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.

Highlights

  • Muslim entrepreneurs in Malaysia should be a role model for the rest of the world to emulate

  • The finding of the present study has proven the important factor of religiosity on profitability

  • The negative relationship between religiosity and profitability may imply that religious person may have some constraint in business where they may be very particular in Islamic business principles especially involving halal and haram transactions

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Summary

Introduction

Muslim entrepreneurs in Malaysia should be a role model for the rest of the world to emulate. In order to materialize they should make amendments that eventually portray real Muslim business ethics. By doing this the Malays can bring back their credibility, integrity and image of a respected Ummah. The Malays can bring back their credibility, integrity and image of a respected Ummah They remain stagnant as in the previous stage otherwise. Islam has encouraged all Muslims to indulge themselves in business. This is reminded in one Hadith by Muslim, when interpreted means 9 out of 10 sources of income come from business operations

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