Master of Science in Islamic Banking & Finance
Department of Finance
Faculty of Business Administration (FBA)
Date of Award
Dr. Imran Khan, Assistant Professor, Department of Computer Science & Center for Entrepreneurial Development, Institute of Business Administration, Karachi
MS IBF Research Project
This study aims to analyse the impact of characteristics of Islamic entrepreneurship on the success of startups in Pakistan. The variable characteristics of Islamic entrepreneurship are identified as maintaining work-life balance, consultation with seniors, consultation with Allah Pak (Istikhara), relevant education, required knowledge of the business, work experience, initial source of funding, interest based borrowing, always pray, pay zakat and Sadaqahs.
The study method uses examining surveys through questionnaires and interviews. Sixty start-up businesses in Pakistan were selected as a sample for this study. They have been surveyed as case study to find out if their start-up business is successful or not from Islamic perspective and impact of faith based values on their success and failure. The concept of success and failure was also differentiated from Islamic perspective and secular perspective.
This paper also aims to describe the reasons of failures of most start-up businesses by the young entrepreneurs and the business ethics and characteristics of Entrepreneurship in the light of Qur’anic verses and the Ahaadeeth Mubaarakah of Prophet Muhammad’s (S.A.W).
The Data Analysis was performed using Tableau for the results and key findings of this study. The results showed that the characteristics of Islamic entrepreneurship collectively impacted on the success of start-up businesses significantly. This finding implied that for the success of start-up from Islamic perspective, entrepreneurs must have all these characteristics.
The theoretical and conceptual implications of this study are expected to be an input for educational institutes for developing Islamic Entrepreneurship programs. The practical implications of this study will help fresh graduates and young entrepreneurs to start businesses successfully by following the characteristics of Islamic Entrepreneurship as laid down in Qur’an and Sunnah.
Saad, H. M. (2017). Impact of characteristics of Islamic entrepreneurship on the success of startups in Pakistan (Unpublished Graduate research project). Institute of Business Administration, Pakistan. Retrieved from https://ir.iba.edu.pk/etd-ms-ibf/3