Islamic investment behaviour
View/ Open
File version
Accepted Manuscript (AM)
Author(s)
Tahir, Imran
Brimble, Mark
Griffith University Author(s)
Year published
2011
Metadata
Show full item recordAbstract
Purpose - In the past decade, there has been strong growth in Islamic finance and banking across the globe, there is little empirical evidence on the impact of religiosity on financial decisions. This paper aims to address this issue. Design/methodology/approach - This paper uses an experimental design to investigate the investment behaviours of a group of Muslims. Findings - The paper finds that Islam does influence investment behaviour, however, the degree to which it does this is influenced by the degree of religiosity of the individual. In addition, evidence is found of "Western style" wealth maximisation amongst ...
View more >Purpose - In the past decade, there has been strong growth in Islamic finance and banking across the globe, there is little empirical evidence on the impact of religiosity on financial decisions. This paper aims to address this issue. Design/methodology/approach - This paper uses an experimental design to investigate the investment behaviours of a group of Muslims. Findings - The paper finds that Islam does influence investment behaviour, however, the degree to which it does this is influenced by the degree of religiosity of the individual. In addition, evidence is found of "Western style" wealth maximisation amongst Muslim investors as well as a desire to consider sustainable investment principles in asset allocations. Research limitations/implications - These findings have implications for investors, financial advisors, and policy makers. Originality/value - The paper is original its use of the experimental design to test the impact of religiosity in the context of investment decisions by Muslims.
View less >
View more >Purpose - In the past decade, there has been strong growth in Islamic finance and banking across the globe, there is little empirical evidence on the impact of religiosity on financial decisions. This paper aims to address this issue. Design/methodology/approach - This paper uses an experimental design to investigate the investment behaviours of a group of Muslims. Findings - The paper finds that Islam does influence investment behaviour, however, the degree to which it does this is influenced by the degree of religiosity of the individual. In addition, evidence is found of "Western style" wealth maximisation amongst Muslim investors as well as a desire to consider sustainable investment principles in asset allocations. Research limitations/implications - These findings have implications for investors, financial advisors, and policy makers. Originality/value - The paper is original its use of the experimental design to test the impact of religiosity in the context of investment decisions by Muslims.
View less >
Journal Title
International Journal of Islamic and Middle Eastern Finance and Management
Volume
4
Issue
2
Copyright Statement
© 2011 Emerald. This is the author-manuscript version of this paper. Reproduced in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version.
Subject
Applied economics
Banking, finance and investment
Investment and risk management