Influence of religion and culture on investment behaviour of Muslim investors in Pakistan

Shahzad, Syed Khuram, Awan, Hayat Muhammad and Qureshi, Anum Saqib (2014) Influence of religion and culture on investment behaviour of Muslim investors in Pakistan. International Journal of Social Entrepreneurship and Innovation, 3 2: 85-105. doi:10.1504/IJSEI.2014.064823

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Author Shahzad, Syed Khuram
Awan, Hayat Muhammad
Qureshi, Anum Saqib
Title Influence of religion and culture on investment behaviour of Muslim investors in Pakistan
Journal name International Journal of Social Entrepreneurship and Innovation   Check publisher's open access policy
ISSN 2043-8265
2043-8257
Publication date 2014-09-08
Sub-type Article (original research)
DOI 10.1504/IJSEI.2014.064823
Open Access Status
Volume 3
Issue 2
Start page 85
End page 105
Total pages 21
Place of publication Olney, Bucks, United Kingdom
Publisher Inderscience Publishers
Collection year 2015
Language eng
Formatted abstract
This paper explores the impact of religious beliefs and other aspects of culture on decision-making of investors by using analytical hierarchy process (AHP). The study reveals that there is no significant relationship between the religion, values and material part of culture with the investor's decision-making. This study has practical significance for brokers, managers of banks, mutual fund, bond dealers and government saving schemes holders who are developing different plans for the investors and making policies to attract them for their investments. This study gives them the implication that by focusing on the needs and goals of investor and their behavioural decision-making is more important that have an effect on the decision-making while the religion and other aspects of culture like values and material artefact that are insignificant with the overall decision-making.
Keyword Material symbols
Analytical hierarchy process
Ethical investment
Decision making factors
Religion
Q-Index Code C1
Q-Index Status Confirmed Code
Institutional Status UQ

Document type: Journal Article
Sub-type: Article (original research)
Collections: Official 2015 Collection
UQ Business School Publications
 
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Created: Fri, 19 Sep 2014, 10:41:02 EST by Syed Khuram Shahzad on behalf of UQ Business School