Islam, institutions and entrepreneurship: evidence from Muslim populations across nations

Ayob, Abu Hanifah; Saiyed, Abrar Ali

doi:10.1108/imefm-11-2019-0472

Cited by 31 publications

(37 citation statements)

References 66 publications

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“…It gives new insights into the relationships based on Muslim society and Islamic entrepreneurship. Although there may be a gap between these two, Islamic values are the basis for the intention to influence the outcome of actual entrepreneurship (Ayob and Saiyed, 2020). This means that Islamic and personal values may shape Minangkabau entrepreneurship in this study.…”

Section: Introductionmentioning

confidence: 84%

“…Additionally, Islamic values pursue excellence and perfection with innovativeness but Muslims should perform "tawakkal" which needs to depend on Almighty God for the outcome of any action (Hoque et al, 2014). According to Ayob and Saiyed (2020), although Islamic values encourage entrepreneurship, Muslim populations are negatively associated with the rate of new business activities in a country. This includes the formal type and Muslim entrepreneurship, which tends to be necessitydriven rather than opportunity-driven.…”

Section: Islamic Valuesmentioning

confidence: 99%

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Personal values and SME innovation in a Muslim ethnic group in Indonesia

Games

Soutar²,

Sneddon³

2020

JEEE

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Purpose This study aims to examine the relationship between personal values and small and medium enterprise (SME) innovation in Minangkabau, a Muslim ethnic group in Indonesia. Design/methodology/approach A quantitative approach was used to survey 400 small business owners. Structural models were estimated using WarpPLS. Findings The study established that SME owners had mixed values. This highlights the context of entrepreneurship because it provides an understanding of the links between personal values and some innovation-related constructs. Research limitations/implications The study made a little comparison of personal values in other Muslim societies. It is beneficial as a reference for future studies on comparisons between the Minangkabau and other ethnic Muslim groups. Practical implications Minangkabau small enterprise entrepreneurs need reflection on their values and business innovation because integrating these two aspects strengthens business identity. Social implications The entrepreneurs may need to balance personal and socio-cultural values to implement both business innovation and social harmony successfully. Originality/value To the best of the authors’ knowledge, this is the first study that takes into account the innovation concept. It examines personal values related to some concepts on innovation. It can partly be explained by the high level of religiosity in the Minangkabau ethnic group.

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Section: Introductionmentioning

confidence: 84%

Section: Islamic Valuesmentioning

confidence: 99%

Personal values and SME innovation in a Muslim ethnic group in Indonesia

Games

Soutar²,

Sneddon³

2020

JEEE

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“…When we say healthy business practices, we should understand it as such practices which are considered legitimate and acceptable by individuals of other communities such as christens, Jews, Hindus and others. Further, the study also suggests the need to have more supportive policies and programmes to help Muslim women come out of their houses and contribute to the national economy through their entrepreneurial ventures (Ayob and Saiyed, 2020).…”

Section: Discussionmentioning

confidence: 99%

A decade of research on Muslim entrepreneurship

Hassan

2021

JIMA

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Purpose The purpose of this study is two-fold. First, it proposes a definition of Muslim entrepreneurship and second, it synthesizes existing literature on Muslim entrepreneurship published in the past decade. Design/methodology/approach A systematic literature review technique has been used to identify and analyse the literature for a period between 2009 and 2019. Findings Results of the study suggest that there is a dearth of literature conceptualizing and operationalizing the concept of Muslim entrepreneurship in the management literature. Further, studies examining the factors which affect Muslim entrepreneurship practices are limited. Research limitations/implications The study has analysed only peer-reviewed articles from management literature. Originality/value A synthesis of the literature on Islamic entrepreneurship is missing. Also, literature proposing a comprehensive definition of the concept and summarizing the factors which affect Muslim entrepreneurship practices are absent.

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“…We also control for the percentage of Muslim population in a country as Islam encourages trade, risk-taking and the pursuit of opportunities (Audretsch et al , 2013). Accordingly, the percentage of Muslim population in a country may affect entrepreneurial activities in a country and consequently, demand for funds from the financial institutions (Ayob and Saiyed, 2020).…”

Section: Data Variables and Methodologymentioning

confidence: 99%

The impact of Islamic banking model and Islamic financial development on bank performance: evidence from dual banking economies

Ahsan

Qureshi

2021

IMEFM

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Purpose The purpose of this study is to develop an Islamic Banking Index representing the Islamic banking model and to investigate its impact on the performance of Islamic and conventional banks. This study also analyzes the impact of Islamic financial development on bank performance. Design/methodology/approach The authors collected the data from 23 countries for the period from 2010 to 2018 and developed a composite Islamic Banking Index. The authors applied the generalized method of moments on 3,542 bank-year observations for both Islamic and conventional banks to analyze the impact of the Islamic Banking Index on bank performance. The results of the study are robust to time-fixed effects, country-level time-varying factors and endogeneity issues. Findings The authors found that Islamic Banking Index positively contributes to the return on assets (ROAit) of Islamic banks only. This impact becomes highly significant in countries with comparatively higher Islamic financial development. This finding suggests that the Islamic financial development in a country provides a supportive operating environment to Islamic banks and increases their performance. The authors also found that Islamic Banking Index positively contributes to the return on equity (ROEit) of both types of banks. Practical implications The authors argue that moving away from interest-based products and focusing more on diversified portfolios can boost the performance of both types of banks without increasing their risk levels. Originality/value To the best of the authors’ knowledge, this is the first study that develops a composite Islamic Banking Index based on differentiating factors of the Islamic banking model and investigates the impact of Islamic Banking Index and Islamic financial development on bank performance.

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Islam, institutions and entrepreneurship: evidence from Muslim populations across nations

Cited by 31 publications

References 66 publications

Personal values and SME innovation in a Muslim ethnic group in Indonesia

Personal values and SME innovation in a Muslim ethnic group in Indonesia

A decade of research on Muslim entrepreneurship

The impact of Islamic banking model and Islamic financial development on bank performance: evidence from dual banking economies

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