The Practice of Business SUCCESSION among Muslim Entrepreneurs in Malaysia

Afifah Hamdan; Nasrul Hisyam  Nor Muhamad; Ahmad Azlan  Azmi

Knowledge related to business succession is essential for every entrepreneur. A business must be effectively managed not just throughout a person's lifetime, but also after his death. This is to ensure that the business's legacy can be sustained, especially by the heirs. This study investigates the practice of business succession among Malaysian Muslim entrepreneurs. This study employs a qualitative methodology by using content analysis, observation, and in-depth interviews. According to the findings of the study, the majority of Muslim entrepreneurs do not have a documented plan for business succession and do not use any of the instruments in Islamic inheritance planning. However, from a management aspect, some entrepreneurs have chosen the heirs and involved them in the business from an early age, while others have already offered heirs prominent positions.

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(Hamdan et al., 2024)
Hamdan, A., Muhamad, N. H. N., & Azmi, A. A. (2024). The Practice of Business SUCCESSION among Muslim Entrepreneurs in Malaysia. International Journal of Academic Research in Business and Social Sciences, 14(5), 1231–1241.

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The Practice of Business SUCCESSION among Muslim Entrepreneurs in Malaysia

Afifah Hamdan, Nasrul Hisyam Nor Muhamad, Ahmad Azlan Azmi

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