Islamic Principles as a Predictor of Investment Behaviour of Muslim Investors in Delhi/NCR
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Abstract
Investment by Muslim investors should be based upon ‘shariah’ (Islamic Principles). Religious beliefs and practices have an impact on the personal lives of Muslims around the world. This is a little researched area in behavioural finance particularly in India. A research gap was found that whether religious beliefs drive investment decisions of Muslims and to know the extent to which Indian Muslims stick to the Islamic laws of investment. Results of this study state that there is impact of Islamic religious principles on investment behaviour of Indian Muslims but strength of this relationship depends on level of religiosity of individual Muslim investor and influence of other Indian religion prevalent in society on lifestyle of Muslims.
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