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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
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    References listed on IDEAS

    as
    1. Abeng, Tanri, 1997. "Business Ethics in Islamic Context: Perspectives of a Muslim Business Leader," Business Ethics Quarterly, Cambridge University Press, vol. 7(03), pages 47-54, July.
    2. Smith, Adam, 1776. "An Inquiry into the Nature and Causes of the Wealth of Nations," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number smith1776.
    3. Belk, Russell W. & Wallendorf, Melanie, 1990. "The sacred meanings of money," Journal of Economic Psychology, Elsevier, vol. 11(1), pages 35-67, March.
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