Understanding halalpreneurship: concept and essentiality

Abdullah, Moha Asri (2020) Understanding halalpreneurship: concept and essentiality. In: Lecturer Discussion Forum, 23 Oct 2020, Zoom Cloud Meeting ( Online Platform ). (Unpublished)

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Abstract

There is great interest in entrepreneurship globally as well as in Malaysia. Over the past few years, many individuals, as well as families, are actively engaged with the small business. Also, in light of the 2013 GEM study, 12.7% of Americans are effectively occupied with beginning a business or are the proprietor/director of a business that is under three years of age. Simultaneously, the Halal industry, that represents the global Islamic economy, is the fastest growing market in the world with $2.3 trillion market value. Halal entrepreneurs (Halalpreneurs) are the major contributors to this achievement as they constitute a significant portion of the total establishment in most of the Muslim countries. That is the reason Entrepreneurship has turned into a conventional term that depicts a wide range of practices that include being innovative, devilish and tricky. Entrepreneurship has been defined by many scholars, researchers, industry players, and academicians globally which has also been perceived in the same way by most of the economies around the world. However, the Islamic economy looks at the concept of ‘entrepreneurship’ in a different way and perceives it as ‘Halalpreneurship’. To define entrepreneurship in the Halal industry, although, the term ‘Halalpreneurship’ is being used, surprisingly the term has not been defined properly yet. It is essential for the Muslim entrepreneurs to have a proper understanding of Halalpreneurship from Maqasid-al-Shariah perspective. Such point of view is crucial to justify the term in the Halal industry and differentiate from conventional entrepreneurs.

Item Type:	Conference or Workshop Item (Plenary Papers)
Additional Information:	5010/84028
Uncontrolled Keywords:	Halal, Halalpreneurs, Halalpreneurship
Subjects:	H Social Sciences > HF Commerce > HF5001 Business. Business Administration
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences > Department of Economics
Depositing User:	Prof. Dr. Moha Asri Abdullah
Date Deposited:	04 Nov 2020 10:16
Last Modified:	04 Nov 2020 10:16
URI:	http://irep.iium.edu.my/id/eprint/84028

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