Contributions to Islamic Economic Theory

Choudhury, Masudul Alam

doi:10.1007/978-1-349-07728-1

Cited by 65 publications

(48 citation statements)

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“…As explained in the book of Islam, the Koran explains that wealth should not be concentrated and mobilized in the hands of several individuals. The Prophet also taught to his followers that poverty in their community should not be tolerated (Choudhury., 1986;Gambling and Karim., 1991). Community members have an obligation to facilitate the distribution of equitable wealth through zakat or in circles of other Islamic values such as kindness and compassion among Muslims in society (Kamla et al, 2006).…”

Section: Literature Reviewmentioning

confidence: 99%

Social Accountability Process of Islamic Boarding School: Case Study of Sidogiri Pasuruan Islamic Boarding School

Wirawan

2019

IJMMU

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This research aims to know the process of social aspects influenced the importance of accountability in an organization of Islamic religious education that is don't give priority to profits in its operational activities, in Indonesia is often referred to as boarding schools. In order to further deepen the social accountability of the process, then the researchers used a qualitative research method with approach case studies boarding school Sidogiri Pasuruan. As for the analysis tools used are interactive analysis. As noted, there are more and more accountability role played in ancient civilizations and pre-modern societies. Therefore, at this time, the case for tracing the genealogy of accountability as a follow up said is best seen as a presumption that requires further examination. One of them is about the accountability of boarding schools which is rich in religious values and culture as a form of the spread of Islam. The dynamic life of boarding schools has been proven with the involvement of active participation in providing service to the community and many aspects of life that always accompany it. Interestingly, in terms of financial resources, the pesantren depends not only on the parents of the students, but also other sources of funding. The existence of this mandate, then boarding schools are definitely required to conduct financial accountability. These principles are very in line with the principles of Islamic law. It is closely related to surat Al-Baqarah verse 282 and 283 goals for the benefit of the people, i.e. If there is a transaction then write so that measurements obtained in a fair manner, not preferential treatment and is not reduced (ash-Syu'ara v. 181-184). Can be said to forbid these forms of transactions contrary to the Shariah.

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Section: Literature Reviewmentioning

confidence: 99%

Social Accountability Process of Islamic Boarding School: Case Study of Sidogiri Pasuruan Islamic Boarding School

Wirawan

2019

IJMMU

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“…To be specific, Choudhury (1986) provides the insightful concept of Maqasid al-Shariah as outlined as follows:…”

Section: Maqasid Al-shariah and Hypotheses Developmentmentioning

confidence: 99%

Theory of Islamic consumer behaviour

Amin

Abdul-Rahman

Razak

2014

Journal of Islamic Marketing

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If you would like to write for this, or any other Emerald publication, then please use our Emerald for Authors service information about how to choose which publication to write for and submission guidelines are available for all. Please visit www.emeraldinsight.com/authors for more information. About Emerald www.emeraldinsight.comEmerald is a global publisher linking research and practice to the benefit of society. The company manages a portfolio of more than 290 journals and over 2,350 books and book series volumes, as well as providing an extensive range of online products and additional customer resources and services.Emerald is both COUNTER 4 and TRANSFER compliant. The organization is a partner of the Committee on Publication Ethics (COPE) and also works with Portico and the LOCKSS initiative for digital archive preservation. AbstractPurpose -The purpose of this study is to propose a theory of Islamic consumer behaviour to explain the factors that influence the Islamic mortgage industry. Although previous works have shown that conventional marketing theories were, to a certain extent, able to predict factors influencing halal marketing and Islamic mortgage, these theories fail to capture or accommodate the Islamic perspectives of consumer behaviour. Conventional marketing theories have also been found to be inadequate to explain the Islamic mortgage preference among consumers. Design/methodology/approach -Drawing upon the Maqasid al-Shariah, this study develops an Maqasid al-Shariah index (MSI) and religious satisfaction (RS) for Islamic mortgage industry in Malaysia. These indexes are developed as the basis of the theory development in this setting. The model developed is later examined using survey data. Findings -This study reveals that education and RS are instrumental in determining the Islamic home financing preference. In contrast, justice and welfare are insignificantly related to the Islamic home financing preference. Religious satisfaction, to a certain extent, plays role not only as a mediator but also as a moderator. We find that RS has a full mediation effect on the relationship between welfare and willingness to consider applying Islamic mortgage. We discover justice is moderated by RS. Education and welfare however are not moderated. Originality/value -This study contributes to the development of an empirical Islamic framework in predicting consumers' behaviour in an Islamic mortgage market using a Maqasid approach. This study is also pioneering in introducing two indexes, notably MSI and RS, and applying these indexes to Islamic home financing context.

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“…The Prophet also taught his followers that poverty in their communities should not be tolerated (Choudhury, 1986), "He who takes interest and he who pays it and the scribe who writes the contract of usury and he who witnesses it -upon all will be the wrath of Allah Almighty (Hadith Muslim).…”

Section: Islamic Prohibitions On Interestmentioning

confidence: 99%

Islamic Banking System as an effective element of economy

Al-augby¹,

Majewski²,

Nermend³

et al. 2015

Zesz. Nauk. US Fin. Ryn. Fin. Ubezp.

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Abstract:The main goal of this paper is to present what the Islamic banks (the type of banks governs by Islamic law that governs every aspect of Muslims' life "Shariah") instruments are and why it is so important for the community. According to Shariah the payment or acceptance of interest charges (Riba) is prohibited in Islamic banking transactions. This paper is tried to describe the main features of the Islamic banking transactions and to identify the differences between Islamic and conventional banks. Also, this paper presents a survey of the historical evolution of the Islamic banking system in Muslim countries, starting with the first Islamic bank, early in the 1960's, Nasser Bank in Egypt. In conclusion, the Islamic banking system is a rapid growth one and the switch to Islamic banking will be a difficult task. Due to the fact, that in the last decade, the Islamic banking made its presence in all over the world markets not just in Islamic countries.

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Contributions to Islamic Economic Theory

Cited by 65 publications

References 0 publications

Social Accountability Process of Islamic Boarding School: Case Study of Sidogiri Pasuruan Islamic Boarding School

Social Accountability Process of Islamic Boarding School: Case Study of Sidogiri Pasuruan Islamic Boarding School

Theory of Islamic consumer behaviour

Islamic Banking System as an effective element of economy

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