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Microeconomics and Tawhid String Relation Concept (TSR)

Author

Listed:
  • Lucky Nugroho
  • Caturida Meiwanto Doktoralina
  • Fitri Indriawati
  • Safira Safira
  • Salimah Yahaya

Abstract

Purpose: This research focuses on microeconomics and Tawhid String Relation (TSR) in relation to Islamic law (Shariah) as it is used in everyday problem solving. Design/Methodology/Approach: This study uses the content analysis method through a documentation study. Findings: The results indicate that financial resources are not the only productive assets of individuals but what they are needed for the development of other factors within the Islamic concept. Practical Implications: The study can contribute to promoting Islamic assets—e.g. micro-financing, Islamic Bank, Waqf, and Accounting zakat—which emphasize social justice. Regarding future research, the present findings need to be tested in the field. Originality/Value: The study contributes to compiles prior research and contributes new interpretations to Indonesian researchers, especially concerning ethical, moral, social and religious factors that promote Islamic assets (e.g. the use of microfinance to emphasize social justice in accordance with Shariah).

Suggested Citation

  • Lucky Nugroho & Caturida Meiwanto Doktoralina & Fitri Indriawati & Safira Safira & Salimah Yahaya, 2020. "Microeconomics and Tawhid String Relation Concept (TSR)," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(3), pages 293-306.
    • Handle: RePEc:ers:ijebaa:v:viii:y:2020:i:3:p:293-306
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    References listed on IDEAS

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    1. Luminita Postelnicu & Niels Hermes, 2018. "Microfinance Performance and Social Capital: A Cross-Country Analysis," Journal of Business Ethics, Springer, vol. 153(2), pages 427-445, December.
    2. Gillian Rice, 2006. "Pro-environmental Behavior in Egypt: Is there a Role for Islamic Environmental Ethics?," Journal of Business Ethics, Springer, vol. 65(4), pages 373-390, June.
    3. Marek Hudon & Marc Labie & Patrick Reichert, 2020. "What is a Fair Level of Profit for Social Enterprise? Insights from Microfinance," Journal of Business Ethics, Springer, vol. 162(3), pages 627-644, March.
    4. Marek Hudon & Marc Labie & Patrick Reichert, 2017. "What is a fair profit for social enterprise? Insights from microfinance," Working Papers CEB 17-024, ULB -- Universite Libre de Bruxelles.
    5. Beatriz Armendáriz & Marc Labie, 2011. "Introduction and Overview: An Inquiry into the Mismatch in Microfinance," World Scientific Book Chapters, in: Beatriz Armendáriz & Marc Labie (ed.), The Handbook Of Microfinance, chapter 1, pages 3-13, World Scientific Publishing Co. Pte. Ltd..
    6. Caturida Meiwanto Doktoralina & Fikki Mutarotun Nisha, 2020. "Mudharabah Deposits Among Conventional Bank Interest Rates, Profit-Sharing Rates, Liquidity and Inflation Rates," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 11(1), pages 25-33, January.
    7. Caturida Meiwanto Doktoralina & Zakaria Bahari, 2018. "Zakat Accounting Information System in Private Higher Education," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 3), pages 265-275.
    8. Marc Labie, 2013. "Introduction," Mondes en développement, De Boeck Université, vol. 0(3), pages 7-8.
    9. Beatriz Armendáriz & Jonathan Morduch, 2010. "The Economics of Microfinance, Second Edition," MIT Press Books, The MIT Press, edition 2, volume 1, number 0262014106, April.
    10. Rozzani, Nabilah & Mohamed, Intan Salwani & Syed Yusuf, Sharifah Norzehan, 2017. "Risk management process: Profiling of islamic microfinance providers," Research in International Business and Finance, Elsevier, vol. 41(C), pages 20-27.
    11. Prasenjit Roy & Ambika Prasad Pati, 2018. "Double bottom line commitments of microfinance: evidence from Indian institutions," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 46(1), pages 116-131, August.
    12. Beatriz Armendáriz & Marc Labie (ed.), 2011. "The Handbook of Microfinance," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 7645, August.
    13. Lucky Nugroho & Ahmad Badawi & Nurul Hidayah, 2019. "Discourses of Sustainable Finance Implementation in Islamic Bank (Cases Studies in Bank Mandiri Syariah 2018)," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 10(6), pages 108-117, October.
    14. repec:idn:jimfjn:v:1:y:2015:i:1d:p:1-28 is not listed on IDEAS
    15. Halima Begum & A.S.A. Ferdous Alam & Md Aslam Mia & Faruk Bhuiyan & Ahmad Bashawir Abdul Ghani, 2018. "Development of Islamic microfinance: a sustainable poverty reduction approach," Journal of Economic and Administrative Sciences, Emerald Group Publishing Limited, vol. 35(3), pages 143-157, November.
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    Cited by:

    1. Mohd Sadiq Mohd Mokhtar & Fadzila Azni Ahmad, 2021. "Non-Profit Islamic Institutions and Quality Management Systems in Malaysia," International Journal of Higher Education, Sciedu Press, vol. 10(3), pages 1-16, June.

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    More about this item

    Keywords

    Islamic asset; microeconomic; microfinance; Tawhid String Relation.;
    All these keywords.

    JEL classification:

    • D04 - Microeconomics - - General - - - Microeconomic Policy: Formulation; Implementation; Evaluation
    • H7 - Public Economics - - State and Local Government; Intergovernmental Relations

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