Islamic Consumer Research Articles

Pertumbuhan Ekonomi di Negara-negara Muslim Asia Tenggara Menurut Perspektif Ekonomi Islam (Studi Kasus Indonesia dan Malaysia)

This study aims to identify and analyze economic growth in Southeast Asian Muslim countries from an Islamic economic perspective (case studies of Indonesia and Malaysia). This type of research is causal associative. The population for this study is Indonesia and Malaysia. The population in this study is all data on the development of foreign investment, exports, inflation and exchange rates and GDP data in Indonesia and Malaysia in 2006-2021. so that the number of samples used is 32 sample data. Methods of data analysis using multiple linear regression. The results showed that exports and inflation had a partial effect on profit growth, while foreign investment and exchange rates had no effect on economic growth in Indonesia and Malaysia. Foreign Investment, Exports, inflation and exchange rates simultaneously influence Economic Growth in Indonesia and Malaysia from an Islamic perspective. From the analysis of the Islamic economic perspective, it can be concluded that in order to realize economic growth for the community, the objectives and facilities used must be in accordance with sharia values and principles based on the Al Quran and Sunnah. Islamic expenditure theory uses principles taken from Al-Qawaid Al-Fiqhiyyah in order to avoid potential spending inefficiencies, as well as Islamic consumption norms.

Influence of convenience, trust, and lifestyle on Islamic consumption behavior among millennials: A study on Shopeepay Later users

Technological advancements have transformed cellphones into multifunctional tools, significantly increasing internet usage in Indonesia. This study examines the impact of convenience, trust, and lifestyle on Islamic consumption behavior among millennials using Shopeepay Later. Utilizing a quantitative approach, data was collected via online questionnaires from 50 respondents in Semarang Regency. Multiple regression analysis was employed to evaluate the hypotheses. Findings reveal that lifestyle significantly influences Islamic consumption behavior, while convenience and trust do not have notable individual impacts but do collectively affect behavior. The study underscores the importance of integrating ethical education with financial literacy to foster responsible consumption aligned with Islamic values. These insights contribute to understanding how modern financial practices intersect with traditional ethical frameworks, offering valuable implications for policymakers and financial service providers aiming to promote balanced and ethical consumption practices among millennials.Keywords: convenience; trust; lifestyle; Islamic consumption behavior; Shopeepay Later.

The Factors Influencing Behavioural Intention Fintech Lending (Paylater) Among Generation Z Indonesian Muslims and Islamic Consumption Ethics Views

<p>This study seeks to investigate and analyze the factors that influence Generation Z’s use of fintech lending (paylater) in Jakarta, West Java, East Java, Central Java, and North Sumatra. This study employs a descriptive quantitative methodology and questionnaire distribution. The study employed purposive sampling. This study included 200 Generation Z respondents who have utilized fintech lending (paylater) as respondents. The method of data analysis employs Partial Least Square-Structural Equation Modeling (PLS-SEM) and SmartPLS version 3.2.9 software. The variables performance expectation, social influence, hedonic motivation, and habit have a positive and significant effect on behavioral intention, whereas effort expectation, facilitating conditions, and price value do not. In addition to testing the UTAUT 2 model, this research was conducted on Generation Z, where few research results are discussing the use of fintech lending (paylater). Generation Z is the generation that currently dominates the population in Indonesia and will be the next generation of Indonesians; therefore, it is essential to determine what factors play a role in encouraging the use of fintech lending (paylater) among Generation Z.</p><p><strong><em>Abstrak</em></strong></p><em>Penelitian ini tujuannya guna menyelidiki serta menganalisis faktor-faktor yang pengaruhi pemakaian fintech lending (paylater) generasi Z di Jakarta, Jawa Barat, Jawa Timur, Jawa Tengah, dan Sumatera Utara. Penelitian ini menggunakan metodologi kuantitatif deskriptif dan penyebaran kuesioner. Penelitian ini menggunakan purposive sampling. Penelitian ini melibatkan 200 responden generasi Z yang telah memanfaatkan fintech lending (paylater) sebagai responden. Metode analisis data memakai perangkat lunak PLS-SEM dan SmartPLS versi 3.2.9. Variabel ekspektasi kinerja, pengaruh sosial, motivasi hedonis, serta kebiasaan berpengaruh positif juga signifikan pada niat berperilaku, sedangkan ekspektasi upaya, kondisi fasilitasi, dan nilai harga tidak. Selain menguji model UTAUT 2, penelitian ini dilakukan pada generasi Z, dimana hasil penelitian yang membahas tentang penggunaan fintech lending (paylater) masih sedikit. Generasi Z merupakan generasi yang sekarang mendominasi jumlah penduduk di Indonesia dan akan menjadi generasi penerus bangsa Indonesia; Maka dari itu, penting agar tau faktor apa saja yang berperan untuk mendorong penggunaan fintech lending (paylater) di kalangan generasi Z. </em>

