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5 powerful lessons from Quran for entrepreneurs

5 powerful lessons from Quran for entrepreneurs

October 28, 2023
The matter of Palestine and Israel stays heavy on our hearts and minds every day, every night. I believe the least we can do publicly is share what other great Muslims are writing and speaking about the topic. I want to share 2 great pieces of content on helping our brothers and sisters in Palestine:

 

  1. An article br. Faisal Amjad wrote: Unlocking Leverage: A New Perspective on What You Can Do To Help Solve the Palestine Crisis
  2. And a powerful video message from Sami Hamdi: Have Muslims in the West betrayed Palestine?
Assalamualaikum!

In my study of the differences between successful entrepreneurs and successful Muslim entrepreneurs, I have learned one major thing…it’s the drive.

The motivation at the heart of the business is what differentiates an ego-driven business from a Faith-driven business.

And because of that core difference in the intentions and beliefs of the business owner, the strategy, tactics, and execution will also have key differences that can all be traced back to the beliefs at the heart of the business.

I doodled to explain my understanding of this:

  1. Your belief system lies at the heart of everything, including your business.
  2. Your belief system shapes the personality, including your self-discipline, habits, routines, preferences, skills stack, work ethic, and values. The belief system and personality makes the identity of the person.
  3. Your personality will determine your actions, i.e., how much you perform, how well you perform, and how consistently you perform well.
  4. The outcomes you experience are largely (not always) determined by your actions, and of course, the final stamp of achievement comes from the Qadr of Allah

 

In other words, your actions can be tracked all the way back to your beliefs.

This concept isn’t just specific to business… It works the same way for all other matters of life too.

For example; Muslims and non-Muslims all execute the same activities… We all eat, sleep, work, marry, have families, travel, etc.

But the way we do the same things is different, as we follow the Quran and Sunnah.

For example, we may work the same job, but as Muslims, we stay within our halal boundaries and practice work ethics of our Prophet SAW.

With all the hype of content from secular gurus in the online business space, it can be sometimes underrated how important it is for a Muslim Entrepreneur to use Faith to grow our business.

In fact, if the goal is to achieve success in Dunya and Akhirah, there is no other way.

It’s not that we as Muslims can’t want success or shouldn’t have success in Dunya. Or that we should always strive for Akhirah but forget about Dunya. Not at all.

I try to live by a few rules that have helped me understand how to stay on Deen track as a Muslim Entrepreneur and I want to share them with you:

➡️ We can want success in Dunya, but the only way to enjoy true success in Dunya is to want success in Dunya and Akhirah.

➡️ Never to compromise Akhirah for the sake of Dunya.

➡️ To compromise Dunya for the sake of Akhirah wherever required.

➡️ To use the success in Dunya to have more success in Akhirah.

➡️ To always try to achieve success and excellence in both Dunya and Akhirah.

⚡ how an ego-driven business operates

 

❌ 1. their belief system is shaped by EGO (Nafs) and that is what drives the business. For example: “I want to become a millionaire so I can retire and do whatever I want, wherever I want, whenever I want.” The entire focus with this belief system is I, me, myself.

❌ 2. their identity and personality are shaped by Ego. The business owner has successfully built remarkable discipline, work ethic, values, skill stack, habits, etc. but has done so using random beliefs and practices driven by the belief above. For example: “I will work 16 hours a day because that’s what I want to do and I can. I will not have kids because it’s not something I want – I’m more focused on growing my business than growing a family.”

❌ 3. their actions and outcomes may be successful but they lack the Barakah and fulfillment. (There’s fear, lack of peace, and lack of fulfillment) “When is enough enough? What if I lose it all overnight?”

❌ 4. they are driven by desire, excitement, fear, or scarcity.

❌ 5. they rely on ‘Self’ [or the ‘Universe’ etc.] for outcomes. “I am successful because of my hard work. I decide my goals and I make them happen.”

 

⚡ 5 Steps to building a Faith-driven business

 

✅ 1. Your belief system is shaped by your Faith (the Quran and Sunnah) and that is what drives your business. You have made Allah SWT your work partner.

In the Quran, Surah Fatir ayahs 29-30 it says,
“Indeed, those who recite the Book of Allah and establish prayer and spend [in His cause] out of what We have provided them, secretly and publicly, [can] expect a profit that will never perish –  That He may give them in full their rewards and increase for them of His bounty. Indeed, He is Forgiving and Appreciative.”

 

✅ 2. Your identity and personality are that of a Mo’min and are shaped by the teachings of Deen. You have built discipline, work ethic, values, skill stack, habits, etc. using the teachings from the Quran and Sunnah

“And there is nothing for a person except what he strives for” (53:39).

The Prophet SAW said: ‘Verily, Allah loves that when anyone of you does something he does it perfectly.’ [Al Bukhari]

 

✅ 3. Your actions are always successful regardless of the outcomes because your work has Barakah and fulfillment as gifts from Allah SWT. You have controlled your desires and fears, and don’t let them affect your actions.

The Prophet (SAW) said, “How wonderful is the case of a Believer! There is good for him in whatever happens to him -and none, apart from him, enjoys this blessing.”(Muslim).

 

✅ 4. You are driven by Taqwah, purpose, and mission.

“And when the prayer has been concluded, disperse within the land and seek from the bounty of Allah, and remember Allah often that you may succeed.” [Quran, 62:10]

 

✅ 5. You rely on Allah SWT for outcomes.

and ‘If Allah touches you with harm, none can undo it except Him. And if He intends good for you, none can withhold His bounty. He grants it to whoever He wills of His servants. And He is the All-Forgiving, Most Merciful.’” (Quran: 10:107)

 

🌟 Key Takeaway

 

So if we want to change the outcomes of your business, we can trace it back to the root cause step by step.First, note the broken links in actions/ behavior, then personality weaknesses, and finally, the broken links in belief system.Each time I follow this exercise, I have completely changed the way I think about business and how I show up at work. Every time I get lost in the content from all sorts of gurus and coaches online, it helps me see things from an Islamic perspective.

I hope today’s newsletter showed you a more Islamic way to think about your business.

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