Whether Religiousness and Intrinsic and Extrinsic Values Matter the Most to Muslim Entrepreneurs: A Case Study

Abstract

Islam is a religion that guides people in every aspect of life. This involves guiding Muslims to do business in a manner that is blessed (barakah). Thereafter, Muslim entrepreneurs would be able to become a role model to the non-Muslims not only on the aspects of business dealing, but also principles that lead to business success. However, despite guiding Muslims on how to operate business the Islamic way, not many Muslims turned out to be successful as they should be. Were they not practicing enough Islam that resulted in poor business performance? For the purpose of analysis, 110 data were obtained from an entrepreneurship program held in Kuala Lumpur, Malaysia The aim was to investigate the impact of religiousness and personal values on business performance. Multiple regression analysis was conducted to fulfill the objectives of the study. The analysis generated an unexpected outcome. Religiousness was inversely related to business performance. Intrinsic and extrinsic values were not significantly related to business performance; hence did not support the findings of previous studies. Justification for the unexpected results and recommendation for future research were also discussed in the paper.

Systematic Literature Review on Halal Label Studies of Halal Tourism

“…The halal tourism theory and technology acceptance model (TAM) found only one study on halal labels on halal tourism. Business Performance [68], [59], [60], [61], [62], [63] The choice of tourist destinations can be influenced by age, where older people pay attention to the availability of Islamic attributes in tourism, in contrast to young people who pay less attention to the existence of halal products and facilities in tourist places [64]. This data shows that halal hospitality in Islamic attributes in halal tourism is considered for a Muslim tourist to determine his tourist destination [67].…”