Islamic Consumption Principle And Religiosity Toward Muslim Community Consumption Behavior

Islamic consumption behavior must reflect a Muslim's closeness to Allah, obtained in the right way, reasonable, transparent, not wasteful, not redundant, not excessive, and there are limits on consumption. For this reason, Muslims in consuming must comply with the rules of Islamic teachings. This study aims to analyze and demonstrate the effect of Islamic consumption principles and religiosity on the consumption behavior of Muslim communities. The methodology used is quantitative with the SEM-SmartPLS analysis tool. The population in this study is the entire productive Muslim community in Pekanbaru, whose exact number is unknown. The sampling technique of this study was carried out using random sampling of 107 Muslim communities. The study results show that the principle of Islamic consumption does not affect the consumption behavior of Islamic society. Religiosity positively and significantly affects the consumption behavior of the Islamic community. The principle of Islamic consumption and religiosity can simultaneously explain the consumption behavior of Muslim society by 56.7% and have a strong relationship. This research theoretically can make religiosity a theoretical basis and measure Muslim society's consumption behavior. While practically, it can be a reference in prioritizing beliefs or faith, religious practices, religious knowledge, experiences, and consequences on the consumption behavior of Muslim communities.

Analisis Kinerja Keuangan terhadap Pertumbuhan Laba Industri Barang Konsumsi Syariah

The purpose of this study was to analyze the effect of financial performance on profit growth in the Islamic consumer goods industry. The data used is secondary data in the form of financial reports that have been published through the official website www.idx.co.id. The selection of this research sample used a purposive sampling method and obtained as many as 20 companies that met the criteria. Methods of data analysis using multiple linear regression with SPSS version 25.0. Based on the research results, it is known that CR has a good average value according to industry standards, namely 200%, DAR has a fairly good average value according to industry standards, namely 35%, TATO has a fairly good average value according to industry standards. industry, namely 2 times, NPM has a fairly good average value in accordance with industry standards, namely 20%. The conclusions from this study are that partially the current ratio, debt to asset ratio, total asset turnover, net profit margin have a positive and significant effect on profit growth in the Islamic consumer goods industry.
 Keywords: CR, DAR, NPM, Profit Growth, TATO

Tafsir of Qur'anic Verses on Consumption

The Qur'an is a source of excavation and development of Islamic teachings in various dimensions of human life. This paper tries to develop economic studies from an economic point of view based on the interpretation of the Qur'an. As a methodology, tafsir plays an important role in order to develop the discipline of Islamic economics. The model of economic interpretation derived from the thematic interpretation of the Qur'an is developed through four phases including; Classification of Qur'anic verses related to economics, understanding them based on chronology, micro and macro context, and socioeconomic contextualization. In summary, this paper reveals that consumption behavior in the Qur'an is harmoniously regulated, gradual and systematically to propose a new model of consumption for Muslims through Islamic consumption behavior.

