IDEAS home Printed from https://ideas.repec.org/a/jfr/ijfr11/v10y2019i5p204-207.html
   My bibliography  Save this article

Wasatiyyah-Consumerism Ethics in Al-Qur¡¯an

Author

Listed:
  • Mohd Shukri Hanapi
  • Siti Mastura
  • Caturida Meiwanto Doktoralina

Abstract

Wasatiyyah consumerism is a consumerism model that is balanced, prudent and follows the needs of the wasatiyyah concept. God or Allah SWT has bestowed natural instincts to humans which consist of wants and needs; however, these wants and needs are fulfilled in inappropriate ways. This leads to numerous socio-economic problems, such as wastage, bankruptcy and a culture of indebtedness. Hence, in order to nurture individuals and a society that possesses high moral values and discipline based on Islamic values, wasatiyyah-consumerism ethics are a basic requirement for overcoming issues pertaining to ghuluw-consumerism (consuming beyond bounds). This working paper aims to identify and analyse wasatiyyah-consumerism ethics found in al-Qur'an. Which verses are relevant to wasatiyyah-consumerism ethics? What do these verses state? What are the fundamentals found in wasatiyyah-consumerism ethics? In order to answer these questions, this working paper only used secondary data, which were analysed using the content analysis method. The findings showed that wasatiyyah-consumerism ethics in al-Qur'an contain three fundamental elements: moderation, fairness and benevolence.

Suggested Citation

  • Mohd Shukri Hanapi & Siti Mastura & Caturida Meiwanto Doktoralina, 2019. "Wasatiyyah-Consumerism Ethics in Al-Qur¡¯an," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 11(5), pages 204-207, August.
    • Handle: RePEc:jfr:ijfr11:v:10:y:2019:i:5:p:204-207
    DOI: 10.5430/ijfr.v10n5p204
    as

    Download full text from publisher

    File URL: http://www.sciedu.ca/journal/index.php/ijfr/article/view/15659/9729
    Download Restriction: no
    File URL: http://www.sciedu.ca/journal/index.php/ijfr/article/view/15659
    Download Restriction: no
    File URL: https://libkey.io/10.5430/ijfr.v10n5p204?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Robert A. Pollak, 1969. "Conditional Demand Functions and Consumption Theory," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 83(1), pages 60-78.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. 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.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jaya Jumrani & P. S. Birthal, 2017. "Does consumption of tobacco and alcohol affect household food security? Evidence from rural India," Food Security: The Science, Sociology and Economics of Food Production and Access to Food, Springer;The International Society for Plant Pathology, vol. 9(2), pages 255-279, April.
    2. Blomquist, Soren & Micheletto, Luca, 2006. "Optimal redistributive taxation when government's and agents' preferences differ," Journal of Public Economics, Elsevier, vol. 90(6-7), pages 1215-1233, August.
    3. Kan, Kamhon & Fu, Tsu-Tan, 1997. "Analysis of Housewives' Grocery Shopping Behavior in Taiwan: An Application of the Poisson Switching Regression," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 29(2), pages 397-407, December.
    4. repec:esx:essedp:762 is not listed on IDEAS
    5. Brannlund, Runar & Nordstrom, Jonas, 2004. "Carbon tax simulations using a household demand model," European Economic Review, Elsevier, vol. 48(1), pages 211-233, February.
    6. Alessie, Rob & Kapteyn, Arie & Melenberg, Bertrand, 1989. "The effects of liquidity constraints on consumption Estimation from household panel data," European Economic Review, Elsevier, vol. 33(2-3), pages 547-555, March.
    7. Henrik Jordahl & Luca Micheletto, 2005. "Optimal Utilitarian Taxation and Horizontal Equity," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 7(4), pages 681-708, October.
    8. Tom Bundervoet & Philip Verwimp, 2005. "Civil War and Economic Sanctions: Analysis of Anthropometric Outcomes in Burundi," HiCN Working Papers 11, Households in Conflict Network.
    9. Kellner, Christian & Reinstein, David & Riener, Gerhard & Sanders, Michael, 2015. "Giving and Probability," Economics Discussion Papers 13794, University of Essex, Department of Economics.
    10. Nicola Barban & Elisabetta De Cao & Marco Francesconi, 2021. "Gene-Environment Effects on Female Fertility," CESifo Working Paper Series 9337, CESifo.
    11. Bhargava, Alok, 1997. "Nutritional status and the allocation of time in Rwandese households," Journal of Econometrics, Elsevier, vol. 77(1), pages 277-295, March.
    12. Tikoudis, Ioannis, 2023. "Revisiting the Pigouvian tax in urban roads: Housing supply restrictions, leaking profits and spatial inequality," Economics of Transportation, Elsevier, vol. 35(C).
    13. Giacomo De Giorgi & Anders Frederiksen & Luigi Pistaferri, 2020. "Consumption Network Effects," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 87(1), pages 130-163.
    14. Reinstein, David, 2006. "Does One Contribution Come at the Expense of Another? Empirical Evidence on Substitution Between Charitable Donations," Economics Discussion Papers 2938, University of Essex, Department of Economics.
    15. Alegre, Joaquín & Mateo, Sara & Pou, Llorenç, 2011. "A latent class approach to tourists’ length of stay," Tourism Management, Elsevier, vol. 32(3), pages 555-563.
    16. Jes Winther Hansen, 2005. "Present-Biased Individuals, Optimal Paternalism, and Transfers in Kind," EPRU Working Paper Series 05-11, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics.
    17. Christophe Muller, 1997. "The consequences of past agricultural output on interacting nutrition and health of autarkic peasants: evidence from Rwanda," Economics Series Working Papers WPS/1997-07, University of Oxford, Department of Economics.
    18. Schultz, T. Paul, 2008. "Population Policies, Fertility, Women's Human Capital, and Child Quality," Handbook of Development Economics, in: T. Paul Schultz & John A. Strauss (ed.), Handbook of Development Economics, edition 1, volume 4, chapter 52, pages 3249-3303, Elsevier.
    19. Steven Block, 2002. "Nutrition Knowledge Versus Schooling in the Demand for Child Micronutrient Status," Working Papers in Food Policy and Nutrition 10, Friedman School of Nutrition Science and Policy.
    20. David Aristei & Luca Pieroni, 2005. "Estimating the Role of Government Expenditure in Long-run Consumption," Quaderni del Dipartimento di Economia, Finanza e Statistica 13/2005, Università di Perugia, Dipartimento Economia.
    21. Halvorsen, Bente & Larsen, Bodil Merethe, 2021. "Identifying drivers for the direct rebound when energy efficiency is unknown. The importance of substitution and scale effects," Energy, Elsevier, vol. 222(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:jfr:ijfr11:v:10:y:2019:i:5:p:204-207. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gina Perry (email available below). General contact details of provider: http://ijfr.sciedupress.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.