Shariah Compliant International Entrepreneurship: A Study of Islamic Finance in Europe

Authors

DOI:

https://doi.org/10.13135/2421-2172/2328

Keywords:

International Entrepreneurship, Islamic Finance, Shariah, Entrepreneurship, Internationalization

Abstract

Islam is the second largest religion in the world. Muslims are the target of most of the homeland and foreign businesses in their market. Islamic finance is also is an international solution to promote the entrepreneurship. The objective of this paper is to explore the international entrepreneurship from Islamic view. This study argues shariah-compliant entrepreneurship in international context. For doing so, we explore entrepreneurship in Islam, offer potential opportunities for conducting Islamic-oriented business and investigate the performance European countries in Islamic finance and entrepreneurship.

Author Biography

Vahid Jafari Sadeghi, University of Turin

Vahid Jafari Sadeghi is a Ph.D. candidate involved in the Business and Management program at the University of Turin, Italy. He has published papers in a several international journals and publications. His research interests are international entrepreneurship, innovation, gender and entrepreneurship, internationalization and globalization and international business and trade. Vahid is member of editorial board/ reviewer of scientific journals such as International Journal of Business and Management (IJBM) etc.

References

L. P. Dana, R. T. Hamilton, and K. Wick, “Deciding to export: An exploratory study of Singaporean entrepreneurs,” J. Int. Entrep., vol. 7, no. 2, pp. 79–87, 2009.

S. A. Zahra, L. R. Newey, and Y. Li, “On the frontiers: The implications of social entrepreneurship for international entrepreneurship,” Entrep. Theory Pract., vol. 38, no. 1, pp. 137–158, 2014.

H. Etemad and Y. Lee, “The Knowledge Network of International Entrepreneurship: Theory and Evidence,” Small Bus. Econ., vol. 20, no. 1, pp. 5–23, 2003.

P. Dimitratos, T. Buck, M. Fletcher, and N. Li, “The motivation of international entrepreneurship: The case of Chinese transnational entrepreneurs,” Int. Bus. Rev., vol. 25, no. 2015, pp. 1–11, 2016.

C. Glavas and S. Mathews, “How international entrepreneurship characteristics influence Internet capabilities for the international business processes of the firm,” Int. Bus. Rev., vol. 23, no. 1, pp. 228–245, 2014.

S. Fernhaber, B. A. Gilbert, and P. McDougall, “International entrepreneurship and geographic location: an empirical examination of new venture internationalization,” J. Int. Bus. Stud., vol. 39, no. 2, pp. 267–290, 2007.

S. Andersson, “The Entrepreneurs Influence on firm’s international strategy,” Entrep. Innov. large small Bus. Mark. track, pp. 919–927, 2003.

P. P. McDougall, B. M. Oviatt, and R. C. Shrader, “A Comparison of International and Domestic New Ventures,” J. Int. Entrep., vol. 1, no. 1, pp. 59–82, 2003.

V. Jafari Sadeghi and P. Pietro Biancone, “How micro, small and medium-sized enterprises are driven outward the superior international trade performance? A multidimensional study on Italian food sector,” Reaserch Bus. Financ., 2017.

P. Mcdougall-Covin, M. V. Jones, and M. G. Serapio, “High-Potential Concepts, Phenomena, and Theories for the Advancement of International Entrepreneurship Research,” Entrep. Theory Pract., vol. 38, no. 1, pp. 1–10, 2014.

V. Ramadani, L.-P. Dana, V. Ratten, and S. Tahiri, “The context of Islamic entrepreneurship and business: concept, principles and perspectives,” Int. J. Bus. Glob., Sep. 2015.

H. Kabir, “Entrepreneurship, Islamic Finance and SME Financing Lecture by Professor Dr M. Kabir Hassan, IFSB 7th PUBLIC LECTURE ON FINANCIAL POLICY AND STABILITY, 2015.,” 2015. .

P. Pietro Biancone and M. Radwan, “Sharia Compliant ‘ Possibility for Italian SMEs ,’” Eur. J. Islam. Financ., vol. 1, pp. 1–10, 2014.

OECD, Removing barriers to SME access to international markets. OECD Publishing, 2008.

S. a. Zahra and G. George, “International entrepreneurship: The current status of the field and future research agenda,” Hitt, M.A., Ireland, R.D., Camp, S.M. Sexton, D.L. (eds), Strateg. Entrep. Creat. a New Mindset. Oxford Blackwell, pp. 255–288, 2002.

