Relationship between the Islamic Work Ethic and the Love of Money

  • Faruk Kerem Senturk
  • Mehmet Bayirli
Keywords: Islamic Work Ethic, Money Ethic, Love of Money

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. 

References

Abbasi, A.S., Mir, G.M. & Hussain, M. (2012). Islamic Work Ethics: How it Affects Organizational Learning, Innovation and Performance, Actual Problems of Economics, (12), 138.

Abdullah, Z., Ali, S.H.S. & Jusoh, A.S. (2014). Analyzing Issue of Organizational Commitment: Determining Mediating Factor of Islamic Work Ethic, Journal of Applied Environmental and Biological Sciences, 4(5S), 32-40.

Abeng, T. (1997). Business Ethics in Islamic Context: Perspectives of a Muslim Business Leader, Business Ethics Quarterly, 7(3), 47-54.

Abu-Saad, I. (2003). The Work Values of Arab Teachers in Israel in a Multicultural Context, Journal of Beliefs&Values, 24(1), 39-51, DOI: 10.1080/1361767032000052980

Ahmad, K. (1976). Islam: Its Meaning and Message, Islamic Council of Europe: London.

Albayrak, A.S. (2006). Uygulamalı Çok Değişkenli İstatistik Teknikleri, Asil: Ankara.

Alhabshi, S.O. & Ghazali, A.H. (1994). Islamic Values and Management, Institute of Islamic Understanding Malaysia: Malaysia.

Ali, A.J. (1988). Scaling an Islamic work ethic, Journal of Social Psychology, 128(5), 575-83, DOI: 10.1080/00224545.1988.9922911

Ali, A.J. (1989). A comparative study of managerial beliefs about work in the Arab states, Advances in International Comparative Management, (4), 95-112.

Ali, A.J. (1992). Islamic work ethic in Arabia, Journal of Psychology, 126(5), 507-20, DOI:10.1080/00223980.1992.10543384

Ali, A.J. & Azim, A. (1994). Islamic work ethic and organization in development. Paper presented at 23rd International Congress of Applied Psychology, Madrid, Spain.

Ali, A.J. & Al-Kazemi, A. (2007). Managerial problems in Kuwait, The Journal of Management Development, 21(5), 366-375, DOI: 10.1108/02621710210426853

Ali, A.J. & Al-Owaihan, A. (2008). Islamic work ethic: a critical review, Cross Cultural Management: An International Journal, 15(1), 5-19, DOI: 10.1108/13527600810848791

Awan, K.Z. & Akram, M. (2012). The Relationship between Islamic Work Ethics And Innovation Capability And Knowledge Sharing Plays Moderation Role, International Journal of Economics and Management Sciences, 1(8), 34-48.

Balkır, G. (2005). İşverenin Yönetim Hakkının Kullanılmasında Etik Sınırlar, 2.Siyasette ve Yönetimde Etik Sempozyumu Bildirisi, http://www.etiksempozyumu.sakarya.edu.tr/etik/2.2/Balkir.pdf, (16.03.2013).

Beekun, R.I. & Badawi, J.A. (2004). Leadership: An Islamic Perspective, Amana: Beltsville.

Belk, R.W. & Wallendorf, M. (1990). The sacred meanings of money, Journal of Economic Psychology, 11(1), 35-67, DOI: 10.1016/0167-4870(90)90046-C

Bukhari. (2008). Sahih-i Buhari Tercüme ve Şerhi, Sağlam: Istanbul.

Burggraeve, R. (1995). The Ethical Meaning of Money in the Thought of Emmanuel Levinas, Ethical Perspectives, 2(1), 11-16.

Chapra, M.U. (1992). Islam and the Economic Challenge, International Institute of Islamic Thought, Herndon: VA.

Chanzanagh, H.E. & Akbarnejad M. (2011). The meaning and dimensions of Islamic work ethic: initial validation of a multidimensional IWE in Iranian society, Procedia - Social and Behavioral Sciences, (30), 916-924, DOI:10.1016/j.sbspro.2011.10.178

Fank, M. (1994). The development of a money-handling inventory, Personality and Individual Differences, 17(1), 147-151, DOI:10.1016/0191-8869(94)90273-9

Farrukh, M., Butt, S. & Mansori, S. (2015). Innovation Capability: The Role of Islamic Work Ethics, Journal of Asian Business Strategy, 5(7), 125-131.

Farsi, J.Y., Rodgarnezhad, F. & Anbardan, Y.Z. (2015). Investigating the Relationship between Islamic Work Ethics and Organizational Commitment and Its Components A Case Study of Gilan Province Police Employees, Journal UMP Social Sciences and Technology Management, 3(2), 238-244.

Furnham, A. (1984). Many sides of the coin: The psychology of money usage, Personality and Individual Difference, (5), 501-509, DOI:10.1016/0191-8869(84)90025-4.

