Islamic Entrepreneurship VS Western Entrepreneurship

Entrepreneurial activities of both below:

Islamic Entrepreneurship

• Motivated by needs of society and desire to satisfy religious obligations.
• Engage in productive ventures involving the creation of real goods and services.
• Financed through interest free profit loss sharing.
• Speculation and excessive risk taking is prohibited.
• Shari'ah compliant.

Western Entrepreneurship

• Often motivated chiefly by individual utility (wealth) maximization.
• Often secular in nature.
• Altrustic goals often secondary.
• Debt and equity financing.
• Speculation and risk taking permitted.