J. Johanson and J.-E. Vahlne, “the Internationalization Process of a Firm - a Model of Knowledge Foreign and Increasing Market Commitments,” J. Int. Bus. Stud., vol. 8, no. 1, pp. 23–32, 1977.

J. J. Ferreira, C. I. Fernandes, and V. Ratten, “International entrepreneurship research: mapping and cognitive structures,” Int. J. Entrep. Small Bus., vol. 30, no. 4, pp. 545–566, 2017.

B. M. Oviatt and P. P. McDougall, “Toward a theory of international new ventures,” J. Int. Bus. Stud., vol. 25, no. 1, pp. 45–64, 1994.

P. P. McDougall, S. Shane, and B. M. Oviatt, “Explaining the formation of international new ventures: The limits of theories from international business research,” J. Bus. Ventur., vol. 9, no. 6, pp. 469–487, 1994.

J.-F. Hennart, “The accidental internationalists: a theory of born globals,” Entrep. Theory Pract., vol. 38, no. 1, pp. 117–135, 2014.

C. W. L. Hill, Global business today. Irwin-McGraw (New York), 2008.

J. B. Cullen and P. Parboteeah, Multinational management a strategic approach, 4th ed. Mason, OH Thomson/South-Western Pub, 2008.

T. M. Ludwig, “The sacred paths.” Upper Saddle River, NJ: Prentice Hall, 2001.

N. S. Vargas-hernández, José, Mohammad Reza Noruzi, “An Exploration of the Affects of Islamic Culture on Entrepreneurial Behaviors in Muslim Countries,” Asian Soc. Sci., vol. 6, no. 5, pp. 120–128, 2010.

D. A. Yousef, “Organizational commitment as a mediator of the relationship between Islamic work ethic and attitudes toward organizational change,” Hum. Relations, vol. 53, no. 4, pp. 513–537, 2000.

M. Kriger and Y. Seng, “Leadership with inner meaning: A contingency theory of leadership based on the worldviews of five religions,” Leadersh. Q., vol. 16, no. 5, pp. 771–806, 2005.

D. A. Yousef, “Islamic work ethic--A moderator between organizational commitment and job satisfaction in a cross-cultural context,” Pers. Rev., vol. 30, no. 2, pp. 152–169, 2001.

K. P. Parboteeah, Y. Paik, and J. B. Cullen, “Religious Groups and Work Values,” Int. J. Cross Cult. Manag., vol. 9, no. 1, pp. 51–67, 2009.

A. G. Ismail, “Paradigm Shift from Capitalism to Islamic Economics,” Work Pap. Univ. Kebangs. Malaysia, 2006.

P. Pietro Biancone and M. Radwan, “European companies: Evaluation for sharia compliance ‘opportunities and challenges,’” Eur. J. Islam. Financ., vol. 5, pp. 1–8, 2016.

F. Maruf Ullah, Mahmud, T. B. , & Yousuf, “Women Entrepreneurship: Islamic Perspective,” Eur. J. Bus. Manag., vol. 5, no. 11, pp. 44–52, 2013.

A. A. Gümüsay, “Entrepreneurship from an Islamic Perspective,” J. Bus. Ethics, vol. 130, no. 1, pp. 199–208, 2015.

Http://www.dinarstandard.com/, “Website.”

F. Di Mauro et al., “Islamic Finance in Europe,” Occas. Pap. Ser., vol. 146, pp. 1–74, 2013.

M. Radwan and M. Z. Shakatreh, “Halal food: a challenge for italian food and beverage industry,” in FOOD & HERITAGE Sostenibilità economico - Aziendale e valorizzazione del territorio, G. Giappichelli, Ed. 2015, pp. 179–196.

“Website,” http://www.halalitaly.net. .

“Website,” Http://fortune.com. .

“Website,” http://halalfocus.net. .

M. S. Oukil, “Entrepreneurship and entrepreneurs in an Islamic context,” J. Islam. Hum. Adv. Res., vol. 3, no. 3, pp. 111–131, 2013.

Downloads

Published

2017-12-01

How to Cite

Jafari Sadeghi, V., & Biancone, P. P. (2017). Shariah Compliant International Entrepreneurship: A Study of Islamic Finance in Europe. European Journal of Islamic Finance, (8). https://doi.org/10.13135/2421-2172/2328

Most read articles by the same author(s)

Similar Articles

<< < 5 6 7 8 9 10 11 12 13 14 > >> 

You may also start an advanced similarity search for this article.