Consumption and Morality: Principles and Behavioral Framework in Islamic Economics

14 Pages Posted: 30 Oct 2017

See all articles by Hafas Furqani

Hafas Furqani

State University of Ar-Raniry - Department of Islamic Banking

Date Written: April 2017

Abstract

Abstract. Consumption in Islamic economics is viewed as a positive action that would contribute to human wellbeing. Islam sees consumption as having a moral agenda and noble goals rather than viewing it as a mere wants-fulfillment enterprise in a personal self-pleasure agenda. The goal of consumption in an Islamic framework is not to gain personal wants satisfaction per se, as such effort would be a waste of time and meaningless. The goal instead, is to direct the consumption in achieving the individual and social wellbeing (maṣlaḥah) and the higher purpose of achieving God’s pleasure. With that perspective, the Qur’ān and Sunnah have laid down the guiding principles in consumption that would form the framework for consumption behavior in an Islamic economic perspective. The Islamic economic agents are expected to adopt the Islamic morality principles in their actual consumption. The orientation of the paper is normative in nature with the aim of conceptualizing the principles and behavioral framework of moral consumption in an Islamic perspective and elaborating the goals and guiding principles of consumption in an Islamic economic framework.

Keywords: consumption, morality, behavior, goals, guiding principles

JEL Classification: A13, D01, D11

Suggested Citation

Furqani, Hafas, Consumption and Morality: Principles and Behavioral Framework in Islamic Economics (April 2017). Journal of King Abdulaziz University: Islamic Economics, Vol. 30, No. SI, 2017, Available at SSRN: https://ssrn.com/abstract=3061373

Hafas Furqani (Contact Author)

State University of Ar-Raniry - Department of Islamic Banking ( email )

Jl. Ar-Raniry, Rukoh
Darussalam
Banda Aceh, Aceh 23111
Indonesia

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