The Influence of Islamic Principles on Family Business Dynamics: A Comparative Study of the UAE and the West

Family businesses are the bedrock of the UAE economy, contributing significantly to GDP, employment, and overall economic diversification. By delving into the intricate interplay between Islamic values and family business dynamics, this research aims to uncover the unique formula that has propelled UAE family enterprises to such prominence.. By examining how principles like unity, responsibility, patience, and trust shape decision-making, risk management, and succession planning, we aim to understand the correlation between these Islamic values and business performance. To comprehend the roots of entrepreneurial acumen among UAE nationals, we will analyze Islamic educational curricula and assess the impact of religious upbringing on entrepreneurial aspirations. A comparative analysis of UAE and Western family businesses will illuminate the distinctive character of UAE family firms and identify potential synergies between Islamic business principles and Western economic models.