An Islamic perspective on entrepreneurial opportunity recognition

Farhana Sidek, Kathryn Pavlovich, Jenny Gibb

Research output: Contribution to journalArticle

2 Citations (Scopus)

Abstract

The rapid growth in entrepreneurial development in Malaysia, together with the strength of Islamic principles adopted by Muslims, provides us with a somewhat unique context to investigate: How do Islamic principles shape the sourcing of entrepreneurial opportunities? To explore this question, we conducted semi-structured interviews with 15 Muslim entrepreneurs located in Kuala Lumpur. Our study highlighted Shariah compliance and the realisation of Tawhid as important factors influencing Muslim entrepreneurial opportunity recognition. More specifically we identified five Islamic spiritual principles that drove the opportunity discovery and opportunity creation processes through missing products or services in the marketplace and dissatisfaction with the current situation, respectively.

Original languageEnglish
Pages (from-to)395-413
Number of pages19
JournalInternational Journal of Entrepreneurship and Small Business
Volume25
Issue number4
DOIs
Publication statusPublished - 2015

Fingerprint

Muslims
Entrepreneurial opportunity
Opportunity recognition
Entrepreneurs
Entrepreneurship development
Dissatisfaction
Malaysia
Sourcing
Influencing factors
Structured interview

Keywords

  • Entrepreneurship
  • Islam
  • Opportunity recognition
  • Qualitative research
  • Spirituality

ASJC Scopus subject areas

  • Business and International Management
  • Economics and Econometrics

Cite this

An Islamic perspective on entrepreneurial opportunity recognition. / Sidek, Farhana; Pavlovich, Kathryn; Gibb, Jenny.

In: International Journal of Entrepreneurship and Small Business, Vol. 25, No. 4, 2015, p. 395-413.

Research output: Contribution to journalArticle

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