Religiosity and Risk-Taking: Evidence from Islam

Aldhehayan, Abdulaziz; Tamvada, Jagannadha Pawan

doi:10.51327/aglb1237

Cited by 3 publications

(1 citation statement)

References 64 publications

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“…Variations in cultural norms and gambling regulations across regions may also contribute. For instance, in areas with strict gambling laws, like many Middle Eastern countries, conducting gambling research is likely less feasible ( Aldhehayan and Tamvada, 2023 ; Zeng et al, 2023 ). Additionally, in less affluent countries, pressing issues like poverty and inadequate healthcare infrastructure are likely to take precedence.…”

Section: Discussionmentioning

confidence: 99%

The role of contextual factors in avenues to recover from gambling disorder: a scoping review

Johannessen,

Overå,

Arnevik

2024

Front. Psychol.

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IntroductionRecovery from complex conditions such as gambling disorders (GD) often entail considerable change and require a range of adaptable interventions in the health care system. Outcomes from such avenues to change are influenced by multifarious contextual factors, which are less frequently considered in treatment outcome studies. Accordingly, this scoping review aims to map the level of evidence and explore how contextual factors influence the provision and outcomes of GD interventions.MethodsA systematic search in selected health and social science research databases yielded a total of 2.464 unique references. The results were screened in three selection steps—titles (n = 2.464), abstracts (n = 284) and full-text (n = 104). The scoping approach was applied to provide a narrative account of the final included references (n = 34).Results and discussionFindings suggest that the research on GD treatment is in the early stages of development. Additionally, studies on GD interventions are characterized by cultural biases (Region and ethnicity and Gender perspectives), while three key elements are described as successful avenues to recover from GD (Competence, Perception and Utilization). In line with these findings, proposals for future research and treatment designs are made.

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Section: Discussionmentioning

confidence: 99%

The role of contextual factors in avenues to recover from gambling disorder: a scoping review

Johannessen,

Overå,

Arnevik

2024

Front. Psychol.

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The impact of Islamic religiosity on innovation propensity

Alfawzan,

Tamvada,

Aldhehayan

et al. 2024

Technological Forecasting and Social Change

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An empirical analysis of stock market participation: from an Islamic perspective

Parvin,

Panakaje,

Sheikh

et al. 2024

IMEFM

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Purpose In the verge of assessing Muslims’ participation in stock market, present study delved into evaluating the influence of Islamic religiosity (IR) on Muslim investor’s financial engagement factors with respect to stock market (i.e. financial literacy [FL], Islamic financial literacy [IFL], behavioural factors [BF], Shariah compliance [SC], technology adoption [TA] and institutional support [IS]), stock market participation (SMP) and financial well-being (FWB). Further, this study aims to examine the mediating role of IFL, TA and SMP and moderating role of IS. Design/methodology/approach Using a mixed-methods approach, a structured survey questionnaire was administered and responses have been collected from 319 Muslim investors from South India using stratified random sampling. Further, data was analysed using SPSS 20.0 and AMOS 20.0 by implementing one-way ANOVA, measurement model and structural equation model to assess the differences, mediating and moderating roles. Findings In this study, it is discovered that IR significantly impacts Muslim investor’s financial engagement factors, SMP and FWB. Further, it is explored that IFL accelerates the impact of FL and SC on SMP. The results also demonstrated the intervening role of TA in enhancing SMP through BF and the mediating role of SMP among Muslim investors with strong IR to attain and enjoy FWB. Interestingly, our study also argued that when the IS is more, the effect of IR on SMP is high. Research limitations/implications Geographical boundaries are restricted to India, where the study proposes future studies in Islamic countries to better understand the religious belief system of the investors, as SC may vary in different countries. Practical implications In accordance with the results, it is recommended that the regulatory bodies and institutions intervene, support and incorporate IFL and also provide user-friendly Tec platforms to monitor and filter stocks and financial products for SC. Social implications The present study intends to tackle the misconception of Islamic values with respect to participating in the stock market and recommends to undertake policy and regulatory framework to ensure the inclusive development of this community. Originality/value To the best of the authors’ knowledge, no studies so far have pondered on the mediating role of SMP in enhancing the effectiveness of IR on their FWB. Further, this study collectively examines the influence of IR on various financial engagement factors affecting SMP leading to FWB.

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Religiosity and Risk-Taking: Evidence from Islam

Cited by 3 publications

References 64 publications

The role of contextual factors in avenues to recover from gambling disorder: a scoping review

The role of contextual factors in avenues to recover from gambling disorder: a scoping review

The impact of Islamic religiosity on innovation propensity

An empirical analysis of stock market participation: from an Islamic perspective

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