Research Article

Determinants of Business Success: An Analysis of Islamic Perspective

1 Department of Business Administration Federal University Gusau, Zamfara State
2 Department of Islamic Studies Al-Qalam University Katsina
* Corresponding author: abubakarabdulkadir@femsbukjournals.org.ng
Published: Sep, 2023
Pages: 131-144
Views: 9
Downloads: 3

Abstract

This study explored the determinants of business success from an Islamic perspective, focusing on the relationship between Allah's decree, human endeavor and individual or business success. The paper is conceptualised based on library research method, involving a comprehensive review of literature from the Quran, books of Hadith, and scholarly journals. The views of Islamic scholars were obtained and analyzed to justify the relationship between the variables under investigation. The study revealed that there are specific success factors that individuals and businesses should identify and utilize to achieve success because success is a combination of effort and reliance on Allah and taking necessary means and making efforts in order to achieve it. The study also revealed that action is necessary in shaping an individual's destiny, and individuals need to actively participate and make choices as such choices affect their journey both in this life and the hereafter. The study recommended that individuals and businesses should identify and utilize the success factors discussed while exerting effort towards their goals. It further advised against pessimism regarding Allah's decree and encourages perseverance and confidence in working towards success.

References

  1. Abdullah, A., Anis, A., & Islam, R. (2015). Critical success factors of the challenges in providing quality education: A study on Malaysian private higher learning institutions. International Journal of the Analytic Hierarchy Process, 7(1), ISSN 1936-6744.
  2. Abdullah Yusuf Ali (1989). The Holy Qur'an: English Translation and Commentary. Amana Corporation.
  3. Abi Dawud, S. (275H). Sunan Abi Dawud. Darus Sa'ada. Al-Qahira
  4. Aisha, S. (2017). Success in Islam (part 1 of 2): Success or Failure is recognized by the Ultimate Result
  5. Ahmad, A., & Haron, S. (2002). Perceptions of Islamic banking practitioners regarding Islamic banking success factors. International Journal of Islamic Financial Services, 4(1).
  6. Al-Attar, H., & Halim, H. A. (2012). The effect of religiosity on Islamic business ethics and the moderating role of generation. Business Ethics: A European Review, 21(2), 171-188.
  7. Al-Bukhari, S. (n.d.). Sahih al-Bukhari - Book 97 Hadith 11. Retrieved from https://sunnah.com/bukhari/97/11
  8. Al-Bukhari, Muhammad Ibn Ismail (2005). Sahih al-Bukhari: The Translation of the Meanings. Darussalam Publishers.
  9. Al-Bukhari, S. (n.d.). Sahih al-Bukhari - Book 97 Hadith 11. Retrieved from https://sunnah.com/bukhari/97/11
  10. Al-Ghazali, A. H. (2000). The Alchemy of Happiness. Lahore: Kitab Bhavan.
  11. Ali, M. M. (1997). The Quran: Text, Translation and Commentary (Vol. 1). Amana Publications.
  12. Al-Saadi, A. R. (2012). Tafseer Al-Saadi. Dar-us-Salam.
  13. Al-Sha'rawi, M. M. (2003). Tafseer Al-Sha'rawi. Dar Al-Ma'arif.
  14. Aminuddin et al, (2016). Exploring The Concept of Al-Falāh (Success) In Business: An Insight from Muslim Experts. International Journal of Business and Applied Social Science. Vol.2, No.8,
  15. Aminuddin, M. A., Abdul-Rahman, A. R., & Zainol, Z. (2016). The relationship between Islamic values and business success. Journal of Islamic Accounting and Business Research, 7(3), 189-202.
  16. Aminuddin, M. A., & Nasution, R. A. (2019). Leadership, motivation, organiza-tional culture, and business success in Muslim small and medium enter-prises (SMEs) in Indonesia. Journal of Islamic Marketing, 10(4), 1154-1174.
  17. Aminuddin, M. A., & Karem, A. (2020). Exploring the role of supplication in relation to the concept of Qadar (predestination) in Islamic thought. Religions, 11(3), 128.
  18. Al-Qaradawi, Y. (2010). The Lawful and the Prohibited in Islam. New Delhi: Goodword Books.
  19. Bin Aqeel, A. M., Awan, A. N., & Riaz, A. (2011). Determinants of Business Success (An Exploratory Study). International Journal of Human Resource Studies, 1(1).
  20. Bostock J. (2014). The meaning of success, insight from women at Cambridge University, University Printing House, Cambridge cb2 8bs, United Kingdom
