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The Role of Participation Banks in Inclusion of Immigrant Entrepreneurs in the Game
Abstract
The cultural context of entrepreneurs is related to business type or funding choices. Conversely, economic systems shape the context of entrepreneurship by proving not only resources but also cultural accounts. From this point of view, for migrant entrepreneurs, economic institutions are primarily cultural toolkits that influence entrepreneurial action from a religious perspective. Participating banking is a new and cultural-based funding option. Migrant entrepreneurship has been researched from a Western perspective. However, interest is considered an unacceptable way of acquiring money in many religious theories and views. The aim of this chapter is to show that entrepreneurs' cultural factors are antecedents of the source of capital, for example, new ways of banking systems coherent with entrepreneurs' cultural views and facilitating entrepreneurship or start-up funding. That is why teaching profit-loss partnership (mudaraba) and capital subsidiary (muşaraka) systems is important in entrepreneurship education.
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