Middle East Journal of Entrepreneurship, Leadership and Sustainable Development, Volume 1, Issue 1 (2017)
MEJELSD is multidisciplinary refereed journal that focuses on:
- Latest changes, trends, developments, innovations and activities in the fields of entrepreneurship, leadership, Small and Medium Enterprises and sustainable development.
- Issues that will be central to entrepreneurship, leadership, Small and Medium Enterprises and sustainable development.
- How to benefit wide range of institutions, including universities, research centers, governmental departments etc. in developing and developed countries.
Islamic finance and the concept of proﬁt and risk sharingThis paper introduces Islamic partnership structures as an alternative to conventional debt contracts. It specifically addresses the situation of entrepreneurs seeking funding from banks. The Islamic principle of profit and risk sharing, emphasised in Islamic partnership structures, is discussed in detail as it replaces the phenomenon of risk transfer present in most conventional financial and banking products. This paper explores two of the commonly used Islamic partnership structures; the Mudarabah and Musharakah structures. The paper explains how these structures benefit the financiers as well as entrepreneurs as both parties share in the risks and profits of the enterprise and hence both their interests are aligned. In addition to the financial and economic impacts of the principle of profit and risk sharing, the paper explores its important role in achieving socio-economic justice
Factors inﬂuencing government green procurement practices: structural equation modelling analysisThe purpose of this paper is to examine the effect of seven exogenous latent constructs namely (1) Environmental Knowledge (ENK); (2) Environmental Concern (ENC); (3) Perceived Costs Efﬁciency and Business Beneﬁts (PCE); (4) Perceived Product and Supplier Availability (PPS); (5) Organisational Incentives and Pressures (OIP); (6) Policies and Regulations (PR); and (7) perceived beneﬁts of implementation tools and competency (PBI) on Government Green Procurement (GGP) practices.
Building a case for crowdfunding platforms in Saudi ArabiaNo one knows more about a creative and innovative project than its architect and owner of the idea. The funding helps the startup start the project with minimal stress. Commonly startups are compelled to pay interest, equity/shareholding, be at the mercy of institutions or wealthy investors for ﬁnancial resources. They also at times face massive difficulties of the bureaucratic and banking restrictions and delays. Therefore, the purpose of this research was to develop an understanding of the scholarly community on alternative sources of funding that is, crowdfunding and its dynamics. On the basis of this paper develops a case for the crowdfunding platforms mushrooming in Saudi Arabia.
Barriers to the implementation of the 2030 Saudi Visions Sustainable Construction ObjectivesPurpose: This research investigates the barriers preventing the implementation of green and sustainable practices in the Saudi Construction industry. Design/Methodology/Approach: This research utilises a qualitative research approach, a case study. It relies on a comprehensive review of the literature of relevant journals in construction management to generate the findings of the study. Findings: This research found that individual, organisational and project-specific variables prevent the implementation of green practices in the Saudi construction industry. Lack of awareness, training with respect to lean construction, and a dearth of top management support to the adoption and implementation of lean construction have all slowed down the penetration of lean construction into the construction industry in Saudi Arabia.
Cultivating a sustainable ecosystem for entrepreneurship for national transformation: Saudi Aramco Entrepreneurship CenterThe purpose of this paper is to apprise the readers of the initiatives of Saudi Aramco in entrepreneurship development and growth in the country. Saudi Aramco Entrepreneurship Center (SAEC) was launched in 2011 with an objective to develop local enterprises in the Kingdom of Saudi Arabia (KSA) by encouraging aspiring entrepreneurs to establish or expand Small and Medium-Sized Enterprises (SMEs), to support existing SMEs, and to cultivate a sustainable entrepreneurial ecosystem. Aligned with the mission, the centre focuses on the following Support: Start-ups, Financial, Growth and Ecosystem Development. In addition, ‘Aramco Entrepreneurship Ventures (AEV)’ was created to support local venturing. Business Incubation was initiated to complement the financial support programs. Despite its relatively short life span, the centre achieved remarkable achievements ] nearly 50 new start-up businesses by various initiatives, training for over 2000 potential entrepreneurs, and offer of hundreds of educational sessions throughout the KSA, just to name a few.
Localisation of knowledge in GCC countries: The case of SMEsLocalisation of knowledge is among the important challenges facing Gulf Cooperation Council (GCC) countries. Knowledge is a key driver of modern economies impacting productivity, employment, wealth creation, poverty reduction and technology diffusion. Building capabilities for knowledge localisation entails appropriate business environments, effective institutions, skilled workforces and sound infrastructure. The role of Small and Medium Enterprises (SMEs) is critical in building capacity for knowledge localisation and fostering economic growth. The aim of this paper is to shed some light on the contribution of SMEs to knowledge localisation in GCC countries