ABSTRACT
This chapter explores the impact of Islam on the cultural, geopolitical, and economic dimensions which shape and influence entrepreneurship and private enterprise development in the Middle East. It provides an overview of Islam. The pillars of the Islamic faith are investigated to establish an understanding of how religion shapes Arab culture in the Middle East. The chapter focuses on Islamic culture and how it shapes Arab business values. It addresses the role of family and gender issues. The chapter looks at the influence of Islam on the geo-political landscape. Islamic politics are an important force shaping entrepreneurship in the Middle East. It also looks at Islam and the economy in relationship to entrepreneurship and private enterprise development. Entrepreneurial led family businesses are the key to unlocking the region's potential. Family firms tend to be more long term oriented. This policy includes an emphasis on long term relationships and investment strategies.
