The world is facing with grave catastrophes because of critical problems in environments and human degeneration. The economists and academicians are proposing Green Economic to address the issue of environmental problems. Islamic Economic addressing both the issues of environmental and human problems, and thus the it is the best alternative than Green Economics. Islamic Entrepreneurs have the important roles to save the world from these grave catastrophes, fulfilling the objectives of Islam [Maqasid Al Shariah] which include [1] Protection of Religion [2] Protection of Human Life [3] Protection of Human Intellect [4] Protection of Human Offspring , and lastly [5] Protection of Wealth and Resources. It is also proposed that Muslim Economic Community [MEC] similar to that of European Economic Community [EEC] to be established beginning with Malay Nations namely Brunei, Indonesia, Indonesia and perhaps Turkey. This economic cooperation could be develop to Muslim Union [ Muslims Union ] a Union of Muslim Nations. The Universities particularly Islamic Universities should play the important role of developing future Islamic Leaders and Islamic Entrepreneurs with knowledge and skills in the fields of Islamic Management as well as the whole spectrum of Islamic Economic activities.

1. ISLAMIC ENTREPRENEURSHIP,
THE FUTURE OF MUSLIM ECONOMIC COMMUNITY &
THE ROLE OF UNIVERSITIES
BY SHAYA’AOTHMAN
SENIOR ACADEMIC FELLOW
INTERNATIONAL INSTITUTE OF ISLAMIC THOUGHT USA
KUALA LUMPUR REGIONAL OFFICE, FOR EAST AND SOUTH EAST ASIA

2. GLOBAL CATASTROPHES
KEHANCURAN DUNIA
• ENVIRONMENTAL CASTTASTROPHE
KEHANCURAN ALAM SEKITAR
• HUMAN CATTASTROPHE
KEHANCURAN MANUSIA
PART 1

3. THE WORLD NEEDS ALTERNATIVE SYSTEM TO SAVE THE WORLD
FROM GRAVE CASTRATROPES

7. In the sight of Allah Islam is
the only religion [way of life
accepted by Allah] [Quran
Al Imran 3:19].
ISLAM IS THE ONLY SOLUTION TO SAVE
THE WORLD FROM GRAVE CASTRATROPHE
On this day I have perfected your
religion [way of life], completed
my favour, and chosen slam as
your religion [way of life [Quran
Al Ma’idah 5:3]
SECULAR ECONOMIC
ACTIVITIES FAILED TO PLAY
THE ROLES TO SAVE THE
WORLD FROM GRAVE
CATASTROPHE

8. The Holy Quran is the Book of Wisdom [ i.e. full of laws. Evidences. Proofs
and guidance for humanity [Quran Surah Ya Seen 36 : 2]
PRIMARY SOURCE OF SHARIAH:
QURAN & SUNNAH

9. SOLUTION
TO GLOBAL CATASTROPHES
PENYELESAIAN
KEPADA KEHANCURAN DUNIA
•GREEN ECONOMICS
EKONOMI HIJAU
•ISLAMIC ECONOMICS
EKONOMI ISLAM
ISLAMIC ENTERPRENUSHIP
PART 2

10. Green
Entrepreneurship
Green
Entrepreneur
GREEN
ECONOMICS
Sloman [1991] listed number of
environmental problems that
resulted in the establishment of
several pressure groups such as
Friends of the Earth and
Greenpeace advocating Green
Economics to address the
following environmental issues
1.Acid Rain
2.The Green House Effect -
Climate Change
3.Depletion of Ozone Layer -
harm fulultra-violate radiation
from the sun that causes skin
cancer
4.Nuclear Radiation
5.Land and Water Pollution

11. “Berle’s (1991) definition is short, quite poetic,
morally focused and maybe quite accurate:
“Green entrepreneurship is taking
responsibility to create the world
we dream of.”
“The first attempts to define the green
entrepreneur and describe his/her
characteristics are in the 1990s. Hall
(2013) mentions that the term “green
entrepreneurship” appeared for the
first time in the book “The Green
Entrepreneur: Business Opportunities
That Can Save the Earth and Make
You Money” by Gustav Berle (1991).”

12. Green Entrepreneurship
is the activity of consciously addressing an
environmental/social problem/need through the
realization of entrepreneurial ideas with a high
level of risk, which has a net positive effect on
the natural environment and at the same time is
financially sustainable.”
Green Entrepreneur
is someone who starts and runs an
entrepreneurial venture that is designed to be
green in its products and processes from the
very moment it is set up.”

