Strategic ta’awun and fastabiqul khairat partnerships for sustainable competitive advantage among small and medium enterprises in the Muslim world
Strategic ta’awun (cooperation) and fastabiqul khairat (competing for goodness) are two partnership concepts from Islamic perspectives to enable for sustainable competitive advantage with spiritual synergy. The spiritual synergy rooted in the reciprocal norms, motivation, and determination of the o...
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eprints |
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iium-719112019-11-24T13:18:23Z http://irep.iium.edu.my/71911/ Strategic ta’awun and fastabiqul khairat partnerships for sustainable competitive advantage among small and medium enterprises in the Muslim world Mhd. Sarif, Suhaimi HB126.4 Islamic Economics HD72 Economic growth, development, planning HF5387 Business ethics Strategic ta’awun (cooperation) and fastabiqul khairat (competing for goodness) are two partnership concepts from Islamic perspectives to enable for sustainable competitive advantage with spiritual synergy. The spiritual synergy rooted in the reciprocal norms, motivation, and determination of the operators in making successful entrepreneurial ventures not only for profitability, but for humanity and environmental benefits. This research explores the effects of strategic ta’awun and fastabiqul khairat partnerships among small and medium enterprises (SMEs) in the Muslim world to attain and sustain competitive advantage. Strategic ta’awun and fastabiqul khairat are part of the Islamic teachings practiced by Muslim society along with obligatory deeds such as prayers, zakat, and hajj. This study postulates that the spiritual reciprocal power in strategic ta’awun enables for unity and synergy among SMEs in Muslim world. Likewise, the reciprocal power of fastabiqul khairat among SMEs enables Muslim society to venture into model of entrepreneurial, urbanised, and sustainable society. The study interviewed five key SMEs owners representing different geographical locations (Southeast Asia, South Asia, Middle East Asia, North America, and Europe). Indeed, the informants argued that the spiritual reciprocal norm in strategic ta’awun occurred through collaboration and partnerships among SMEs for goodness (fastabiqul khairat) in terms of sharing of expertise, contacts, and commercial projects. This situation allows them to strengthen their competitive advantages in competing with consortium of competitors from different regions. The study suggests the future research to employ case study method for more contextual insights. Asian Academy of Management & Penerbit Universiti Sains Malaysia 2019-03-20 Article PeerReviewed application/pdf en http://irep.iium.edu.my/71911/1/71911_Strategic%20ta%E2%80%99awun%20and%20fastabiqul%20khairat.pdf application/pdf en http://irep.iium.edu.my/71911/7/71911_Strategic%20ta%E2%80%99awun%20and%20fastabiqul%20khairat%20partnerships%20for%20sustainable%20competitive%20advantage%20among%20small%20and%20medium%20enterprises%20in%20the%20Muslim%20world_scopus.pdf Mhd. Sarif, Suhaimi (2019) Strategic ta’awun and fastabiqul khairat partnerships for sustainable competitive advantage among small and medium enterprises in the Muslim world. Asian Academy of Management Journal, 24 (Supp. 1). pp. 125-139. ISSN 1394-2603 E-ISSN 2180-4184 http://web.usm.my/aamj/24s12019/aamj24s12019_9.pdf https://doi.org/10.21315/aamj2019.24.s1.9 |
| repository_type |
Digital Repository |
| institution_category |
Local University |
| institution |
International Islamic University Malaysia |
| building |
IIUM Repository |
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Online Access |
| language |
English English |
| topic |
HB126.4 Islamic Economics HD72 Economic growth, development, planning HF5387 Business ethics |
| spellingShingle |
HB126.4 Islamic Economics HD72 Economic growth, development, planning HF5387 Business ethics Mhd. Sarif, Suhaimi Strategic ta’awun and fastabiqul khairat partnerships for sustainable competitive advantage among small and medium enterprises in the Muslim world |
| description |
Strategic ta’awun (cooperation) and fastabiqul khairat (competing for goodness) are two partnership concepts from Islamic perspectives to enable for sustainable competitive advantage with spiritual synergy. The spiritual synergy rooted in the reciprocal norms,
motivation, and determination of the operators in making successful entrepreneurial ventures not only for profitability, but for humanity and environmental benefits. This research explores the effects of strategic ta’awun and fastabiqul khairat partnerships among small and medium enterprises (SMEs) in the Muslim world to attain and sustain competitive advantage. Strategic ta’awun and fastabiqul khairat are part of the Islamic
teachings practiced by Muslim society along with obligatory deeds such as prayers, zakat, and hajj. This study postulates that the spiritual reciprocal power in strategic ta’awun enables for unity and synergy among SMEs in Muslim world. Likewise, the reciprocal
power of fastabiqul khairat among SMEs enables Muslim society to venture into model of entrepreneurial, urbanised, and sustainable society. The study interviewed five key SMEs owners representing different geographical locations (Southeast Asia, South Asia, Middle
East Asia, North America, and Europe). Indeed, the informants argued that the spiritual reciprocal norm in strategic ta’awun occurred through collaboration and partnerships among SMEs for goodness (fastabiqul khairat) in terms of sharing of expertise, contacts, and commercial projects. This situation allows them to strengthen their competitive advantages in competing with consortium of competitors from different regions. The study suggests the future research to employ case study method for more contextual insights. |
| format |
Article |
| author |
Mhd. Sarif, Suhaimi |
| author_facet |
Mhd. Sarif, Suhaimi |
| author_sort |
Mhd. Sarif, Suhaimi |
| title |
Strategic ta’awun and fastabiqul khairat partnerships for sustainable competitive advantage among small and medium enterprises in the Muslim world |
| title_short |
Strategic ta’awun and fastabiqul khairat partnerships for sustainable competitive advantage among small and medium enterprises in the Muslim world |
| title_full |
Strategic ta’awun and fastabiqul khairat partnerships for sustainable competitive advantage among small and medium enterprises in the Muslim world |
| title_fullStr |
Strategic ta’awun and fastabiqul khairat partnerships for sustainable competitive advantage among small and medium enterprises in the Muslim world |
| title_full_unstemmed |
Strategic ta’awun and fastabiqul khairat partnerships for sustainable competitive advantage among small and medium enterprises in the Muslim world |
| title_sort |
strategic ta’awun and fastabiqul khairat partnerships for sustainable competitive advantage among small and medium enterprises in the muslim world |
| publisher |
Asian Academy of Management & Penerbit Universiti Sains Malaysia |
| publishDate |
2019 |
| url |
http://irep.iium.edu.my/71911/ http://irep.iium.edu.my/71911/ http://irep.iium.edu.my/71911/ http://irep.iium.edu.my/71911/1/71911_Strategic%20ta%E2%80%99awun%20and%20fastabiqul%20khairat.pdf http://irep.iium.edu.my/71911/7/71911_Strategic%20ta%E2%80%99awun%20and%20fastabiqul%20khairat%20partnerships%20for%20sustainable%20competitive%20advantage%20among%20small%20and%20medium%20enterprises%20in%20the%20Muslim%20world_scopus.pdf |
| first_indexed |
2023-09-18T21:41:58Z |
| last_indexed |
2023-09-18T21:41:58Z |
| _version_ |
1777413200119070720 |