Religion and Business Values for Muslimpreneurs (original) (raw)
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International Journal of Academic Research in Business and Social Sciences
Islam is a religion that guides people in every aspect of life. This involves guiding Muslims to do business in a manner that is blessed (barakah). Thereafter, Muslim entrepreneurs would be able to become a role model to the non-Muslims not only on the aspects of business dealing, but also principles that lead to business success. However, despite guiding Muslims on how to operate business the Islamic way, not many Muslims turned out to be successful as they should be. Were they not practicing enough Islam that resulted in poor business performance? For the purpose of analysis, 110 data were obtained from an entrepreneurship program held in Kuala Lumpur, Malaysia The aim was to investigate the impact of religiousness and personal values on business performance. Multiple regression analysis was conducted to fulfill the objectives of the study. The analysis generated an unexpected outcome. Religiousness was inversely related to business performance. Intrinsic and extrinsic values were not significantly related to business performance; hence did not support the findings of previous studies. Justification for the unexpected results and recommendation for future research were also discussed in the paper.
Spirituality is a vital aspect in the context of Islamic entrepreneurship. In fact, the Malay entrepreneur's achievement that associated with their attitude as one of the influential factors in many extents, is derived from internal religious values as a final solution. However, there is little studies that scrutinizing this issue extensively in the context of the entrepreneurs success. Therefore, this research will explore spiritual aspects by identifying the related characteristics and the significance from motivational view and achievements that would lead to the success in entrepreneurship. Through an in-depth interview and thematic analysis, it can be said that the characteristics and spiritual practice do influence the motivation of entrepreneurs to build confidence and perseverance. Holding tight to the moral principles and assisting to more efficient managerial aspects and the undertakings will lead to the success in the business endeavour.
2016
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Islam as a complete way of life has always given emphasis on business entrepreneurship. Islam encourages earning through permissible means. The strong foundation on which Islamic way of life is built up ensures social balance in all spheres of life. Business in Islam has the highest status as a method of earning livelihood. . The early Muslim generation has proved that a Muslim can be a very successful entrepreneur if he/she practices Islam in its entirety. This study analyses the importance of entrepreneurship in Islam based on Quran and sunnah and by looking back to the past practice of renowned Muslims. The research nullifies the misconception that Islam is backdated and discourages innovation. Keywords: Entreprenureship, Islam, Business.
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Spirituality in entrepreneurship is an emerging area of interest which has begun to generate attention from management scholars. However, most research carried out in this area is from the western perspective. Until recently, there is dearth of research that gears towards spirituality in Islam and its contribution to the overall development of modern organisations. Precious little information is available regarding spirituality in Islam and its effects on entrepreneurial outcomes. This exploratory study presents a conceptual analysis of the effects of spirituality in Islam on entrepreneurial motivation, performance and commitment to social responsibility. It has been suggested that spirituality in Islam has the potential to positively influence the attitudes of entrepreneurs and to serve as a motivational drive for going into business. Also, it has the potential to serve as a catalyst for positive energy, enhanced performance and increased commitment to social responsibility. Therea...
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Exploring How Religiosity Influences Motivation: Lived Experience of Malay Muslim Entrepreneurs
International Journal of Academic Research in Business and Social Sciences
Survival of entrepreneurs in an increasingly dynamic and complex business environment is difficult. Following this, many studies on entrepreneurial behavior were conducted since it is the main ingredient contributing to the survival of an entrepreneurial venture. Various factors which influence entrepreneurial behavior such attitude and cognitive elements have been largely explored, but they were found as less useful in predicting entrepreneurial behaviors. Thus, scholars have called for the focus on motivation and discovered that religiosity can significantly influence motivation which can drive entrepreneurial behavior. Therefore, using an interpretive phenomenology method, this study examines the lived experiences of how religiosity influences entrepreneurial motivation, contributing to his/her survival in entrepreneurial journey. Based on an in-depth interview with two religious Muslim Malay entrepreneurs, it was found that religiosity does influence entrepreneurial motivation, when the informants held to the beliefs that (1) God is there to help and (2) God is the Sustainer. These beliefs influenced them to regulate their negative emotions and developed optimism. Future research of this kind of study using more participants from different cultures, or different stages of business as well as its impact on performance and well-being would be a fruitful study.