Hedonis Lifestyle on Impulse Buying Behavior Monzer Kahf Islamic Consumption Perspective

Hedonic is a lifestyle of an individual to spend time having fun. This lifestyle triggers impulse buying behavior which is included in consumptive behavior. This study aims to answer the questions of how hedonic lifestyles affect impulse buying behavior and how hedonic lifestyles affect impulse buying behavior from the Islamic consumption perspective of Monzer Kahf. The type of research is field research which focuses on a case study. The research location is at PP Al-Fath Kediri. This research uses a qualitative approach. Data sources come from primary and secondary data collected through observation, interviews, and documentation. The validity of the data is carried out by increasing the accuracy of the research, using reference sources, triangulation, and conducting member checks. The results of this study indicate that (1) Students who live at PP Al-Fath prefer to spend their free time shopping online because they are considered more flexible. This is included in the hedonic lifestyle that can trigger impulse buying behavior. (2) The hedonic lifestyle of the impulse buying behavior of PP Al-Fath students contradicts the consumption theory expressed by Monzer Kahf, which includes rationalism and the concept of goods in Islam.

Potensi Pengolahan Salami (Sosis Fermentasi) Daging Kambing

Goats are ruminants that can take advantage of low-quality forage for basic needs and production. Goat can be used as an alternative to consuming processed beef products. One of the processed beef products is salami. Salami is one of the processed meats made from a mixture of meat and fat that is made through a fermentation process. The process of processing salami involves fermentation. This fermentation uses a starter made from lactic acid bacteria. The bacteria usually used in making salami are lactic acid bacteria, namely Lactobacillus bulgaricus, Streptococcus thermophilus, and Lactobacillus acidophilus. Salami usually uses a mixture of pork and beef as a base, but it is possible to make it from other livestock meat, for example, Goats. Salami from pork is not allowed for Islamic consumers because it is forbidden according to Islamic religion, while salami from beef has a costly price compared to the price of goat meat.

Islamic Consumer Behavior: A Bibliometric Analysis

This study aims to find out and analyze the main information, publication growth, the growth of this journal, growth based on institutions, researcher productivity, a publication based on the state, publication based on subjects, publications based on document types, thematics maps, network visualization, overlay visualization, density visualization, relationships between writers, dendrogram maps, and trend growth of keywords. The research uses the bibliometric method. Data collection by searching through the Scopus database with the keyword Islamic Consumer Behavior with Article Title Categories, Abstract, Keywords in the period 2006-2021. Data were analyzed by year, the author, the origin of the author, and the subject use of Microsoft Excel 2010. As for the map of publication development, it is analyzed using R-STUDIO software, and VosViewer. The results of research from this article itself found that the Malaysian state became the most contributing country related to the topic of Islamic consumer behavior with 89 most productive documents and writers on the topic of Islamic consumer behavior was Hanudin Amin from the Malaysian Sabah Universiti with 18 documents. The originality of this study is the first study of reviewing and mapping Islamic Consumer Behavior studies using bibliometric analysis, data used from year to year. All articles published in the journal have been reviewed in terms of methodology, state/state groups cases, and top tops/subtopics for future research. Keywords: Islamic consumer behavior, Islamic consumer, Consumer behavior, Bibliometric

