Skip to main content
SpringerLink
Log in
Book cover

Entrepreneurship and Management in an Islamic Context pp 227–242Cite as

Islamic Entrepreneurship and Management: Future Research Directions

  • Chapter
  • First Online:

Abstract

In this chapter we discuss the role of Islam in entrepreneurship and management by focusing on the spiritual, ethical and innovative elements that apply to business practices. The chapter indicates the entrepreneurial nature of Islam as a religion and provides a framework for future research about religious entrepreneurship.

This is a preview of subscription content, log in via an institution.

Chapter
USD   29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD   129.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD   169.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD   169.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Learn about institutional subscriptions

References

  • Adas, E. B. (2006). The making of entrepreneurial Islam and the Islamic spirit of capitalism. Journal for Cultural Research, 10(2), 113–137.

    Article  Google Scholar 

  • Altinay, L. (2008). The relationship between an entrepreneur’s culture and the entrepreneurial behaviour of the firm. Journal of Small Business and Enterprise Development, 15(1), 111–129.

    Article  Google Scholar 

  • Analou, F., Moghini, S. M., & Khanifar, H. (2009). Public sector managers and entrepreneurship in Islamic Republic of Iran. Journal of Management Development, 28(6), 522–532.

    Article  Google Scholar 

  • Analoui, F., & Karami, A. (2003). Strategic management in small and medium sized enterprises. London: Thompson Learning.

    Google Scholar 

  • Anggadwita, G., Mulyaningsih, H. D., Ramadani, V., & Arwiyah, M. Y. (2015). Women entrepreneurship in Islamic perspective: A driver for social change’. International Journal of Business and Globalisation, 15(3), 389–404.

    Article  Google Scholar 

  • Azim, M. T. (2011). Entrepreneurship development in Bangladesh (1st ed.). Dhaka: UGC.

    Google Scholar 

  • Barsky, R., Juster, F., Kimballl, M., & Shapiro, M. (1997). Preference parameters and behavioural heterogeneity: An experimental approach in the health and retirement study’. Quarterly Journal of Economics, 112, 537–579.

    Article  Google Scholar 

  • Basu, A., & Altinay, E. (2002). The interaction between culture and entrepreneurship in London’s immigrant businesses. International Small Business Journal, 20(4), 371–394.

    Article  Google Scholar 

  • Baumol, W. (1993). Entrepreneurship, management and the structure of payoffs. Cambridge, MA: MIT Press.

    Google Scholar 

  • Benfield, M. (2003). Mapping the terrain of spirituality in organizations research. Journal of Organizational Change Management, 16(4), 367–377.

    Article  Google Scholar 

  • Berger, P. L. (1999). The desecularization of the world: Resurgent religion and world politics. Washington, DC: William B. Eerdmans.

    Google Scholar 

  • Busenitz, L., Gomez, C., & Spencer, J. (2000). Country institutional profiles: Unlocking entrepreneurial phenomena’. Academy of Management Journal, 43(5), 994–1003.

    Article  Google Scholar 

  • Candland, C. (2000). Faith as social capital: Religion and community development in southern Asia. Policy Sciences, 33(3–4), 355–374.

    Article  Google Scholar 

  • Dana, L.-P. (1995). Small business in a non-entrepreneurial society: The case of the Lao People’s Democratic Republic (Laos). Journal of Small Business Management, 33(3), 95–102.

    Google Scholar 

  • Dana, L.-P. (2007). Humility-based economic development and entrepreneurship among the Amish. Journal of Enterprising Communities: People and Places in the Global Economy, 1(2), 142–154.

    Article  Google Scholar 

  • Dana, L.-P. (2009). Religion as an explanatory variable for entrepreneurship. Entrepreneurship and Innovation, 10(2), 87–99.

    Article  Google Scholar 

  • Dana, L.-P. (Ed.). (2010). Entrepreneurship and religion. Cheltenham: Edward Elgar Publishing.

    Google Scholar 

  • Dean, K., Fornaciari, C., & McGee, J. (2003). Research in spirituality, religion and work: Walking the line between relevance and legitimacy. Journal of Organizational Change Management, 16(4), 378–395.

    Article  Google Scholar 

  • Dent, E., Higgins, M., & Wharff, D. (2005). Spirituality and leadership: Am empirical review of definitions, distinctions and embedded assumptions. The Leadership Quarterly, 16(5), 625–653.

    Article  Google Scholar 

  • Diaz, J. (2000). Religion and gambling in sin-city: A statistical analysis of the relationship between region and gambling patterns in Las Vegas residents. Social Science Journal, 37, 453–458.