Furnham, A. & Argyle, M. (1998). The psychology of money, London: Routledge.

Furnham, A. (2005). The psychology of behavior at work: The individual in the organization, Psychology Press.

Furnham, A., Trickey, G. & Hyde, G. (2012). Bright aspects to dark side traits: Dark side traits associated with work success, Personality and Individual Differences, 52(8), 908-913, DOI: 10.1016/j.paid.2012.01.025.

Goldberg, H. & Lewis, R.T. (1978). Money Madness: The Psychology of Saving, Spending, Loving, and Hating Money, New York: New American Library.

Gül, A.R. (2010). İslam İktisat Düşüncesinin Kuran’daki Temelleri. Sosyal Piyasa Ekonomisi ve İslam’daki Algılanışı, Eylül.

Haider, A. & Nadeem, S. (2014). The Relationship between Emotional Intelligence (EI) And Organizational Citizenship Behavior (OCB): The Moderating Role Of Islamic Work Ethics (IWE)’, ASEAN Journal of Psychiatry, 16(1), 95-105.

Haroon, M., Fakhar Zaman, H.M. & Rehman, W. (2012). The relationship between Islamic Work Ethics and job satisfaction in healthcare sector of Pakistan’, International Journal of Contemporary Business Studies, 3(5), 6-12.

Hayati, K. & Caniago, I. (2012). Islamic Work Ethic: The Role of Intrinsic Motivation, Job Satisfaction, Organizational Commitment and Job Performance, Procedia - Social and Behavioral Sciences, (65), 1102-1106, DOI:10.1016/j.sbspro.2012.11.122

Imam, A., Abbasi, A.S. & Muneer, S. (2015). Employee Performance from the Lens of Islamic Work Ethics: Mediating Role of Personality X and Y, Science International, 27(1), 415-422.

Kayış, A. (2010). Güvenilirlik Analizi. Şeref Kalaycı (Ed.), SPPS Uygulamalı Çok Değişkenli İstatistik Teknikleri, 5th Edtion, Asil: Ankara.

Khalil, M. & Abu-Saad, I. (2009). Islamic work ethic among Arab college students in Israel, Cross Cultural Managament: An International Journal, 16(4), 333-346, DOI: 10.1108/13527600911000320

Khan, A.S. & Rasheed, F. (2015). Human resource management practices and project success, a moderating role of Islamic Work Ethics in Pakistani project-based organizations, International Journal of Project Management, 33(2), 435-445, DOI:10.1016/j.ijproman.2014.08.006

Kılıç, İ. & Ural, A. (2005). Bilimsel Araştırma Süreci ve SPSS ile Veri Analizi. Detay: Ankara.

Kumar, N. & Che Rose, R. (2009). Examining the link between Islamic work ethic and innovation capability, Journal of Management Development, 29(1), 79-93, DOI: 10.1108/02621711011009081

Lawler, E.E. (1971). Pay and organizational effectiveness: A psychological view. New York: McGraw-Hill.

Lemrova, S., Relterovai E., Fatenova, R., Lemr, K. & Tang, T.L.P. (2013). Money is Power: Monetary Intelligence—Love of Money and Temptation of Materialism Among Czech University Students, Journal of Business Ethics, 117(2), 1-20, DOI: 10.1007/s10551-013-1915-8

Mansor, N. & Ali, M.A.M. (1998). An exploratory study of organizational flexibility in Malaysia: A research note, International Journal of Human Resource Management, 9(9), 506-515, DOI:10.1080/095851998341044

Marri, M.Y.K., Sadozai, A.M., Zaman, H.M.F. & Ramay, M.I. (2012). The impact of Islamic work ethics on job satisfaction and organizational commitment: A study of agriculture sector of Pakistan, International Journal of Business and Behavioral Sciences, 2(12), 32-45.

Maslow, A.H. (1954). Motivation and Personality, New York: Harper.

Milkovich, G.T. & Newman, J.M. (1999). Compensation, 6th Edition, Boston: Irwin/McGraw-Hill.

Mitchell, T.R. & Mickel, A.E. (1999). The meaning of money: An individual-difference perspective’, Academy of management review, 24(3), 568-578, DOI: 10.2307/259143

Mookerjea, S. & Mukerjee, S. (1951). Personal Freedom in A Planned Society. The Indian Journal of Political Science, 12(4), 41-46.