Application of tawarruq in Islamic banking institutions in Somalia

PurposeThe purpose of this study is to examine the acceptability of tawarruq in the banking industry in Somalia, focusing on awareness, need, compatibility, relative advantage, behavioral attitude and the role of Shariah scholars. This study is governed by the Theory of Islamic Consumer Behavior.Design/methodology/approachA questionnaire survey was conducted involving 150 customers of Islamic banks in Mogadishu, Somalia. This research adopts a quantitative methodology, using descriptive and survey analyses by employing SPSS 23. Smart-PLS-4 SEM was used to test the six hypotheses established in the study.FindingsThis study provides evidence that the customers of Islamic banks in Somalia are looking forward to Islamic banks offering tawarruq in the country. Respondents viewed tawarruq as a very attractive product compared to other existing products of Islamic banks in the country. The need for tawarruq, its compatibility and relative advantage have a positive and significant influence on the intention to use tawarruq products for cash financing purposes, whereas customer awareness, behavioral attitudes and the role of Shariah scholars have insignificant influence.Practical implicationsThe findings of this study can be beneficial to all Islamic financial institutions in Somalia by applying tawarruq contract to facilitate cash financing.Originality/valueThis study contributes to the literature by enhancing the awareness of tawarruq in Somalia. The study also shed light on the need of Islamic banks’ customers on tawarruq for cash financing purposes in Somalia.

The Implementation of Islamic Consumption in Islamic Boarding School Residents

This study aims find Islamic consumption patterns regarding halal and toyyib aspects, simplicity in consumption, and income redistribution implemented by residents of Islamic boarding schools, especially residents of Hidayatullah Islamic boarding schools in Towuti.This research used descriptive qualitative method where data collection was carried out using triangulation method. The participants in this study were limited to residents of the Hidayatullah Islamic Boarding School who belonged to the Towuti Mushida group. The results of this study indicate that the residents of the Hidayatullah Islamic Boarding School in Towuti are trying to apply a halal and toyiban consumption pattern, live with a simple life, and share or help each other based on the advice in Islam.

Maqasid Sharia-Based Financial Plan to Prevent Conspicuous Consumption Among Muslim Household

The trend of the flexing phenomenon, especially on social media, is currently causing various reactions, one of which is the tendency to consume and use various luxury facilities. In consumer behavior, this phenomenon is referred to as Conspicuous Consumption. In today's modern world, it happens not only to upper-class consumers, but also to everyone in the community with various goals, including the goals of acquiring social status, prestige, or wealth. For lower-middle households, of course, this is a problem, so financial planning is needed. This study aims to explore the perspective of Maqasid Sharia in financial planning for Muslim families as a solution to the Conspicuous Consumption phenomenon. This research is a qualitative descriptive study with a library research approach. Data were obtained from official reports as well as other literature from journals, books and websites. The results of this study indicate that financial planning based on the Maqasid Sharia hierarchy, namely Dharurriyah, Hajiyyah and Tahsiniyyah can prevent the phenomenon of Conspicuous Consumption in Muslim households. In addition, Islamic consumption which prohibits Israf and aims to achieve Maslahah is a contradiction to Conspicuous Consumption. Good financial planning will ultimately bridge Muslim families to achieve prosperity in this world and the hereafter.

Pemikiran Ekonomi Islam Monzer Khaf

Islamic man is the basic assumption of Monzer khaf in his thinking, socio economic justice in Islamic can be achieved when it can combine zakat or alms to the economic aggregate, carry out economic activities in accordance with the rules of Islamic economics, in Islamic consumption, it is required to consume al- Tayyibat and al-Rizq, zakat is ameans of distributing wealh from the rich to the poor, al-Qirad as a form of cooperation between capital owners and entrepreneurs. This money should not be used as a benchmark for prices where the quantity affects various transactions. Therefore, Monzer Khaf is very concerned about the consumption of goods so that there will be no mistakes. Islamic man is the basic assumption of Monzer khaf in his thinking, socio economic justice in Islamic can be achieved when it can combine zakat or alms to the economic aggregate, carry out economic activities in accordance with the rules of Islamic economics, in Islamic consumption, it is required to consume al- Tayyibat and al-Rizq, zakat is ameans of distributing wealh from the rich to the poor, al-Qirad as a form of cooperation between capital owners and entrepreneurs. This money should not be used as a benchmark for prices where the quantity affects various transactions. Therefore, Monzer Khaf is very concerned about the consumption of goods so that there will be no mistakes.

