IDEAS home Printed from https://ideas.repec.org/a/rbs/ijbrss/v5y2016i3p95-110.html
   My bibliography  Save this article

Relationship between the Islamic Work Ethic and the Love of Money

Author

Listed:
  • Faruk Kerem Senturk

    (Duzce University, Faculty of Business, Duzce, Turkey)

  • Mehmet Bayirli

    (Alanya Alaaddin Keykubat University, Faculty of Business, Antalya, Turkey)

Abstract

This study aims to determine the relationship between Islamic work ethics and the love of money, and was carried out with the participation of 500 tradesmen working in the Alanya district centre. It was determined from the research that there are positively significant correlations between the good, budget and power-success dimensions of the love of money and Islamic work ethic while no significant relationship was found with the evil dimension of the love of money. Furthermore, it was revealed that the perception of the Islamic work ethic changes according to marital status and the level of income. Key Words: Islamic Work Ethic, Money Ethic, Love of Money

Suggested Citation

  • Faruk Kerem Senturk & Mehmet Bayirli, 2016. "Relationship between the Islamic Work Ethic and the Love of Money," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 5(3), pages 95-110, April.
    • Handle: RePEc:rbs:ijbrss:v:5:y:2016:i:3:p:95-110
    as

    Download full text from publisher

    File URL: http://www.ssbfnet.com/ojs/index.php/ijrbs/article/view/110/114
    Download Restriction: no
    File URL: http://www.ssbfnet.com/ojs/index.php/ijrbs/article/view/110
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Muhammad Farrukh & Sonia Butt & Shaheen Mansori, 2015. "Innovation capability: The role of Islamic work ethics," Journal of Asian Business Strategy, Asian Economic and Social Society, vol. 5(7), pages 125-131, July.
    2. Abeng, Tanri, 1997. "Business Ethics in Islamic Context: Perspectives of a Muslim Business Leader," Business Ethics Quarterly, Cambridge University Press, vol. 7(3), pages 47-54, July.
    3. Muhammad Farrukh & Sonia Butt & Shaheen Mansori, 2015. "Innovation Capability: The Role of Islamic Work Ethics," Journal of Asian Business Strategy, Asian Economic and Social Society, vol. 5(7), pages 125-131.
    4. Belk, Russell W. & Wallendorf, Melanie, 1990. "The sacred meanings of money," Journal of Economic Psychology, Elsevier, vol. 11(1), pages 35-67, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Firman Jatnika & Nury Effendi & Erie Febrian & Mokhamad Anwar, 2019. "Determinants of Business Models Innovation of Islamic Bank in Indonesia," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 64-82.
    2. Olanrewaju Kareem & Adi Anuar bin Azmin & Tunku Salha binti Tunku Ahmad, 2018. "The Influence of Islamic Work Ethics on the Magnitude of Organizational Culture’s Effect on SME Performance in Nigeria: A Conceptual Framework," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 8(4), pages 11-23, April.
    3. Lilis Sulastri, 2019. "Islamic Work Ethic In Islamic College In Indonesia: The Role Of Intrinsic Motivation, Organizational Culture And Performance," Proceedings of Business and Management Conferences 8612095, International Institute of Social and Economic Sciences.
    4. Al-Shamali, Ahmed & Irani, Zahir & Haffar, Mohamed & Al-Shamali, Sarah & Al-Shamali, Fahad, 2021. "The influence of Islamic Work Ethic on employees’ responses to change in Kuwaiti Islamic banks," International Business Review, Elsevier, vol. 30(5).
    5. Venkatraman, Shriram & Reddy, P. Govinda, 2021. "Cashlessness and scalable multi-pay practices: Capturing the everyday financial transactions in local contexts," Telecommunications Policy, Elsevier, vol. 45(5).