    Article  Google Scholar 

  • Diener, E., & Oishi, S. (2002). Money and happiness: Income and subjective well-being across nations. In E. Diener & E. M. Suh (Eds.), Subjective well-being across cultures. Cambridge, MA: MIT Press.

    Google Scholar 

  • Drakopoulou Dodd, S., & Anderson, A. R. (2007). Mumpsimus and the mything of the individualistic entrepreneur. International Small Business Journal, 25(4), 341–360.

    Article  Google Scholar 

  • Drakopoulou Dodd, S., & Gotsis, G. (2007). The interrelationships between entrepreneurship and religion. The International Journal of Entrepreneurship and Innovation, 8(2), 93–104.

    Article  Google Scholar 

  • Du, X. (2014). Does religion mitigate tunnelling? Evidence from China. Journal of Business Ethics, 125(2), 299–327.

    Article  Google Scholar 

  • Du, X. (2015). Religious belief, corporate philanthropy and political involvement of entrepreneurs in Chinese family firms. Journal of Business Ethics (published online 17 June 2015).

    Google Scholar 

  • Elkhouly, S. M. E., & Buda, R. (1997). Cross-cultural comparison of value systems of Egyptians, American, Africans and Arab Executives. IJCM, 7(3&4), 102–119.

    Google Scholar 

  • Elyacher, J. (2002). Empowerment money: The World Bank, non-governmental organizations, and the value of culture in Egypt. Public Culture, 14(3), 493–514.

    Article  Google Scholar 

  • Essers, C., & Benschop, Y. (2009). Muslim businesswomen doing boundary work: The negotiation of Islam, gender and ethnicity in entrepreneurial contexts. Human Relations, 62(3), 403–423.

    Article  Google Scholar 

  • Farid, M. (2007). Entrepreneurship in Egypt and the US compared: Directions for further research suggested. Journal of Management Development, 26(5), 428–440.

    Article  Google Scholar 

  • Farmer, R. N., & Richman, B. M. (1965). Comparative management and economic progress. Homewood, IL: Richard D. Irwin.

    Google Scholar 

  • Fattah, M. A., & Butterfield, J. (2006). Muslim cultural entrepreneurs and the democracy debate. Critique: Critical Middle Eastern Studies, 15(1), 49–78.

    Google Scholar 

  • Furnham, A., & Argyle, M. (1998). The psychology of money. London: Routledge.

    Google Scholar 

  • Galbraith, C. S., Latham, D. R., & Galbraith, J. B. (1997) Entrepreneurship in the Hispanic community of Southeastern United States. Frontiers of Entrepreneurship Research. Wellesley, MA: Babson College. Retrieved from http://fusionmx.babson.edu/entrep/fer/papers97/sum97/gal.htm

  • Gerber, A., Gruber, J., & Hungerman, D. M. (2008). Does church attendance cause people to vote? Using Blue Law’s repeal to estimate the effect of religiosity on voter turnout (NEBR working paper).

    Google Scholar 

  • Gibbons, P. (2000). Spirituality at work: Definitions, measures, assumptions and validity claims. Proceedings of the Academy of Management.

    Google Scholar 

  • Greenberg, A. (2000). The church and the revitalization of politics and community. Political Science Quarterly, 115(3), 377–394.

    Article  Google Scholar 

  • Guemuesay, A. A. (2015). Entrepreneurship from an Islamic perspective. Journal of Business Ethics, 130(1), 199–208.

    Article  Google Scholar 

  • Guiso, L., Sapienza, P., & Zingales, L. (2003). People’s opium? Religion and economic attitudes. Journal of Monetary Economics, 50, 225–282.

    Article  Google Scholar 

  • Habermas, J. (2001). Glauben und Wissen, Friedenspreis des Deutschen Buchhandels. Frankfurt: Suhrkamp.

    Google Scholar 

  • Halek, M., & Eisenhauer, J. (2001). Demography of risk aversion. Journal of Risk and Insurance, 68, 1–24.

    Article  Google Scholar 

  • Hiebert, P. G. (1976). Cultural snthropology. Philadelphia, PA: J.B. Lippincott.

    Google Scholar 

  • Hilary, G., & Hui, K. W. (2009). Does religion matter in corporate decision making in America? Journal of Financial Economics, 93, 455–473.

    Article  Google Scholar 

  • Hofstede, G. (2001). Cultures consequences (2nd ed.). Beverly Hills, CA: Sage.

