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Spiritual capital is the quantification of the value of spiritual, moral or psychological beliefs and practices to individuals, groups and society. Proponents liken it to other forms of capital, including material capital (or financial capital), intellectual capital, and social capital. Some scholars such as Robert Barro see spiritual capital as simply another term for the power and influence generated by religion belief and practice, whilst others, such as Danah Zohar define it more broadly as the value of personal, social or cultural beliefs and meanings that stimulate creativity, encourage moral behaviour and motivate individuals. It is often connected to the related concept of spiritual intelligence. Moreover, Samuel Rima has developed a conceptual model of spiritual capital that postulates five major elements of spiritual capital theory; metaphysical resources, spiritual capital formation, transformation, spiritual capital investment, and return on investment.
Spiritual capital, when used in research, can be operationalized through various measures that measure an individual's religious and spiritual inclinations, such as frequency of church attendance and prayer, as well as one's belief in the transcendence. These kinds of measures can be found in the Brief Multidimensional Measure of Religiousness/Spirituality Multidimensional Measurement of Religiousness/Spirituality (book).
Spiritual capital has also be used by many scholars to understand movements such as business as a mission, kingdom business and workplace spirituality.
Ted Malloch in his launch of the Spiritual Enterprise Institute in 2005 defined spiritual capital as
|“||the effects of spiritual and religious practices, beliefs, networks and institutions that have a measurable impact on individuals, communities and societies.||”|
 Another general definition, offered by Alex Liu[who?] is that spiritual capital is the power, influence and dispositions created by a person or an organization’s spiritual belief, knowledge and practice. Samuel Rima, based on doctoral research done at the University of Buckingham UK, defines spiritual capital as a metaphysical impulse that animates and leverages other recognized forms of capital to build capacity for advancing the common good. According to Rima, spiritual capital is used, or invested, to infuse other forms of capital with life-giving energy that will create surplus value for the benefit of people and societies rather than for satiating individual or corporate greed. As such, spiritual capital has the potential to bring life, vitality, and empowerment to people and the societies in which they live, rather than for the material or economic satisfaction and advancement of one individual, social group, or corporate entity.
- Malloch, Ted (January 14, 2005). "White Paper on Spiritual Capital". Retrieved May 8, 2012.
- "Spiritual Capital: A Moral Core for Social and Economic Justice. by Samuel D. Rima, Gower/Ashgate, (Forthcoming 2012, ISBN 978-1-4094-0484-2. Farnham, U.K)"
- Doing Virtuous Business: The Remarkable Success of Spiritual Enterprise by Theodore Roosevelt Malloch (2008; ISBN 978-0-8499-4717-9)
- Spiritual Capital: Wealth We Can Live By Danah Zohar and Ian Marshall (2004; ISBN 1-57675-138-4)
- God is at Work by Ken Eldred 2005 Regal Books
- Handbook of workplace spirituality and organizational performance. by Giacalone, R. A., & Jurkiewicz, C. L. (2003). Armonk, N.Y.: M.E. Sharpe.
- Spiritual information : 100 perspectives on science and religion. by Harper, C. L., & Templeton, J. (Eds.). (2005). Philadelphia: Templeton Foundation Press.
- Spiritual intelligence at work : meaning, metaphor, and morals. by Pava, M. L., & Primeaux, P. (2004). Amsterdam ; London: Jai.
- Spiritual capital, academic capital and the politics of scholarship: A response to Bradford Verter Method & Theory in the Study of Religion, 17(2), 166-175. by Urban, H. (2005).
- Spiritual capital: Theorizing religion with Bourdieu against Bourdieu Sociological Theory, 21(2), 50-174. by Verter, B. (2003).
- Spirituality and ethics in management. by Zsolnai, L. (2004). Dordrecht Boston, Mass.: Kluwer Academic.
- Ethics and spirituality at work : hopes and pitfalls of the search for meaning in organizations. by Pauchant, T. C. (2002). Westport, Conn.: Quorum Books.
- Spiritual Capital: A Moral Core for Social and Economic Justice
- Measuring Spiritual Capital as a Latent Variable by A Liu
- the Spiritual Capital Index
- Metanexus Institute
- Spiritual Capital and Economic Enterprise by Oxford Center
- A Brief Survey of Spiritual Capital
- Material Capital, Social Capital and Spiritual Capital
- Religion and Political Economy - Harvard