Islamic Entrepreneurship Among Asnaf Individuals in Malaysia

This study examines the implementation of Al-Qawiyy (strength) and Al-Amin (trustworthiness) principles in Islamic entrepreneurship among asnaf individuals in Selangor, Wilayah Persekutuan Kuala Lumpur and Terengganu, Malaysia. This research examines the challenges and determinants of success in compliance with Islamic principles and Maqasid Shariah by interviewing nine (9) asnaf entrepreneurs, three (3) zakat officers, three (3) business advisors from Islamic institutions including Lembaga Zakat Selangor, Baitulmal Majlis Agama Islam Wilayah Persekutuan and Majlis Agama Islam dan Adat Melayu Terengganu, as well as one (1) zakat expert. The themes associated with Al-Qawiyy encompass discipline, entrepreneurial spirit, knowledge and support, highlighting qualities such as determination, invention, competence and assistance in entrepreneurial pursuits. The themes examined in Al-Amin include honesty, iman perspective, integrity issues, thankfulness and time management. These themes emphasise the importance of integrity, faith-based viewpoints, appreciation and efficient allocation of resources. Future research on asnaf entrepreneurship should consider the study’s sample limits and potential biases and should further examine the influence of technology, mentorship, geographical variances, environmental sustainability and legislative changes. This study provides practical insights into the implementation of Al-Qawiyy Al-Amin principles among asnaf businesses in Malaysia, serving as a basis for further investigation and advancement of Islamic business practices.