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Islamic investment behaviour

Author

Listed:
  • Imran Tahir
  • Mark Brimble

Abstract

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.

Suggested Citation

  • Imran Tahir & Mark Brimble, 2011. "Islamic investment behaviour," International Journal of Islamic and Middle Eastern Finance and Management, Emerald Group Publishing Limited, vol. 4(2), pages 116-130, June.
    • Handle: RePEc:eme:imefmp:v:4:y:2011:i:2:p:116-130
    DOI: 10.1108/17538391111144515
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    Citations

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    Cited by:

    1. Shaikh, Salman, 2012. "Islamic Banking in Pakistan: A Critical Analysis," MPRA Paper 42497, University Library of Munich, Germany.
    2. Shaikh, Salman, 2013. "Economic Analysis of Islamic Banking in Pakistan," MPRA Paper 53797, University Library of Munich, Germany.
    3. Muhammad Shulthoni & Norma Md Saad & Saim Kayadibi & Muhammad Irwan Ariffin, 2018. "Waqf Fundraising Management: A Proposal For A Sustainable Finance Of The Waqf Institutions," Journal of Islamic Monetary Economics and Finance, Bank Indonesia, vol. 3(Special I), pages 153-178, May.

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