Accelerating Industrial Output Growth through Islamic Bank Decomposed Financing Optimization in Malaysia

Literature shows two hypothesis ‘More finance more growth’ formed u-shape and ‘too much finance’ formed an inverted u-shape profile. Existing literature shows contradicting findings on finance growth nexus by taking only a single indicator of total financing, where financial expansion is detrimental to growth if it surpasses a specific threshold point. This gap is addressed in this study by decomposing Islamic financing into Islamic producer financing (IPF) and Islamic consumer financing (ICF) and its quadratic impact on industrial output growth in Malaysia. Autoregressive Distributive lag (ARDL) approach is applied over the period of 2008; Q1 to 2020; Q4 and, in order to visualize the effect of moderator to the nonlinear model, this study have used Dawson (2014) approach. This study demonstrates a u-shaped relationship between Islamic decomposed financing and sectoral output growth, highlighting that financial development starts to accelerate the growth, once it surpassed the calculated threshold point. With the intention to determine the right financial ceiling to restrict financial activity, threshold points are crucial to the regulators. Our findings imply that policymakers should not only enhance financing, but also improve the quality of the financial system for potential growth. This necessitates the simultaneous expansion and tightening of financial rules, as well as the attendant supervision and surveillance of financial activities, in order to preserve the integrity of finance growth nexus and avoid the ‘vanishing effect’ which may lead to the incidence of future economic crises. This study enriches the discussion on Islamic decomposed financing and the threshold effect to contribute to the economic growth of the country.

Discovering Islamic values: a classical grounded theory approach

PurposeValues are both an effective variable and a powerful stimulus for consumer behavior. Values are different concepts and classifications influenced by factors such as culture and religion in different societies. This paper aims to identify the classification of values in an Islamic country’s context, Iran.Design/methodology/approachIranian dominant values were identified through qualitative analysis and in-depth interviews with 77 interviewees. Grounded theory was used to identify theoretical categories that are derived from the interview data through the use of the constant comparative method.FindingsThe findings revealed three categories of hedonic, utilitarian and Islamic spiritual values, which include 10 types of values. The third value (Islamic spiritual) was identified and defined according to the Iranian Islamic religion and ideology. Interviewees expressed their values, attitudes and behaviors within the framework of their unique value system.Originality/valueTo the best of the authors’ knowledge, this paper is one of the first articles that pay special attention to Islamic spiritual values as an influential value category in the buying behaviors and intentions of Iranian consumers. Undoubtedly, identifying these values can be an introduction to studying behaviors influenced by values and a powerful tool for managers to predict and evaluate Islamic consumers’ behavior and lifestyles.

Islamic religiosity and consumer ethnocentrism in post-Arab Spring countries

PurposeReligious tendencies have increased in post-Arab Spring countries, raising the question of whether this geopolitical event has affected consumers' orientations towards foreign products, including those that have positive country-of-origin image. This paper investigates the effect of Islamic religiosity on the relationship between consumer ethnocentrism and buying intention towards products from a developed country (France) in an Arab Spring country (Tunisia).Design/methodology/approachA survey questionnaire was lunched and data was collected from 492 Tunisian consumers living in both rural and urban areas. Research hypotheses were tested using a Partial Least Square- Structural Equation Modelling (PLS-SEM) method.FindingsTunisian consumers do not associate their ethnocentric feelings towards French products with their Islamic religiosity. Results show that both highly and moderately religious Tunisians trust French products because of their high country-of-origin image and their potential social connotations.Originality/valueThe results of this paper contribute to the literature that focuses on understanding consumption behaviours in developing countries in the aftermath of geopolitical events such as the Arab Spring.

