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Islamic Entrepreneurship Application and Its Strategies: A Case Study of Bangladesh
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Author(s): Alfatih Gessan Pananjung (Bahrain Institute of Banking and Finance, Bahrain), Ammar Ibna Ala (University of Bangor, UK)and Ahmad Rafiki (Universitas Medan Area, Indonesia)
Copyright: 2023
Pages: 9
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.ch016
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Abstract
This study aims to explore various facets of entrepreneurship, particularly Islamic entrepreneurship, from a religious perspective, with a focus on its practice within the context of Bangladesh. In Bangladesh, diverse social enterprises, some profit-driven and rooted in Islamic principles like Zakat and Waqf, exemplify Islamic entrepreneurship. Examples include the Baitul Mukarram complex and the Islamic Bank Hospital, which generate income, promote Islamic culture, and address social needs. Social Islamic Bank Ltd. employs Cash Waqf, while organizations like Muslim Aid Bangladesh focus on economic empowerment. These approaches showcase the blend of profit motives, social impact, and religious values in Bangladeshi Islamic entrepreneurship.
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