Key Success Factors of Islamic Family Business

Abstract

Previous studies about family business in Islamic value are still few. Accordingly, further study in that area is needed. The purpose of this research is to fulfil the need and to give the perspective about family business in Islamic insight. The role of faith and religious beliefs on ethical business practices becomes a highly pertinent question (Quddus, Bailey, and White, 2005). The overarching principles of Islam set the operating framework for every aspect of how business is conducted in the Moslem world. Interview is conducted in this research to six Moslems who have family business. The data is analyzed using multiple cases study. It shows the information about the definition of success and keys success factors in family business from Islamic values. The expected contribution is to give additional insight about family business in Islamic values. In this study, the types of family businesses are in difference industries, so the basic concept about the family business in Islamic insight can be generalized.

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