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Entrepreneurship and Innovation in Islamic Countries


Special issue call for papers from Journal of Islamic Accounting and Business Research

Guest Editor:

Dr. Sayd Farook, Vice Chairperson, Responsible Finance Institute (RFI) Foundation and Advisor, The Executive Office, Government of Dubai, sayd.farook@rf-institute.org

Introduction

Islamic countries or specifically, the Organisation of Islamic Cooperation (OIC) Countries – collectively parts of Middle East, Central Asia, South and South East Asia and Africa need drastic and empirically grounded solutions to address some major looming changes, much of which has surfaced in serious negative externalities in recent years.

The Middle East and Africa region boast one of the world’s youngest populations, with 67% of the population under the age of 30 as compared to 48.8% in Asia and 35% in Europe. Yet, according to the IMF and ILO, the countries in the Middle East and North Africa collectively have the highest rates of unemployment including youth unemployment in the world.

Besides the tremendous political upheavals, the lack of employment opportunities is also posing administrative and socio-economic challenges for governments in those regions, who are struggling to find opportunities for employment of their youth in their government payroll. With millions unemployed and sometimes relying on welfare handouts, it places an undue burden on the entire economic system. It is expected that by 2020, between 70 and 100 million jobs will need to be created, which implies this problem is only going to exacerbate and cause further challenges for the governments and citizens of Islamic countries.

Within this context, it is the contention of many policy makers, governments and academics that the only way out of this situation for many of the Islamic countries is to either invest in large scale infrastructure projects (which fill medium term employment gaps) or facilitate the development of entrepreneurship and innovation so that the private sector can take the leadership in creating employment opportunities.
Now reaching almost 2 billion people, the Islamic world as a subject of study, is a unique set of countries with some similar characteristics, partially due to religious adherence and partially due to shared cultural affinities. A study by Pew Research Center found that 87 percent of Muslims considered religion to be very important compared to 49 percent of Americans and 30 percent of Europeans.

Yet there is very little knowledge or empirical evidence of whether or not a focus on entrepreneurship and innovation is actually a scalable solution and if it at all can remedy some of the major challenges faced in the Islamic world. In addition, what is, if at all, the impact of religion, culture, economic climate, governance and other factors on the success of entrepreneurship development strategies, entrepreneurial pursuits and the development of innovation within the societies of Islamic countries.

Hence, this special issue edition of the Journal of Islamic Accounting and Business Research is inviting papers from researchers and academics focused on the nexus of entrepreneurship, innovation and the Islamic world.

Topics of Interest

The JIABR is inviting papers on the topics of entrepreneurship and innovation in the Islamic world that provide fresh empirically backed perspectives based on solid theoretical or conceptual underpinnings. Whereever possible, the Journal is preferably interested in fact based empirical studies based on case studies, surveys or panel data on any of the following aspects:

  • Innovation and the role of culture, religion, governance, economic climate, corruption and other factors in Islamic countries
  • Entrepreneurship and the role of culture, religion, governance, economic climate, corruption and other factors in Islamic countries
  • Success and failures of entrepreneurial ecosystems
  • Case studies of successful entrepreneurs and their operating environment
  • Youth and millennials in Islamic countries and their perspectives on innovation and entrepreneurship
  • Factors associated with innovation in Islamic countriesThe role of law in fostering innovation in Islamic countries
  • Successful business models and companies in Islamic countries and their characteristics
  • Successful entrepreneurship ecosystems in Islamic countries and their characteristics
  • Innovation based enterprises in Islamic countries and their characteristics
  • Survey based empirical studies attempting to understand influences on entrepreneurial and innovation culture across various Islamic countries
  • The role of religiosity in influencing entrepreneurial activities
  • Principles of the Islamic religion and its empirical association with entrepreneurship and innovation
  • Other topics relevant to entrepreneurship and innovation in Islamic countries will also be considered.

Proposed schedule

Submission Deadline: 31 March 2019
Publication Date: 2020

Submissions Guidance