Empowering waqf (Islamic endowment) entrepreneurs: a study of the key motivational factors underlying waqf-based entrepreneurship in Indonesia

IF 4 Q2 BUSINESS
Rindawati Maulina, Wawan Dhewanto, Taufik Faturohman, Imam Nur Azis
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引用次数: 0

Abstract

Purpose

This study aims to examine the understudied topic of Islamic entrepreneurship by adapting the framework of waqf-based entrepreneurship to identify the crucial factors driving waqf-based entrepreneurs’ motivation.

Design/methodology/approach

A partial least squares structural equation model was used to validate the hypotheses, and in-depth interviews were conducted to gain deeper insights into the findings.

Findings

The key findings revealed that self-commitment, entrepreneurial skills and family support exert a significant and positive influence on waqfpreneurs’ motivation to engage in waqf-based entrepreneurship, with self-commitment playing a mediating role between self-actualisation and waqfpreneurial motivation. Additionally, the study proposes categorisations of waqfpreneurs based on the volume of waqf funds managed; their capacity to execute waqf-based entrepreneurship; and institutional performance metrics.

Research limitations/implications

The limited sample size restricts the generalisability of the study. Future research should use a larger sample to generate more broadly applicable results. In addition, the methodology can be replicated in other countries to identify new factors influencing waqfpreneurs’ motivation or to uncover aspects not explored in this research. Future studies could also use qualitative methodologies such as grounded theory, ethnography or case studies. This would allow for a deeper exploration of motivational factors not yet captured, directly from the lived experiences of waqfpreneurs/nazhirs.

Practical implications

The study provides evidence of the key factors that influence waqf-based entrepreneurship, contributing to the literature on entrepreneurship and waqf. It also offers valuable insights for the government and other stakeholders into strategies to motivate waqf-based entrepreneurs, ultimately fostering the development of waqf assets, value creation and sustainable waqf benefit distribution.

Originality/value

The study aims to address the lack of research on Islamic entrepreneurship by specifically modifying the framework of waqf-based entrepreneurship to investigate the key factors that influence individuals’ motivation to conduct waqf-based entrepreneurship and management activities.

增强宗教基金(伊斯兰捐赠)企业家的能力:印度尼西亚基于宗教基金的创业精神的关键激励因素研究
目的 本研究旨在通过调整基于宗教基金的创业框架来研究伊斯兰创业这一未被充分研究的课题, 从而确定驱动基于宗教基金的创业者动机的关键因素。研究结果主要研究结果显示,自我承诺、创业技能和家庭支持对宗教基金企业家从事宗教基金创业的动机有显著的积极影响,而自我承诺在自我实现和宗教基金创业动机之间起着中介作用。此外,研究还根据管理的宗教基金数量、执行基于宗教基金的创业的能力以及机构绩效指标,对宗教基金企业家进行了分类。未来的研究应使用更大的样本,以得出适用范围更广的结果。此外,该方法可在其他国家复制,以确定影响宗教基金企业家动机的新因素,或揭示本研究未探讨的方面。未来的研究还可以使用定性方法,如基础理论、人种学或案例研究。本研究提供了影响基于宗教基金的创业的关键因素的证据,为有关创业和宗教基金的文献作出了贡献。该研究还为政府和其他利益相关者提供了宝贵的见解,帮助他们制定激励宗教基金创业者的战略,最终促进宗教基金资产的发展、价值创造和可持续的宗教基金利益分配。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
8.30
自引率
4.80%
发文量
34
期刊介绍: Articles should cover the key business disciplines - management, leadership, marketing, logistics, strategy, quality management, entrepreneurship, business ethics, international business, operations management, manufacturing, accounting and finance - specifically relating to experiences and reflections of interest to business and academia worldwide.
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