Faith-Based Entrepreneurship as Ultra-Religious Entrepreneurship in Africa: Definition, Essence, Strands, Theoretical Underpinning, and Theological Foundation
Lukman Raimi and
Basirat Olaide Raimi
Additional contact information
Basirat Olaide Raimi: Roxbourg Institute of Social Entrepreneurship
Chapter Chapter 11 in Exploring Entrepreneurship, 2024, pp 251-279 from Springer
Abstract:
Abstract Faith-based entrepreneurship has recently emerged as an ultra-religious alternative to conventional entrepreneurship. It is the fusion of two powerful forces: faithFaith and entrepreneurshipEntrepreneurship, with the intent to create value, transform lives, provide goods and services, and create jobs for people, thereby promoting prosperity for communities and nations. Faith-based entrepreneurship is not limited to a particular faith or religion; however, this chapter focuses primarily on entrepreneurship based on the Islamic faith, which is both advanced and often misunderstood. This chapter aims to expand knowledge by discussing faith-based entrepreneurship including its definition, nature, strands, theoretical underpinnings, and theological foundation. To achieve this, we conducted a critical literature review (CLR) of academic articles and texts on faith-based entrepreneurship to answer three general research questions. Through our analysis of the selected academic papers, we provide valuable insights into the definition of faith-based entrepreneurshipFaith-based entrepreneurship and its three areas: Islamic entrepreneurshipIslamic entrepreneurship, Halal entrepreneurship, and the Islamic digital economy. In addition, we explore the essence of this ultra-religious concept, its strands, theoretical foundations, and theological foundations. Additionally, we address several misconceptions (mainstream and theological) that both Muslims and non-Muslims have about the two strands of faith-based entrepreneurship. Finally, the chapter concludes with far-reaching suggestions on how to counteract these misconceptions about faith-based entrepreneurship on a global scale, including in the African context.
Keywords: Faith-Based entrepreneurship; Theology; Theory; Ultra-religious alternative (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-56343-0_11
Ordering information: This item can be ordered from
http://www.springer.com/9783031563430
DOI: 10.1007/978-3-031-56343-0_11
Access Statistics for this chapter
More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().