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Proposing A Model For Entrepreneurship Development: The Role Of Entrepreneurs’ Cash Waqf Intention

Author

Listed:
  • Sherifah Oshioke Musa

    (International Islamic University Malaysia)

  • Marhanum Che Mohd Salleh

    (International Islamic University Malaysia)

Abstract

This paper aims to propose a model of entrepreneurship development by focusing on the role of cash waqf intention as a mediator on the relationship of cash waqf awareness, religiosity, attitude towards act, subjective norms, perceived behavioral and entrepreneurship development. By enhancing the theory of planned behavior, a structured question was designed to survey 459 Nigerian entrepreneurs. SEM analysis was used to test the theoretical framework and to propose a model of entrepreneurship development in Nigeria by means of Waqf. Result shows that the most important variables to explain entrepreneurs’ cash waqf intention for business growth are cash waqf awareness and attitude towards cash waqf. It is argued in this research that the presence of high level of cash waqf awareness and the attitude towards cash waqf can play an important role in achieving business growth. The paper extends the applicability of the theory of planned behavior, cash waqf awareness and religiosity in investigating the effect of cash waqf intention for business development.

Suggested Citation

  • Sherifah Oshioke Musa & Marhanum Che Mohd Salleh, 2018. "Proposing A Model For Entrepreneurship Development: The Role Of Entrepreneurs’ Cash Waqf Intention," Journal of Islamic Monetary Economics and Finance, Bank Indonesia, vol. 4(1), pages 183-204, August.
    • Handle: RePEc:idn:jimfjn:v:4:y:2018:i:1j:p:183-204
    DOI: https://doi.org/10.21098/jimf.v4i1.764
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    References listed on IDEAS

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    1. Magda Ismail Abdel Mohsin, 2013. "Financing through cash-waqf: a revitalization to finance different needs," International Journal of Islamic and Middle Eastern Finance and Management, Emerald Group Publishing Limited, vol. 6(4), pages 304-321, November.
    2. Acs, Zoltan & Virgill, Nicola, 2010. "Entrepreneurship in Developing Countries," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 6(1), pages 1-68, February.
    3. Magda Ismail Abdel Mohsin, 2013. "Financing through cash-waqf: a revitalization to finance different needs," International Journal of Islamic and Middle Eastern Finance and Management, Emerald Group Publishing Limited, vol. 6(4), pages 304-321, November.
    4. Lee, Chang Hwan & Rhee, Byong-Duk, 2011. "Trade credit for supply chain coordination," European Journal of Operational Research, Elsevier, vol. 214(1), pages 136-146, October.
    5. Magda Ismail Abdel Mohsin, 2013. "Financing through cash-waqf: a revitalization to finance different needs," International Journal of Islamic and Middle Eastern Finance and Management, Emerald Group Publishing Limited, vol. 6(4), pages 304-321, November.
    Full references (including those not matched with items on IDEAS)

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    Keywords

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    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • G41 - Financial Economics - - Behavioral Finance - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making in Financial Markets
    • L31 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Nonprofit Institutions; NGOs; Social Entrepreneurship

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