Islamic finance: An entrepreneurial management perspective

Abstract

Increasing attention has been placed on the Islamic finance sector because of its entrepreneurial approach to money management. The aim of this chapter is to focus on the entrepreneurial management approaches to Islamic finance by looking at the global money market. The innovative financial management practices used by Islamic businesses are discussed in terms of religious entrepreneurship. The findings suggest that Islamic finance is more entrepreneurial than other cultural forms of money exchange. Suggestions for future research are stated that integrate an Islamic management approach to finance based practices.