THE ROLE OF ISLAMIC COMMERCIAL LAW IN FOSTERING ENTREPRENEURSHIP AND ECONOMIC GROWTH: A JURISPRUDENTIAL ANALYSIS
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October 18, 2025
April 28, 2026
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Economic Growth, Entrepreneurship, Islamic Commercial Law
Abstract
The integration of Islamic commercial law into modern entrepreneurial practices is gaining increasing attention, especially in Muslim-majority economies. Islamic commercial law, rooted in the principles of fairness, transparency, and ethical behavior, offers an alternative legal framework for fostering entrepreneurship and driving economic growth. However, its specific role and impact in contemporary business environments remain underexplored. This study aims to analyze the contribution of Islamic commercial law to entrepreneurship and economic development through a jurisprudential lens. The research employs a qualitative approach, utilizing semi-structured interviews, case studies, and document analysis to explore the practical implications of Islamic legal principles on business practices. The findings suggest that Islamic commercial law promotes entrepreneurship by providing risk-sharing mechanisms, enhancing trust among business partners, and offering ethical guidelines for business conduct. Furthermore, the study reveals that businesses operating under Islamic commercial law principles experience higher sustainability and long-term growth, particularly in the context of small and medium enterprises. In conclusion, Islamic commercial law plays a pivotal role in fostering an equitable business environment, contributing to economic growth, and addressing socio-economic challenges. The research highlights the importance of integrating Islamic legal principles into broader economic frameworks to foster sustainable development.
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Copyright (c) 2026 Hubbul Wathan, Ahmed Al-Fahad, Emma Brown
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