by mid-April for bursary applications.

References: See http://bit.ly/1DyMEOi

Over the past few years, scholars have started looking into the impact of religion on different aspects of modern business practices such as: •Work and ethics (Gundolf and Filser, 2013) •Marketing best practices (Temporal, 2011; Rinallo et al., 2013) •Entrepreneurial performance (Neubert, 2013).

In his recent work around Islam and Entrepreneurship at the University of Oxford, Guemuesay (2014) coined the term ‘Entrepreneurship from an Islamic Perspective (EIP)’. The concept is “based on three interconnected pillars: entrepreneurial, socio-economic/ethical and religio-spiritual” (Guemuesay, 2014: 1). The research highlights the work of other authors (Adas, 2006; Basu and Altinay, 2002; Kayed and Hassan, 2010; Roomi and Harrison, 2010; Roomi, 2013) looking at how Islam shapes entrepreneurship at different levels of the economy whilst encouraging and enabling entrepreneurial activities.

The authors in the field have investigated the Islamic ethical approach of doing business from two perspectives: first, the institutional approach – emphasising upon the need for Islamic financial and banking institutions; and second, the individual approach – for entrepreneurs to “adhere to Islamic, ethical values while conducting everyday business activities” (Kayed and Hassan, 2010: 403). However, no study has been conducted so far, to map out different aspects of entrepreneurship (characteristics, skills and practices) with Islamic teachings (Quran and Sunnah) or to determine the relationship between entrepreneurial success and practising of Islamic principles. This project aims to fill this gap.

We are currently seeking a strong PhD candidate to engage in a study to determine the relationship between entrepreneurial success and practising of Islamic principles.

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