"Entrepreneurship is an opportunity to be amazing" Muhamad Yazdi

Monday, September 19, 2011

Islamic Entrepreneurs and knowledge

Being an Islamic Entrepreneur (IE) does not mean leaving everything for Allah to decide. That is a weak position/perspective of what an IE is all about. Muslims must decide for their own, choosing their path, and choose the right path. Allah, who knows better, guide you along the way.

But my point here is, without sounding too spiritual, is that an entrepreneur must be proactive and in order to make the right decision. And in order to make the right decision, he must learn as much as he can about the workings of the capital world.

No doubt that some that he learnt is prohibited from him (interest, gambling, punting etc); but these elements may be applied against him. Hence it is paramount that he know these devils so that he can deal with them effectively. Feigning and living in ignorance of these elements would only be to his detriment.

An IE must have the knowledge and skills at par, if not better, with the others playing on the corporate field. Management, branding, corporate finance, motivation, nlp and a host of other modern know-how must be mastered, applied wherever and whenever possible. An IE must be razor sharp, equipped with cutting edge tools.

To me, the thirst and never-ending quest for knowledge is one of the essential attributes of an Islamic Entrepreneur.

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