strivingobserver98
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- Messages
- 6,832
- Reaction score
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- Gender
- Male
- Religion
- Islam
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.
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