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World Journal of Accounting, Finance and Engineering

Volume 1, No. 1, 2017, pp 41-52
http://dx.doi.org/10.21742/wjafe.2017.1.1.04

Abstract



International Entrepreneurship from an Islamic (Sharia Compliant) Perspective: “The Opportunities for Western Economies”



    Paolo Pietro Biancone1 and Maha Radwan2
    1Department of Management, University of Turin, Italy
    2Department of Management, University of Turin, Italy

    Abstract

    The latest financial crisis and the limited resources for financing is a problem that is facing entrepreneurs. While Islamic finance has experienced progressive growth in the last years and could play significant role not only for Muslims who are living in the West but also for Western population who are seeking investments from Islamic countries . Compatibility of International entrepreneurship and Islamic financing instruments is possible. This paper argues that Islamic finance could positively impact international economies and be a viable potential alternative for financing with its diversified instruments for entrepreneurship and enterprise development. The paper explores the different instruments of financing as well as the criteria for accessing them. The paper provides insights for researchers, decision-makers and practitioners of how could be Islamic finance used as valid financing tool for entrepreneurs.


 

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