An Islamic Role in Entrepreneurship:
The role of Islam in entrepreneurship is based on the interlinkage between the textual sources and contextual setting. The primary sources are the Quran and Sunnah. For Muslims the Quran contains the words of God in 114 surahs (chapters) with over 6000 āyāt (verses; singular: āyah) gradually revealed over a period of 23 years around 600 AD. The Sunnah is the deeds, sayings and silent or tacit approvals of the prophet Muhammad (pbuh). Secondary sources and practices are Ijma’ (Consensus) and Qiyās (Analogy). Ijma’ is the unanimous agreement amongst a certain group of people like religious scholars or the entire Muslim community depending on the Madhhab, that is the specific school of jurisprudence. Qiyās is a form of analogical reasoning, somewhat contested amongst scholars. For some scholars, there exist potentially certain tertiary sources such as the value of public good.
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