A New Framework of Islamic Entrepreneurship: Fostering Inclusivity, Sustainability—Policy Implications

This study introduces a novel framework for Islamic entrepreneurship, emphasizing inclusiveness and sustainable growth through an analysis of research trends spanning 34 years. Using bibliometric analysis via R Studio, the research examines 354 articles from the Scopus database, covering the period from January 1, 1990, to May 8, 2024. The findings reveal a significant rise in scholarly interest, particularly in digitalization and global socio-economic inequalities. Key insights include the transformative potential of digital Islamic entrepreneurship, the strategic use of diverse Islamic social financial mechanisms, the prioritization of Islamic entrepreneurial education, and the promotion of Islamic women entrepreneurship. Additionally, the study highlights the importance of Islamic community-based entrepreneurship for social impact. These insights underscore the need for policies fostering inclusivity and sustainability in Islamic entrepreneurship. Practical implications suggest this framework serves as a valuable strategy for policymakers in Muslim-majority countries to support economic development. Socially, this approach can create an enabling environment for Islamic entrepreneurship, contributing to broader societal welfare. By addressing these aspects, the study advances the discourse on the pivotal role of Islamic entrepreneurship in promoting economic inclusivity and sustainability. This research offers original value by framing Islamic entrepreneurship as a catalyst for comprehensive growth.