Nicholson, N. & de Waal‐Andrews, W. (2005). Playing to win: Biological imperatives, self‐regulation, and trade-offs in the game of career success, Journal of Organizational Behavior, 26(2), 137-154, DOI: 10.1002/job.295

Primeaux, P. & Stieber, J. (1994). Profit Maximization: The Ethical Mandate of Business, Journal of Business Ethics, 13(4), 287-294, 10.1007/BF00871675

Rice, G. (1999). Islamic ethics and the implication for business, Journal of Business Ethics, 18(4), 345-358, 10.1023/A:1005711414306

Roberts, J.A., Coulson, K.R. & Chonko, L.B. (1999). Salesperson perceptions of equity and justice and their impact on organizational commitment and intent to turnover, Journal of Marketing Theory and Practice, 7(1), 1-16, DOI:10.1080/10696679.1999.11501815

Rokhman, W. (2010). The Effect of Islamic Work Ethics on Work Outcomes, Electronic Journal of Business Ethics and Organization Studies, 15(1), 21-27

Rubenstein, C. (1981). Money and self-esteem, relationships, secrecy, envy, satisfaction, Psychology Today, 15(5), 29-44.

Smith, A. (1776/1937). An inquiry into the nature and causes of the wealth of nations, New York: Modern Library (Original work published 1776).

Tabachnick, B.G. & Fidell, L.S. (2007). Using Multivariate Statistics, 5th. Edition, Pearson International Edition: USA, Boston.

Tang, T.L.P. & Baumeister, R.F. (1984). Effects of personal values, perceived surveillance, and task labels on task preference: The ideology of turning play into work, Journal of Applied Psychology, 69(1), 99–105.

Tang, T.L.P. (1992). The meaning of money revisited, Journal of Organizational Behavior, 13(2), 197-202, DOI: 10.1002/job.4030130209

Tang, T.L.P. (1993). The meaning of money: Extension and exploration of the Money Ethic Scale in a sample of university students in Taiwan, Journal of Organizational Behavior, 14(1), 93-99, DOI: 10.1002/job.4030140109

Tang, T.L.P. & Gilbert, P.R. (1995). Attitudes toward money as related to intrinsic and extrinsic job satisfaction, stress, and work-related attitudes, Personality and Individual Differences, 19(3), 327-332, DOI:10.1016/0191-8869(95)00057-D

Tang, T.L.P. & Kim, J.K. (1999). The meaning of money among mental health workers: the endorsement of money ethic as related to organizational citizenship behavior, job satisfaction, and commitment, Public Personnel Management, 28(1), 15-26, DOI: 10.1177/009102609902800102

Tang, T.L.P. & Chiu, R.K. (2003). Income, Money Ethic, Pay Satisfaction, Commitment, and Unethical Behavior: Is the Love of Money the Root of Evil for Hong Kong Employees?, Journal of Business Ethics, 46(1), 13–30, DOI: 10.1023/A:1024731611490

Tang, T.L.P. (2007). Income and quality of life: Does the love of money make a difference?, Journal of Business Ethics, 72(4), 375–393, DOI: 10.1007/s10551-006-9176-4

Tatzel, M. (2002). Money worlds and well-being: An integration of money dispositions, materialism and price-related behavior, Journal of Economic Psychology, 23(1), 103-126, doi:10.1016/S0167-4870(01)00069-1

Turkish Language Society (TLS), “İtidal”, http://www.tdk.gov.tr, 25.02.2016.

Yamauchi, K.T. & Templer, D.I. (1982). The development of a money attitude scale, Journal of Personality Assessment, 46(5), 522-528, DOI:10.1207/s15327752jpa4605_14

Yayla, K. (2002). Kuran’ı Kerim ve Yüce Meali, Merve: Istanbul.

Yazıcıoğlu, Y. & Erdoğan, S. (2007). SPSS Uygulamalı Bilimsel Araştırma Yöntemleri, 2nd Edition, Detay: Ankara.

Yousef, D.A. (2000). Organizational commitment as a mediator of the relationship between Islamic work ethic and attitudes toward organizational change, Human Relations, 53(4), 513-537, DOI: 10.1177/0018726700534003

Yousef, D.A. (2001). The Islamic work ethic as a mediator of the relationship between locus of control, role conflict and role ambiguity-A Study in an Islamic Country Setting, Journal of Managerial Psychology, 15(4), 283-302, DOI: 10.1108/02683940010330966

Yüksel, S. & Spence, L. (2010). Religion as a Source of Moral Energy for Turkish Entrepreneurs, The 33rd Annual ISBE Conference Looking to the Future: Economic and Social Regeneration through Entrepreneurial Activity. London. 3 - 4 November.

Wernimont, P.F. & Fitzpatrick, S. (1972). The meaning of money, Journal of Applied Psychology, 56(3), 218-226, DOI: 10.1037/h0033107

Published
2016-04-20
How to Cite
Senturk, F., & Bayirli, M. (2016). Relationship between the Islamic Work Ethic and the Love of Money. International Journal of Research in Business and Social Science (2147- 4478), 5(3), 95-110. https://doi.org/10.20525/ijrbs.v5i3.130
Section
Articles