2015
DOI: 10.1108/h-04-2014-0037
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Individual and society in an Islamic ethical framework

Abstract: Purpose-The paper aims to produce new key terminologies for the microfoundations of Islamic economics. The paper attempts to investigate the microfoundations of Islamic economics by exploring new perspective in the key concepts and key terminologies that would explain the behavior of individual and society in an Islamic ethical framework. Design/methodology/approach-The paper is a conceptual paper that attempts to explore the microfoundations of Islamic economics from the primary sources of Qur'anic texts. Lit… Show more

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Cited by 29 publications
(42 citation statements)
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“…A survey by Transparency International -Malaysia (TI-M) on Corruption Perceptions Index in the public sector, also shows the "scores" and "ranking" dropped in 2016, 2017 and 2018. (Said, Alam, & Khalid, 2015). However, the issue of corruption and unethical conduct remains critical.…”
Section: Problem Statementmentioning
confidence: 99%
“…A survey by Transparency International -Malaysia (TI-M) on Corruption Perceptions Index in the public sector, also shows the "scores" and "ranking" dropped in 2016, 2017 and 2018. (Said, Alam, & Khalid, 2015). However, the issue of corruption and unethical conduct remains critical.…”
Section: Problem Statementmentioning
confidence: 99%
“…Adnan (2011) reviewed four real concept of Islamic consumer behavior that should be revisited, they are: hereafter (al-akhirah) become the motivational drive force. Furqani (2015) proposed that there are three key concept that can be used as alternative to the concept of self-interest, utility, and rationality in the micro-foundation of neoclassical theory, they are huquq, maslahah, and taqwa.…”
Section: Utility or Satisfaction Derived From Worldly (Life Before Dementioning
confidence: 99%
“…Thus, all God's creations have their own role and rights, exclusively to them by certain obligations that revealed in Islamic sources. The concept of huquq could better explain the relationship of man and nature and properly put the ethical foundation in this relationship in an Islamic framework (Furqani, 2015). Furthermore, several concepts may be derived from the distinction of self-interest and huquq, as follows:…”
Section: The Fundamental Relationship Of Self-interest and Huquqmentioning
confidence: 99%
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