13. Islamic
Entrepreneurship
Islamic
Entrepreneur
ISLAMIC
ECONOMICS
Prophet Muhammad [peace upon
him] the Messenger of Allah] 1438
years age received commandment
from Allah as written in the Holy
Book Al Quran and being practiced
by himself [Sunnah] as guide to all
mankind in all aspect of life
including Economic Activities. in
this world. The Ultimate
Objectives [ Maqasid al Shariah ]
of Islam to include the following:
1.Protection of Religion
2.Protection of Life
3.Protection of Intellect
4.Protection of Offspring
5.Protection of Resources

14. ISLAM or SHARIAH and OBJECTIVES OF
ISLAM and OBJECTIVES OF ISLAM ?

15. MAQASID AL SHARIAH
[OBJECTIVES OF ISLAM]
THESE
OBJECTVES OF
ISLAM
COVERING ALL
ASPECTS OF
HUMAN
ACTIVITIES
INCLUDING
ECONOMIC
ACTIVITIES IN
THIS WORLD

16. Is the business activity of
addressing to protect the
world from environmental and
human catastrophes through
the realization of
entrepreneurial ideas, which is
financially sustainable. with the
obligation of fulfilling the
Ultimate Objectives of Islam
[Maqasid Al Shariah] which
include:
1.Protection of Religion
2.Protection of Life
3.Protection of Intellect
4.Protection of Offspring
5.Protection of Resources
Islamic Entrepreneurship

17. Overriding
Objectives of
Islamic
Entrepreneurs are
to achieve Maqasid
Al Shariah which
include
PROTECTIONS of:
1.Religion
2.Life
3.Intellect
4.Offspring
5.Resources
ISLAMIC
ENTREPRENEUR’S
RESPOSIBILITIES
ANSWERABLE TO ALLAH

18. Sloman [1991] listed number of
environmental problems that resulted
in the establishment of several
pressure groups such as Friends of
the Earth and Greepeace advocating
Green Economics to address the
following environmental issues:
1.Acid Rain
2.The Green House Effect - Climate
Change
3.Depletion of Ozone Layer - harmful
ultra-violate radiation from the sun
that causes skin cancer
4.Nuclear Radiation
5.Land and Water Pollution
GREEN ECONOMICS ISLAMIC ECONOMICS
Prophet Muhammad [peace upon him]
the Messenger of Allah] 1438 years
age received commandment from Allah
as written in the Holy Book Al Quran
and being practiced by himself [Sunnah]
as guide to all mankind in all aspect of
life including Economic Activities. in
this world. The Ultimate Objectives
[ Maqasid al Shariah ] of Islam to
include the following:
1.Protection of Religion
2.Protection of Life
3.Protection of Intellect
4.Protection of Offspring
5.Protection of Resources

19. Prophet Muhammad [peace upon
him] the Messenger of Allah] 1438
Sloman [1991] listed number of
environmental problems
ISLAM IS THE BEST SOLUTION
Islamic Economics Protecting both Environmental and
Social from Grave Catastrophes and thus is another Better
Alternative than Green Economics

23. ISLAMIC ECONOMIC ACTIVITIES PROVIDE GREAT
OPPORTUNITIES FOR ISLAMIC ENTREPRENUERS

24. ESTABLISHMENT OF
MUSLIM ECONOMIC COMMUNITY
[MEC]
PENUBUHAN
KOMUNITI EKONOMI MUSLIM
MALAY MUSLIM NATIONS
NEGARA MELAYU MUSLIM
FUTURE ECNOMIC POWER
KUASA EKONOMI MASA AKAN DATANG
PART 3

26. UNION OF MALAY NATIONS
TOTAL GDP [2014]= USD 2
TRILLION
70%
28%
2%

27. THE SUPER WORLD ECONOMIC POWER
OF THE EAST IN 2100
1. ONE ECONOMIC UNIT GDP = USD 10 trillion
2. ONE OFFICIAL CURRENCY = Muslim Dinar
3. ONE OFFICIAL LANGUAGE = Malay
Year
2100

28. INTEGRATION OF MALAY
SPEAKING & SPELLING OF
300 MILLIONS POPULATION
IN
MALAY NATIONS

29. 1. One Economic
Unit – Shariah
Compliance.
2. One Official
Currency -
Muslim Dinar.
3. One Official
Language –
Malay language
ACHIEVING
ISLAMIC ECONOMIC INTEGRATION