The Role of the Axiom of Islamic Rationality in the Decision to Purchase halal-labeled Cosmetics (Study on Students of Mamba'ul Hikam Islamic Boarding School)

Abstract. This study aims to analyze the significant influence between the rationality of Islamic consumption and the decision to purchase cosmetics labeled halal on consumers, especially Islamic boarding school students Mambaul Hikam. This research uses descriptive quantitative methods. The population used was all female students, with a total sample of 40 respondents taken using purposive sampling technique. Data were analysis performed through regression analysis using SPSS version 22. Results of regression analysis in this study is a positive significant effect halal label to the rationality of Islamic consumer on purchasing decisions purchase halal cosmetics.
 Keywords: Islamic Consumption Rationality; Cosmetics; Halal Label; Purchase Decision

FRAMEWORK OF ISLAMIC CONSUMER BEHAVIOR: EXPLORING THE FOUNDATION OF ISLAMIC CONSUMER BEHAVIOR AND MOTIVATION

This research paper critically evaluates the key concepts in consumer behavior such as needs, wants, consumerism, self-concept and motivation from Islamic perspective and propose Islamic framework to understand consumer buying behavior. The study uses an integrative review method to synthesize and summarizing the previous literature related to the phenomenon. The content/critical analysis of literature across multiple studies is conducted to summarize and draw the conclusion. The sources reviewed in the paper include holy verses from Quran & Hadith (prophetic narration), peer-reviewed journal articles and other online resources. Findings from content analysis reveals that process of needs and wants satisfaction in Islam is mainly governed by Islamic values, traditions, and principles contrary to rational economic theory. Consumption and satisfaction are broadly lay down on the principles and values derived from Islamic traditions (Quran and Hadith) which are up to some extent contrary to the modern conception of commoditization culture. However, Islamic consumption is meaningful and linked with greater purpose such as well-being, responsibility, moderation, and conservation of resources which equates with the concept of corporate social responsibility (CSR) and sustainability.

Konsep Maslahah dan Tinjauan Preferensi Konsumsi Islami pada Bulan Ramadhan di Indonesia

Consumption is the main activity in human life. Allah created everything in this universe to be managed which in the end humans also consume it. For this reason, it is important to discuss consumption patterns so that someone is always on the path of Islamic consumption as the example of the Prophet Muhammad SAW. The level of consumption in the month of Ramadan generally increases significantly, so it is necessary to conduct research on consumption patterns that lead to maslahah and Islamic consumption preferences. So, this study aims to find out how the concept of maslahah and Islamic consumption preferences during the month of Ramadan in Indonesia. This research is a library research with a qualitative descriptive approach. The results showed that the recovery in household consumption in the first quarter grew in the range of 4.12% and will continue into the second quarter. Likewise on the side of money circulation, where based on the amount of money in circulation, consumption credit grew by 6% in March 2022. Furthermore, the correlation formed in the relationship between maslahah and preferences is that maslahah has an effect on Islamic consumption preferences. The higher the level of maslahah, the closer the individual will be to falah, for that consumption preferences are expected to reach falah immediately as part of the aspect of maximizing maslahah.

How Does Muslim Consumer Interest the Implementation of Islamic Consumption Behaviour during The Covid-19 Pandemic?

Introduction: The implementation of the Islamic consumption behaviour is applying consumption actions or behaviors under Islamic principles. The application of Islamic consumption is influenced by the motivation and interest of a person to get satisfaction with goods/services. Purpose: This research paper aims to analyze the influence of Muslim Consumer Interest in halal goods/services on the implementation of Islamic Consumption Behavior. Methodology: The analytical method used quantitative analysis of primary data with non-probability sampling techniques. A total of 110 respondents were surveyed through an online questionnaire on the Muslim consumer in Semarang. The analysis model using a linear regression model. Findings: The results in this study showed the consumption of halal goods/services by Muslim Consumer Interest (CI) has a positive and significant influence toward the implementation of Islamic Consumption Behavior (ICB) in Semarang. The results of this study have implications for the government and regional policymakers, especially in Semarang, as evaluation materials and policies for campaigning the Islamic consumption behavior program. In addition, this study also contribute to the existing literature and add to the study of Islamic consumption theory based on a quantitative analysis approach. Paper Type: Research Article