Effects of Religion and Politics on Family Businesses

This book explores the intricate relationship between religion and risk management in family businesses, offering a unique perspective on how religious beliefs shape decision-making processes. Through in-depth interviews with family business managers, the study reveals how faith-based principles influence risk perception, ethical obligations, and crisis management. The findings highlight the role of religious teachings in guiding business practices, emphasizing the importance of moral boundaries and the preference for halal earnings over substantial profit. The book delves into the concept of tawakkul, illustrating how religious activities provide psychological support and resilience in uncertain times. It also examines the impact of religious beliefs on financial decisions, showcasing the avoidance of interest-based financing and dubious ventures. By presenting a comprehensive analysis of the interplay between religion and business, this book offers valuable insights for family businesses seeking to integrate spiritual values into their operations.