Understanding the Relation of Maqasid al-Shari’ah and Islamic Economic Development to Develop a Better Islamic Entrepreneurial Culture in Schools

Due to an increasingly dynamic business environment in which culture and religion is undoubtedly important, entrepreneurship is in fact a part of Islamic culture. Islam is a faith that enables people to enjoy spiritual, moral and socio-economic well-being in this world and Hereafter. Thus, Islamic development studies have greatly created a huge intellectual resource, including models, theories and policy restrictions that have been implemented in most developing economies. Therefore, this paper intends to understand the relation of Maqasid al-Shariah as a framework for Islamic Economic Development and to briefly discuss an effective entrepreneurial culture in schools, especially in Islamic boarding schools. A systematic approach to literature review was steered through exploring the process of understanding Islamic entrepreneurial culture and will be explained further based on the concept of Maqasid al-Shari’ah. The context of how Islamic business is an important driver in the growth of Islamic development is also highlighted.