    6. Farida Mohammed Shehu & Al-Hasan Al-Aidaros, 2015. "A Proposed Framework on the Relationship between Islamic Microfinance Related Factors and Women Entrepreneurs Business Performance in Nigeria," Journal of Education and Vocational Research, AMH International, vol. 6(4), pages 38-44.
    7. Ismail, Abdul Ghafar & Zali, Nor Azmidah, 2015. "Ethics in Relation to Islamic Finance Activities," Working Papers 1435-7, The Islamic Research and Teaching Institute (IRTI).
    8. Karin Brondino-Pompeo, 2021. "Mapping spheres of exchange: a multidimensional approach to commoditization and singularization," AMS Review, Springer;Academy of Marketing Science, vol. 11(1), pages 81-95, June.
    9. Montford, William J. & Leary, R. Bret & Nagel, Duane M., 2019. "The impact of implicit self-theories and loss salience on financial risk," Journal of Business Research, Elsevier, vol. 99(C), pages 1-11.
    10. Shamas-ur-Rehman Toor & George Ofori, 2009. "Ethical Leadership: Examining the Relationships with Full Range Leadership Model, Employee Outcomes, and Organizational Culture," Journal of Business Ethics, Springer, vol. 90(4), pages 533-547, December.
    11. Gordon Menzies & Donald Hay & Thomas Simpson & David Vines, 2019. "Restoring Trust in Finance: From Principal–Agent to Principled Agent," The Economic Record, The Economic Society of Australia, vol. 95(311), pages 497-509, December.
    12. Gasiorowska, Agata, 2008. "Różnice indywidualne jako determinanty postaw wobec pieniędzy [Individual differences as determinants of money attitudes]," MPRA Paper 42684, University Library of Munich, Germany.
    13. Khurram Khan & Muhammad Abbas & Asma Gul & Usman Raja, 2015. "Organizational Justice and Job Outcomes: Moderating Role of Islamic Work Ethic," Journal of Business Ethics, Springer, vol. 126(2), pages 235-246, January.
    14. Lim, Vivien K. G. & Teo, Thompson S. H., 1997. "Sex, money and financial hardship: An empirical study of attitudes towards money among undergraduates in Singapore," Journal of Economic Psychology, Elsevier, vol. 18(4), pages 369-386, June.
    15. Sakinah Mat Zin & Ahmad Azrin Adnan & Iskandar Hasan Abdullah, 2017. "Intellectual Capital: How Do Islamic Ethics Rejuvenate It?," Asian Social Science, Canadian Center of Science and Education, vol. 13(3), pages 1-70, March.
    16. Gusti O. Widana & Sudarso K. Wirjono & Mustika S. Purwanegara & Mohamad Toha, 2015. "The Role of Business Ethics in the Relationship between Market Orientation and Business performance," International Journal of Finance & Banking Studies, Center for the Strategic Studies in Business and Finance, vol. 4(1), pages 95-111, January.
    17. McIntyre, Charles, 2011. "News from somewhere: The poetics of Baby Boomer and Generation Y music consumers in tracking a retail revolution," Journal of Retailing and Consumer Services, Elsevier, vol. 18(2), pages 141-151.
    18. Gasiorowska, Agata & Zaleskiewicz, Tomasz & Wygrab, Sandra, 2012. "Would you do something for me? The effects of money activation on social preferences and social behavior in young children," Journal of Economic Psychology, Elsevier, vol. 33(3), pages 603-608.
    19. Gusti Oka Widana, 2021. "The measurement model of Islamic work ethics for Muslim employees in the banking industry," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 10(5), pages 66-71, July.
    20. Belk, Russell & Humayun, Mariam & Brouard, Myriam, 2022. "Money, possessions, and ownership in the Metaverse: NFTs, cryptocurrencies, Web3 and Wild Markets," Journal of Business Research, Elsevier, vol. 153(C), pages 198-205.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rbs:ijbrss:v:5:y:2016:i:3:p:95-110. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Umit Hacioglu (email available below). General contact details of provider: https://edirc.repec.org/data/ssbffea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.