    Google Scholar 

  • Hoque, N., Mamun, A., & Mamun, A. M. A. (2014). Dynamic and traits of entrepreneurship: An Islamic approach. World Journal of Entrepreneurship, Management and Sustainable Development, 10(2), 128–142.

    Article  Google Scholar 

  • Iannaccone, L. R. (1998). Introduction to the economics of religion. Journal of Economic Literature, 36, 1465–1495.

    Google Scholar 

  • Iyer, G. R. (1999). The impact of religion and reputation in the organization of Indian merchant communities. The Journal of Business and Industrial Marketing, 14(2), 102–117.

    Article  Google Scholar 

  • Iyer, G. R. (2004). Ethnic business families. In C. H. Stiles & C. S. Galbraith (Eds.), Ethnic entrepreneurship: Structure and process (pp. 243–260). Oxford: Elsevier.

    Google Scholar 

  • Jones-Correa, M. A., & Leal, D. L. (2001). Political participation: Does religion matter? Political Research Quarterly, 54(4), 751–770.

    Article  Google Scholar 

  • Kakabadse, A. (2001). What is vision? Management Today, 4/5, 13.

    Google Scholar 

  • Kauanui, S., Sherman, C., Thomas, K., & Waters, G. (2006). Evolution of research instruments: Entrepreneurship, spirituality and work. Paper presented at the International Council for Small Business, Melbourne.

    Google Scholar 

  • Kayed, R. N., & Hassan, K. (2010). Islamic entrepreneurship. London: Routledge.

    Google Scholar 

  • Kluckhohn, F. R., & Strodtbeal, F. L. (1961). Variations in value orientations. Evanston, IL: Row, Peterson & Co.

    Google Scholar 

  • Kuran, T. (2012). The long divergence: How Islamic law held back the Middle East Timur Kuran. USA: Princeton Press.

    Book  Google Scholar 

  • Lenski, G. E. (1961). The religious factor: A sociological study of religion’s impact on politics, economics and family life. Garden, New York, NY: Doubleday.

    Google Scholar 

  • Lerner, J., & Keltner, D. (2001). Fear, anger and risk. Journal of Personality and Social Psychology, 81, 146–159.

    Article  Google Scholar 

  • Madi, O. (2014). From Islamic radicalism to Islamic capitalism: The promises and predicaments of Turkish-Islamic entrepreneurship in a capitalist system (the case of IGIAD). Middle Eastern Studies, 50(1), 144–161.

    Article  Google Scholar 

  • Maruyama, M. (1989). New approaches to international economic problems: Using cultural and social characteristics. Futures, 21(3), 291–293.

    Article  Google Scholar 

  • Marx, K. (1843). Contribution to the critique of Hegel’s philosophy of the right: Introduction. In C. Tucker (Ed.), The Marx-Engels reader (pp. 11–23). New York, NY: WW. Norton.

    Google Scholar 

  • Miller, A. S. (2000). Going to hell in Asia: The relationship between risk and religion in a cross-cultural setting. Review of Religious Research, 40, 5–18.

    Article  Google Scholar 

  • Miller, A. S., & Hoffman, J. P. (1995). Risk and religion: An explanation of gender differences in religiosity. Journal of the Scientific Study of Religion, 34, 63–75.

    Article  Google Scholar 

  • Mitchell, T. (2002). Rule of experts: Egypt, techno-politics, modernity. Berkeley: University of California Press.

    Google Scholar 

  • Moch, M., & Bartunek, J. (1990). Creating alternative realities at work: The quality of work experiment at FoodCom. New York, NY: Harper & Row.

    Google Scholar 

  • Naqui, S. N. H. (1994). Islam economics and society. London: Kegan Paul International.

    Google Scholar 

  • Neck, C., & Milliman, J. (1994). Thought self-leadership: Finding spiritual fulfilment in organizational life. Journal of Managerial Psychology, 9(6), 9–16.

    Article  Google Scholar 

  • Osaba, B. (2003). Risk preferences and the practice of religion: Evidence from panel data (work paper). Wester Virginia University.

    Google Scholar 

  • Pew Research Centre. (2011). The future of the global Muslim population: Projections for 2010–2030. Washington, DC: The Pew Research Centre.

    Google Scholar 

  • Pio, E. (2004). Z-biz-the art of wealth: Stepping stones to spirituality in organizations. In F. Beich (Ed.), Pfeiffer 2004 annuals (Consulting, Vol. Two, pp. 227–239). San Francisco: Jossey-Bass, Wiley.

    Google Scholar 

  • Pio, E. (2010). Islamic sisters. Equality Diversity and Inclusion: An International Journal, 29(1), 113–136.

