The Framework of Islamic Theory of Consumer Behavior

Journal of economics, finance and management , 2014

This paper presents a comparative view of Islamic economic rationalism and consumption framework to its counterpart's conventional capitalist and socialist economic system. In conventional economic system, only self-interest and rationality of the consumer is the main principle to maximize utility whereas moral, religious, national, historical, cultural and social values are absent here. Consequently, the consumers enjoy sovereignty with little or no intervention of regulatory authority to maximize the utility. On the contrary, Islamic economic system designs its rationality and consumption principle in moderation that is far away from extremism where freedom and regulation is moderately recognized. Therefore, Islamic rationality encourages the consumers to maximize his utility by insuring religious, national, historical, cultural and social values. Besides, conventional economics have no treatment to immoral activities of consumer while Islamic economics derived from the Holy Quran and Hadith offers rewards and punishments for moral and immoral activities in worldly and hereafter life.

Journal of Islamic Businnes and Economic Review, 2019

Our current world is prevailed by sharp tendencies towards consumption, produced by conditions and developments in the fields of production, distribution, monopoly, communication, and advertising. Consumerism is no longer confined to the developed industrial world. But has affected many other parts of the poor and developing the world, it has become the subject of scientific research in different knowledge systems, foremost among them economics, psychology and sociology. However, the researchers agree that this behavior is no longer a purely individual behavior for an independent person. But has become multiple external factors contribute to the formation, and exert various effects on the individual consumer In our contemporary Islamic world, patterns of abuse of consumer behavior had been spread, the consumption of things harmful to health, morals or the natural environment, the disregard of some individuals for consumption priorities, the lack of commitment to moderation in spending, the tendency to extravagance and luxury, These behavioral imbalances have a very negative effect on the national economy and the economies of the individual. it entails a waste of natural and economic resources, the disruption of the productive structure, the waste of human energies, this deviant consumerism reality is confirmed by the presence of factors that have shaped its current image, and by addressing them we can restore consumer behavior to its rightful place. Therefore, this study aims to study the role of the Islamic economy in rationalizing consumer behavior, in addition to giving some suggestions.

Pakistan is an Islamic country and the current paper is an attempt to investigate empirically whether Islamic consumer theory is being applied in this country or not. This study has used a set of questionnaires distributed to all general consumers working in different walks of life in the city of Lahore. Cronbach Alpha test is used to check the reliability and internal consistency of all variables in the questionnaire. In order to draw

JOMENAS Press, 2019

This paper presents the authenticity of Islamic teachings about the modernism. No doubt, consumerism showed their rights to the consumers and for redress of their loss, legislation and special consumer courts were set up. In Western countries mostly, people think while in Eastern countries some people think that consumerism gave legal support to the consumers in the present era. But this paper presents some teachings of the Holy Quran and Hadith Sciences (that are basic sources in Islamic Shariah) regarding consumer protection. By analyzing these teachings of Islam, this shows that western consumerism is not new because Islamic teachings have provided us with plenty of commandments that protect consumers and encourage traders to involve in fair dealings. Besides many verses of Holy Quran, the names of two surahs are also given by such words that condemned the wrongdoings and wrong intentions for wealth i.e. ‘Sura Mutaffefeen’ and ‘sura Takathur’. In many verses of Holy Quran, it is forbidden to give less in weight or in measurement and Arabic word ‘Bakhs’ is used for forbidden which means shorten the quantity or quality than required. Similarly, six authentic books of hadith sciences also have Kitab al-Boyou (books of transactions) in which trade matters related to consumers and producers are commanded and negative issues that disturb business matters are forbidden.

Consumer behaviour, since its inception as an academic term has always been associated with words like perceptions, habits, fashions, traditions, customs, cultures, resources or religious beliefs. Almost everyone including the so-called modern economists wish to delete the word "religious beliefs" from the dictionary

Intellectual Discourse, 2017

This paper discusses consumerism movement from the Islamic point of view, which implies that all the marketing activities should be done in order to satisfy the consumers while adhering to the tenets of Islamic ethical system. In line with this, the paper then discusses the significance and practicality of Islamic marketing and how the traditional marketing mix can be translated into the Islamic marketing mix. Specific elements of the marketing mix are discussed in light of Islamic injunctions. MaqEsid al-Shari’Eh (Shariah-based objective), Qawa’id Al-Fiqhiya (Islamic legal maxims/principles) and Usul Al-Fiqh (Islamic scholars’ judgments) are the main sources to approach the Islamic consumerism and its implementations on marketing mix, where these sources help find consumers’ rights that could show ways of marketing mix or program of product, price, place, promotion and people. This theoretical paper that holds both academic and practical significance for the need of Islamic marketi...

UIN Alauddin Makassar, 2022

Consumption is one of the subdivisions of economics that discusses the efforts made by humans to fulfill their needs. Islam has regulated how a person should obtain goods that they consume and how to consume them. Consumer behavior in consuming goods or services can be an act that violates the rules set by the Shari'a rules. The research method in this article uses qualitative methods with library research. This study found that ethics in consumption is not just fulfilling needs and desires but also giving attention to the benefits of consumption (maslahah) so that all activities become worship and obtain blessings in this world and the hereafter.

Al-Tijary

The culture of consumerism has expanded globally. Basically, this ideology is a derivative of investment capitalism which gives rise to a spirit of consumption to form "self-identity". As a result, consumerism causes new problems in the order of life, namely psychological and manipulative damage, the formation of new social constructs, as well as economic inequality and ecological damage. This study aims to examine the assumptions in Islamic rationality on the influence of consumerism. This research is a descriptive qualitative with systematic literature review (SLR) analysis tool to carry out studies, interpretations, extractions, and synthetic retrieval of previous studies. The results showed that the Islamic rationality described in the Al-Quran is able to answer the problems caused by consumerism that occur. The assumptions in Islamic consumption that are interpreted in the Qur'an are: Consuming halal and thayyib and avoiding haram consumption; consumption is balan...

Consumption is one part of economic activity that aims to meet the needs of a person to achieve a certain level of satisfaction. The level of satisfaction that felt by each person is different, but the question that arises is whether the will be achieved satisfaction has considered certain aspects and ethics. In accordance to the Islamic teachings, to consume something a person is bound by the rules which written in the Quran and Sunnah as an ethical rule to consume properly. The term of israf and tabdzir became a popular term, when discussing on Islamic consumer ethics. Thus, this paper aims to explain the consumer behavior according to the Islamic provision and emphasize the israf behavior as a deviated consumption behavior.