30. HALAL
PRODUCTS
1.Foods
2.Consumer
Products
3.Cosmetics
4.Medicines
5.Supplements
6.etc
SERVICES
1.Medicals : Hospitals, Health Centres,
2.Ports : Airports, Seaports, Land ports
3.Finance : Banks, Insurances
4.Transportations
5.Infrastructure: Highways, Housing, Shopping
ISLAMIC
ENTERPREURS IN
ISLAMIC
ECONOMICS

31. EXAMPLES OF ISLAMIC ENTERPRENEURSHIP IN ISLAMIC
FINANCE

35. NETWORK OF
MUSLIM ECONOMIC
COMMUNITY
[MEC]
ISLAMIC ECONOMIC
[WHOLE SPECTRUM OF OPPORTUNITIES
TO ISLAMIC ENTREPRENEURS]
MOVING FORWARD OF ESTABLISHING MUSLIM ECONOMIC
COMMUNITY [MEC]

36. ROLE OF UNIVERSITIES
PERANAN UNIVERSITI
CREATING ISLAMIC ENTREPRENUERS
MENGUJUKAN ENTREPRENUER ISLAM
RESEARCH AND DEVELOPMENT
PENYELIDIKAN DAN PEMBANGUNAN
PART 4

37. UNIVERSITIES
INDUSTRIES
COLLABORATION
KERJASAMA
ROLE OF UNIVERSITIES IN
CREATING ISLAMIC ENTREPRENUERS
PERANAN UNIVERSITI MENGUJUKAN ENTREPRENUER ISLAM

38. INTERNATIONAL
& LOCAL
UNIVERSITIES
COODINATION
PENYELARASAAN
INTERNATIONAL
& LOCAL
UNIVERSITIES
ROLE OF UNIVERSITIES IN
CREATING ISLAMIC ENTREPRENUERS
PERANAN UNIVERSITI MENGUJUKAN ENTREPRENUER ISLAM

39. INDUSTRIES
COODINATION
PENYELARASAAN
UNIVERSITIES
ROLE OF UNIVERSITIES IN
CREATING ISLAMIC ENTREPRENUER
PERANAN UNIVERSITI MENGUJUKAN ENTREPRENUER ISLAM

40. MANAGING FOR
THE FUTURE BY
ITERGRATING THE
VARIOUS ROLES OF
EXPERTS OR LEADERS
IN RESEARCH &
DEVELOPMENT
STRENGTHING THE
APPLICATION OF
ISLAMIC ECONOMIC
ACTIVITIES THROUGH
THE ESTABLISHMENT
OF MUSLIM ECONOMIC
COMMUNITIES [MEC]
ROLE OF UNIVERSITIES IN DEVELOPING ISLAMIC
ECONOMIC ACTIVITES & ESTABLISHING OF MUSLIM
ECONOMIC COMMUNITY

41. ROLES OF IIIT & UCSC IN DEVELOPING ISLAMIC ENTPERENERUSHIP

42. SHARIAH MANAGEMENT or ISLAMIC MANAGEMENT is THE
MASTER KEY for SUCCESS in ANY DEVELOPMENT EFFORTS

43. SUMMARY & CONCLUSION
RINGKISAN & KESIMPULAN
PART 5

44. SUMMAR
Y

45. ISLAMIC MANAGEMENT IS THE MASTER KEY FOR
SUCCESS IN DEVELOPING ISLAMIC
ENTREPRENEURSHIP AND FOR THE ESTABLISHEMENT
OF FUTURE MUSLIM ECONOMIC COMMUNITY [MEC]
It is observed that the main reason
for failure of an organization or nation
to develop Shariah Way of Life [which
include Islamic Economic, Islamic
Entrepreneurship or Islamic Nation]
in this world is due to lack of
understanding and skills of applying
Islamic Management.
It is recommended that Islamic
Management should be included as a
compulsory subject to every students
irrespective of his or her
specialization in the university
CONCLUSION

46. THANK YOU
TERIMA KASIHTHE END
INTERNATIONAL INSTITUTE OF ISLAMIC THOUGHT USA
KUALA LUMPUR REGIONAL OFFICE, FOR EAST AND SOUTH EAST ASIA
By SHAYA’A OTHMAN
Senior Academic Fellow
+ 6 0122007540
eMail sottoman@gmail.com