This report discusses entrepreneurship in Islamic economics. It outlines the objectives of developing an Islamic economic system based on sharia principles like prohibiting interest and risk. The report explains the role of entrepreneurs in creating jobs, wealth and improving living standards. It describes the characteristics of Muslim entrepreneurs, who should conduct business ethically and for the sake of worship, not just profit. The conclusion states that developing entrepreneurship according to Islamic rules could help strengthen the country's economy by increasing growth and changing society for the better.

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REPORT ON ISLAMIC ECOMIC IN FINANCE
“ENTERPENEURSHIP IN ISLAMIC ECONOMIC”
SUBMITTED BY:
 Umair khan
 Master of Business Administration
 MBA – 1.5 Year
 Mobile No. 0332-2375948
 Email. Umair.khan418@hotmail.com
 Karachi University Business School, University of Karachi
 Report Submission: 05/DEC/2018
SUBMITTED TO:
 SIR: SIR FARRUKH
 COURSE: ISLAMIC ECONOMIC AND FINANCE
 ASSIGNMENT - I

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Table of Contents
1) OBJECTIVE OF REPORT
2) OVERVIEW OF ISLAMIC ECONOMIC:
3) ROLE OF ENTERPRENEURSIP:
4) ENTERPRENEURSIP IN ISLAM:
5) CHARACTERIRSTICS OF MUSLIM ENTERPRENUER:
6) CONCLUSION:
7) REFERENCES

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1. OBJECTIVE OF REPORT:
Over the last few decades Muslim has been trying to restructure their
economic system and improve their livings standard on Islamic principles.
The objective of this report is not a special this report based is highlighted
only Entrepreneurship is a not a Capital in country economy if Entrepreneur
follow shariah rules & regulations according to Islamic principles this is major
contribution in country economy such as promote Zakat System, Business
Promote, Riba free banking, minimum uncertainty, Islamic trading and
takaful etc Alternate., it directly reflects our living standard and operations of
government, or new started business and improvement our economic
environment. This betterment increases our GDP rate now this is only
possibility good entrepreneur having knowledge to Islamic principles, ability
and ideas to economic development. Hopefully this report helps entrepreneur
to all sector development and easily approaches of trading and gives
opportunity how to reduce unemployment and development business
philosophy etc
2. OVERVIEW OF ISLAMIC ECONOMIC:
In Islam, Prohibited Interest and allow Profits. (Quran: Allah Allow Business
in halal and Haram to RIBA). Now this is easily be define Islam promote
business (Tijarat). In Islamic economic also free from uncertainity and
Monopoly This valuable economic give permission of wealth management,
circulate the money, invest in trading, business etc this system contains halal
foods (Allow on shariah Basis), interest free transactions buying and selling
without uncertainty. Islam also filter major trading such as Haram Things
such as Alcohol, haram meet trading, Nijash, Pornography etc. this is easily
be define Islamic economic system.
3. ROLEOF ENTERPRENEURSIP:
Entrepreneurship is our national assets to motivate and greatest possibilities
in social life. Entrepreneur change the way of life and working, entrepreneur
brings ideas, innovation and changes etc in addition create wealth
management, jobs and improve our living standards etc.
Additionally, increased employment and higher earnings contribute to better
national income in the form of higher tax revenue and higher government
spending. This revenue can be used by the government to invest in other,
this cycle must be possible good entrepreneur to utilize the resources and
development country economic and do expect changes in society.

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4. ENTERPRENEURSIP IN ISLAM:
In Islam, Encourage business-Prophet (P.B.U.H) 9 out of 10 sources revenue
through business. Islam base on pillar such as ibadah, Zakat, Mamlaat and
constitutional Laws etc The Worship boundary not only for zakat, namaz,
Sadqa etc. Doing business on Islamic principle also involve in worship
(ibadah).Similarly Islam is a complete way of life there is no difference b/w
Religion and business. Entrepreneur Ethics based on Holy Prophet (P.B.U.H)
as define on Quran or Sunnah, Ahadees.
The basic Ethics of Islamic entrepreneur is defining as:
 To avoid malicious behavior
 To avoid squandering
 To avoid stinginess
 To avoid Interest, Najaish, Uncertainty etc
 Make Contract Islamic base and fully define
 Patience
 Tawakkal in Allah
 To pray consistency
 Inventory Control and measurement
 The Aims to Pay Zakat
 Equal opportunity to employ
 SOPs (Policies & Procedures) Make as per shariah
 Treat All People (employ) in company equally and ethically
5. CHARACTERIRSTICS OF MUSLIM ENTERPRENUER:
Islamic Entrepreneur should be operating only domain in Islam, Islam has
owned ownership. A Muslim entrepreneur performs business not only profit
but he has major responsibility to perform ibadah and search God Blessing’s
to all factors. Entrepreneur has desired to achieve successful business but in
Islamic entrepreneur achieving success for in unique. Success is not depend
only profit or at the end of result but only the way of achieving path them.
Muslim entrepreneur always happy for return such as positive or negative,
Hazrat Muhammad (P.B.U.H) Said. All Muslims have responsible to all Muslim
brother things such as (Life, Goods and reputation). It’s easily entrepreneur
not only working for business cycle but the whole life responsible to all
Muslim brothers. It’s simply Successful life define by Imam AL-Ghazali

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6. CONCLUSION:
After very closely observing Entrepreneurship in Islam now
expectation is define as:
“Our country continuously in growth process, Currently Economic
system Major Failure due to non-Islamic rules & regulations and
implementations. Muslim have tries to develop economic system for
last few decades and years as per shariah rules. We have lack of
Entrepreneur to contribute economy operation smoothly and fastly.
Now states take timely decision to the major issue and produce
Human Capital such as Entrepreneur. Further Good Entrepreneur
Efficiency reflects to the major changes in society and living
standards in many different ways and aspects changing the nation.”
7. REFERNCES:
https://www.slideshare.net/suhailiramli/islamic-entrepreneurship
https://www.investopedia.com/articles/personal-finance/101414/why-
entrepreneurs-are-important-economy.asp