  21. Bukhari, A. M. (256H). Sahihul Albukhari. Darul Fikr. Beirut Lebanon.
  22. Bukhari, M. (1994). Sahih al-Bukhari (Vol. 3). Darussalam.
  23. Bukhari, S. (n.d.). Sahih al-Bukhari - Book 56 Hadith 3478. Retrieved from https://sunnah.com/bukhari/56/3478
  24. Dewin, A. C. E. and Dhewanto, W. (2012). Key Success Factors of Islamic Family Business. Procedia - Social and Behavioral Sciences 53 – 60. International Conference on Asia Pacific Business Innovation and Technology Management
  25. Hassan, M. K. (2002). Islamic banking and finance: Between ideal and reality. Thunderbird International Business Review, 44(4), 461-490.
  26. Ibn Majah, M. (273H). Sunan Ibn Majah. Maktabatu Safah. Al-Qahira
  27. Ibn Taymiyyah, Taqi al-Din Ahmad (2005). The Decree and the Predestination of Allah. Al-Furqan Islamic Heritage Foundation.
  28. Ibn Taymiyyah, A. (2013). Majmu Al-Fatawa. Beirut: Dar Ibn Hazm.
  29. Islam, R., Anis, A., & Abdullah, A. (2015). critical success factors of the challenges in providing quality education: a study on Malaysian private higher learning institutions. International Journal of the Analytic Hierarchy Process. Vol. 7 Issue 1 2015 ISSN 1936-6744
  30. Islam, M.A. (2010). Success factors of entrepreneurship and small business in Bangladesh: The role of Islam. Journal of Global Entrepreneurship Research, 1(1), 1-14.
  31. Jamilu, R. (2015). The concept of success in Islamic thought. Journal of Islamic Studies and Culture, 3(2), 19-25.
  32. Jamilu, R. (2015). The concept of success in Islamic perspective. International Journal of Humanities and Social Science Research, 4(1), 28-33.
  33. Javadin S. R. S. (2015). Conceptualizing and examining the critical success factors for implementing Islamic banking system towards banking sector of Iran: A mixed method approach. Iranian Journal of Management Studies (IJMS), Vol. 8, No. 3, pp: 421-452. ISSN: 2345-3745
  34. Karem, I. (2020). What Religion Says? Does Supplication Return Fate? Jamel Alshennawi Karem, A. (2020). Exploring the role of supplication in relation to the concept of qadar (predestination) in Islamic thought. Religions, 11(3), 128.
  35. Karem, M. (2020). The relation between destiny and supplication in Islamic culture. Global Journal of Human-Social Science Research, 20(3), 16-20.
  36. Khair, H. (2013). Destiny and human effort in Islam: A study of the relationship between the two concepts from Quranic and Prophetic perspectives. Journal of Islamic Studies and Culture, 1(1), 1-9
  37. Khair, M. A. (2013). Mistakes and misunderstandings on the issue of destiny: A case study of Muslims in contemporary Nigeria. Journal of Education and Practice, 4(2), 129-137.
  38. Khan, M. A. (2007). The Translation of the Meanings of Sahih Al-Bukhari: Arabic-English (Vol. 4). Darussalam.
  39. Mirah M. and Nocella A. J. (2019). The Science of Success Hacking Habit and the one thing holding 99% of the men back. A Guide to Mastering Life Through Habit Manipulation
  40. Muslim, I. (n.d.). Sahih Muslim - Book 33 Hadith 6441. Retrieved from https://sunnah.com/muslim/33/94
  41. Muslim, A. M. (261H). Sahihu Muslim. Almisbahul Munir. Tunis
  42. Muslim, Sahih Muslim, Book 32, Hadith 2757, 2550
  43. Prajogo, D.I. & Ahmed, P.K. (2006). Relationships between innovation stimulus, innovation capacity, and innovation performance. R&D Management, 36(5), 499-515.
  44. Qutb, S. (2004). Fi zilal al- Quran. vol X. (Translation). Adil-Salahi. Leicestershire: The Islamic foundation
  45. Qutb, S. (2004). In the shade of the Quran: FiZilal al-Quran. Islamic Book Trust.
  46. Tirmuzi, M. (279H). Sunan Turmuzi. Daru Ibn Haitham. Al-Qahira
  47. Wilson, R. (2006). Islam and Business. Thunderbird International Business Review
  48. Zakaria, A. H. (2015). Qadar in classical and modern Islamic discourse: Commending a futuristic perspective. Journal of Islamic Studies and Culture, 3(1), 18-28.
How to Cite

Abdulkadir, A., & Ibrahim, M. M. (2023). Determinants of Business Success: An Analysis of Islamic Perspective. Bayero Business Review, 7(1), 131-144. https://doi.org/10.67894/bbr.2023.m4j9ndph

A. Abdulkadir, and M. M. Ibrahim, "Determinants of Business Success: An Analysis of Islamic Perspective," Bayero Business Review, vol. 7, no. 1, pp. 131-144, September 2023. doi: 10.67894/bbr.2023.m4j9ndph

Share this article:
Facebook X / Twitter LinkedIn