Wednesday, January 21, 2015

The theory of consumer behavior (9)

o   to have the resources;
o   and doing any activities that are permissible.
But, human must aware that wealth not belongs to them, the truth owner is Allah.
Human hired by Allah as His Caliph in this world to manage with what commanded by Allah.
Allah mentions this phrase in Holy Quran:
“Behold, the Lord said to angles: I will create a vicegerent on earth”
(Holy Quran: 2:30)
The differences of rationality between the conventional and Islamic systems could be summarized as shown in the table below:
Rationality Elements
Conventional economic system
İslamic economic system
Worldview
Secular, keeping away any religious and moral values
Belief in the Day of Judgment
Self Interest
Maximize self interest without limit
Recognize self interest and limit it according to shariah compliance

to be continued...

Source: Islamic Science University of Malaysia

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