    Article  Google Scholar 

  • Pistrui, D. (2005, April 15–21). Wealth generation. Middle East Economic Digest, 19(15), 15.

    Google Scholar 

  • Pistrui, D., & Fahed-Sreih, J. (2010). Islam, entrepreneurship and business values in the Middle East. International Journal of Entrepreneurship and Innovation Management, 12(1), 107–118.

    Article  Google Scholar 

  • Ramadani, V., Dana, L. P., Ratten, V., & Tahiri, S. (2015). The context of Islamic entrepreneurship and business: Concept, principles and perspectives. International Journal of Business and Globalisation, 15(3), 244–261.

    Article  Google Scholar 

  • Rice, G. (1999). Islamic ethics and implications for business. Journal of Business Ethics, 4(2), 345–358.

    Article  Google Scholar 

  • Rinallo, D., Scott, L., & MacLaran, P. (2013). Consumption and spirituality. New York, NY: Routledge.

    Google Scholar 

  • Roomi, M. A., & Harrison, P. (2010). Behind the veil: Women-only entrepreneurship training in Pakistan. International Journal of Gender and Entrepreneurship, 2(2), 150–172.

    Article  Google Scholar 

  • Steingard, D. S. (2005). Spirituality-informed management theory: Toward profound possibilities for inquiry and transformation. Journal of Management Inquiry, 14(3), 227–241.

    Article  Google Scholar 

  • Stulz, R. M., & Williamson, R. (2003). Culture, openness and finance. Journal of Financial Economics, 70, 313–349.

    Article  Google Scholar 

  • Tang, T. L. P., & Ibrahim, A. H. S. (1998). Antecedents of organizational citizenship behaviour revisited: Public personnel in the United States and in the Middle East. Public Personnel Management, 27(4), 529–550.

    Article  Google Scholar 

  • Tracey, P. (2012). Religion and organization: A critical review of current trends and future directions. The Academy of Management Annals, 6(1), 87–134.

    Article  Google Scholar 

  • Usmani, M. T. (2001). An introduction to Islamic finance. The Hague: Kluwer Law International.

    Google Scholar 

  • Vega, G. (2002). Wet sneakers, bottom lines and other obstacles to spirituality. Teaching Business Ethics, 6(1), 5–14.

    Article  Google Scholar 

  • Weber, M. (1930). The protestant ethic and the spirit of capitalism. New York, NY: Charles Scribners Sons.

    Google Scholar 

  • Woodrum, E. M. (1985). Religion and economics among Japanese Americans: A Weberian study. Social Forces, 64, 191–204.

    Article  Google Scholar 

  • Zakaria, Y. (2001). Entrepreneurs at home: Secluded Muslim women and hidden economic activities in Northern Nigeria. Nordic Journal of African Studies, 10(1), 107–123.

    Google Scholar 

Download references

Author information

Authors and Affiliations

  1. La Trobe Business University, Melbourne, VIC, Australia

    Vanessa Ratten

  2. South-East European University, Tetovo, Macedonia

    Veland Ramadani

  3. Montpellier Business School, Montpellier, France

    Léo-Paul Dana

  4. American University of Middle East, Egaila, Kuwait

    Shqipe Gërguri-Rashiti

Authors
  1. Vanessa Ratten
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Veland Ramadani
    View author publications

    You can also search for this author in PubMed Google Scholar

  3. Léo-Paul Dana
    View author publications

    You can also search for this author in PubMed Google Scholar

  4. Shqipe Gërguri-Rashiti
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to Veland Ramadani .

Editor information

Editors and Affiliations

  1. South-East European University, Tetovo, Macedonia

    Veland Ramadani

  2. Montpellier Business School, Montpellier, France

    Léo-Paul Dana

  3. American University of Middle-East, Egaila, Kuwait

    Shqipe Gërguri-Rashiti

  4. La Trobe Business University, Melbourne, Victoria, Australia

    Vanessa Ratten

Rights and permissions

Reprints and permissions

Copyright information

© 2017 Springer International Publishing Switzerland

About this chapter

Cite this chapter

Ratten, V., Ramadani, V., Dana, LP., Gërguri-Rashiti, S. (2017). Islamic Entrepreneurship and Management: Future Research Directions. In: Ramadani, V., Dana, LP., Gërguri-Rashiti, S., Ratten, V. (eds) Entrepreneurship and Management in an Islamic Context. Springer, Cham. https://doi.org/10.1007/978-3-319-39679-8_14

Download citation

Publish with us

Policies and ethics

Search

Navigation