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Harnessing Islamic Entrepreneurship for the Belt and Road Initiative: Opportunities, Challenges, and Future Directions
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Author(s): Mohamad Zreik (Independent Researcher, Lebanon)
Copyright: 2023
Pages: 17
Source title:
Strategies and Applications of Islamic Entrepreneurship
Source Author(s)/Editor(s): Ahmad Rafiki (Universitas Medan Area, Indonesia), Alfatih Gessan Pananjung (Bahrain Institute of Banking and Finance, Bahrain)and Muhammad Dharma Tuah Putra Nasution (Universitas Pembangunan Panca Budi, Indonesia)
DOI: 10.4018/978-1-6684-7519-5.ch008
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Abstract
This chapter delves at how Islamic business practices and the belt and road initiative (BRI) can complement one another. It evaluates the potential synergy between Islamic business principles and the sustainability aims of the BRI. As the BRI expands into nations with a mainly Muslim population, it will create new markets, halal industries, and Islamic internet platforms. The chapter also talks about how Islamic financing might help support BRI projects, creating a more equitable economic system overall. The difficulties of adapting digital processes to Sharia law in various markets are discussed. The chapter concludes with suggestions for where future research may go to help BRI's stakeholders better tap into Islamic entrepreneurship and tap into the transformative force that it has for global economic policies.
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