Academia.eduAcademia.edu

Outline

Consumer Behavior in Islamic Perspective: An Empirical Analysis

Abstract

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

Key takeaways
sparkles

AI

  1. Islamic consumer theory is relevant in Pakistan, with 500 respondents surveyed in Lahore.
  2. Cronbach Alpha test indicates 71.1% internal consistency reliability in the questionnaire.
  3. 35.8% of consumers strictly adhere to Sharia rules in consumption practices.
  4. 56.2% of respondents actively donate to the needy, reflecting Islamic values.
  5. Islamic consumers prioritize balanced consumption, with 33.8% able to control their wants.

References (26)

  1. Al-Bukhari, Sahih; Hadith book, Volume: 3, Hadith No: 275, 514, Vol: 9, Hadith No: 5032, Vol: 10, Hadith no: 5992-5996.
  2. Al-Tirmidhi, Ahmad, Hadith book, Vol. 2, Hadith No. 661, 4935.
  3. AL-Quran: 2:60,168, 172,215, 5: 3-5, 6: 142, 7:157, 16: 114, 102: 1.
  4. Abdullaha, N. I., & Dusuki, A. W. (2006). Hire-purchase facility in Malaysia: An empirical analysis. International Journal of Economics, Management and Accounting, 14(2).
  5. Chapra, U. (1999). Islam And The Economic Challenge, dalam bahasa Indonesia Islam Dan Tantangan Ekonomi Islamisasi Ekonomi Kontemporer: Risalah Gusti, Surabaya.
  6. Dekhil, F., Boulebech, H., & Bouslama, N. (2017). Effect of religiosity on luxury consumer behavior: the case of the Tunisian Muslim. Journal of Islamic Marketing, 8(1).
  7. El-Gamal, M. A. (2006). Islamic finance: Law, economics, and practice: Cambridge University Press.
  8. Yasir.F, Consumer Behavior in Islamic Perspective: An Empirical Analysis 112
  9. El Ashker, A., & Wilson, R. (2006). Islamic economics: a short history: Brill.
  10. Groenewegen, P. (2002). Economics and ethics? : Routledge.
  11. Hamid, M. (2009). Islamic economics: An introductory analysis. English- version, first-edition, 142-144.
  12. Hossain, B. (2015). Application of Islamic Consumer Theory: An Empirical Analysis in the Context of Bangladesh. Global Review of Islamic Economics and Business, 2(1).
  13. Kahf, M. (1991). Lessons in Islamic Economics. Paper presented at the Seminar Proceedings No.
  14. Kahf, M. (1996). The demand side or consumer behavior. Principles of Islamic Economics, Chapter four, Kuala Lampur, Malaysia: International Islamic University of Malaysia (IIUM).
  15. Karoui, S., & Khemkhem, R. (2016). To more understanding the" Halal" market and the Islamic Consumer-Factors affecting the Islamic Purchasing Behavior. International Journal of Academic Research in Business and Social Sciences, 6(8), 65-99.
  16. Khan⃰ , M. F. (2013). An Alternative Approach to Analysis of Consumer Behaviour: Need for Distinctive "Islamic" Theory. Journal of Islamic Business and Management Vol, 3(2).
  17. Madni, A. R., Hamid, N. A., & Rashid, S. M. (2016). An Association between Religiosity and Consumer Behavior: A Conceptual Piece. The Journal of Commerce, 8(3), 58.
  18. Muslim, Sahih, and Hadith book, Vol: 2, Hadith no: 3910-3912
  19. Mirza, A. M. R. a. A. A. I. (2007). The Theory of Consumer Behavior: Conventional vs. Islamic. Paper presented at the 2nd Islamic Conference 2007 (iECONS2007), University of Malaysia.
  20. Mustafar, M. Z., & Borhan, J. T. (2013). Muslim consumer behavior: emphasis on ethics from Islamic perspective. Middle-East Journal of Scientific Research, 18(9), 1301-1307.
  21. Parsa, A., Nooraie, M., & Aghamohamadi, A. (2016). A Comparison between Dairy Consumer Behavior of the Islamic Republic of Iran and France (with Cultural Approach). Procedia Economics and Finance, 36, 157-164.
  22. Peil, J., & van Staveren, I. (2009). Handbook of economics and ethics: Edward Elgar Publishing.
  23. Rahman, A. (1976). Economic Doctrines of Islam: Islamic Publications Limited.
  24. Rishi, B. (2015). Islamic Perspectives on Marketing and Consumer Behavior.
  25. Samuelson, P. A., & Nordhaus, W. D. (2000). Economies. Publishing Williams, Moscow.
  26. Tahir, S., & Ghazali, A. (1992). Readings in Microeconomics: An Islamic Perspective: Longman Malaysia.