THE DEVELOPMENT OF MUSLIMPRENEURSHIP MODEL IN INDONESIA

Muslimpreneur concept has gained increasing research attention in recent years. Although most of researchers agree the important role of innovation in the process of creating new business entity, only few researches have been done to embed the muslimpreneur model into the innovation process. Additio...

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Bibliographic Details
Published inICSB World Conference Proceedings pp. 1 - 10
Main Authors Nurlatifah, Hanny, Syahriar, Ary, Lubis, Ahmad H, Parwati, Niken
Format Conference Proceeding
LanguageEnglish
Published Washington International Council for Small Business (ICSB) 01.01.2019
Subjects
Content analysis
Cooperation
Economic development
Economic growth
Entrepreneurs
Entrepreneurship
Focus groups
Innovations
Islam
Muslims
Personality
Religion
Small & medium sized enterprises-SME
Spirituality
Studies
Values
Indonesia
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Summary:Muslimpreneur concept has gained increasing research attention in recent years. Although most of researchers agree the important role of innovation in the process of creating new business entity, only few researches have been done to embed the muslimpreneur model into the innovation process. Additionally, there have been lack of studies on muslimpreneurship conducted in the case of adopting the new platform strategy related to era of industry 4.0. Due to above circumstances, this paper will be focused on how to build the muslimpreneur model as an innovation-based platform during entrepreneurial process. For this purpose, two approaches were used in this study. Firstly, the study discusses the muslimpreneur model based on literature study and content analysis. Secondly, stage of elaborating the model with Indonesia business owners' perspectives and how possibilities of implementing the model by showing related examples and best practices. This study represents early efforts to develop innovation platform framework based on muslimpreneur philosophy. This early effort shows that Muslimpreneur model agrees well with the business practice in most of entrepreneurial activities experienced by Indonesian Muslim enterpreneurs. However the approach is not fully adopted since most of the Indonesian business actors do not grasp the philosophical method offered by Muslimpreneur concept as well as lack of knowledge in Islamic Business etiquette.