Islamic social entrepreneurship values: application and an experience of Akademi Bakat ABS

• Main Authors: Ikhsan, Suhaili, Jamaludin, Mohammad Aizat
• Format: Article
• Language: English
• Published: AZKA-PPZ 2022
• Subjects: BPH114 Consumption. Halal issues; BPH117.5 Halal Education, Halal Training; HF5415 Halal entrepreneurship; HF5475.I74 Halal business, entrepreneur, marketing, management, and administration
• Online Access: http://irep.iium.edu.my/103005/7/103005_Islamic%20social%20entrepreneurship%20values.pdf; http://irep.iium.edu.my/103005/; https://azjaf.zakat.com.my/index.php/azjaf/article/view/140/77; https://doi.org/10.51377/azjaf.vol3no3.140

Muslims are encouraged by Islam to look after their Muslim community (brothers and sisters in Islam) by sharing and distributing their wealth among various levels of the community. A variety of mechanisms can be used to accomplish this goal including the application of zakat, waqaf and sedaqah (Islamic charity). The incorporation of Islamic values can groom the entrepreneur in social entrepreneurship through the application and education of Islamic values from a young age. In this context, this paper aims to achieve the main goal, which is to instil Islamic social entrepreneurship values in students' personalities, while they are in school such as assisting and cooperating with their peers while performing tasks. To achieve the objectives, the study will identify the application of how Akademi Bakat ABS nurture the students’ inner self with the six values of entrepreneurship (i.e. social intelligence, integrity, altruism, creative and innovative, diplomacy, and righteousness), since pre-school and hence, leverage the mindset, behaviour, and subsequently the cultural value of social entrepreneurship among the students. With all the virtues it holds, the possibility to overcome the overwhelmed issue of graduates’ unemployability and incompetency in human skill can be achieved in confronting the Industrial Revolution 4.0 agenda. Finally, with support from each segment of the society (students, teachers, parents, ministry, industries, etc.), Akademi Bakat ABS sees itself as an industrial player that can holistically benefit the Malaysian education eco-system.