Sunday, December 28, 2014

The theory of consumer behavior (2)

There are two methods that are being used in explaining economic phenomenon:
o   positive;
o   and normative.
Islamic economists meanwhile refer to Islamic sources such as:
o   Quran;
o   Sunnah;
o   Ijma;
o   Qiyas (normative)
and refer to conventional theories that are not contradicting with Shariah in clarifying their economic issues (positive).
The theory of consumer behaviour between conventional and Islamic economic systems can be differentiated by looking into its principles and postulates.
The study chooses comparative approach in which the worldview and the methodologies of both systems are discussed simultaneously.
to be continued...


Source: Islamic Science University of Malaysia

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