Islamic rationality of Muslim consumers: new insight from text analytics and Al-Ghazali’s thought

Muhammad Sholihin

Journal of Islamic Accounting and Business Research, 2023, vol. 15, issue 7, 1093-1117

Abstract: Purpose - This paper aims to review 69 studies related to Muslim consumer behavior and determine the relationship between these topics and Islamic rationality. In addition, this paper elaborates on Al-Ghazali’s Islamic rationality model. Design/methodology/approach - A text analytics approach is used to map 69 studies on Muslim consumer behavior. In addition, the historical-critical and inductive approach is used to identify Muslim scholars’ concepts and opinions regarding Islamic rationality, especially Al-Ghazali. Findings - This study confirms that Muslim consumer behavior is in line with the concept of Islamic rationality proposed by Al-Ghazali. This is evidenced by a strong awareness of Islamic morals and values, which fosters a high commitment to halal products. Practical implications - The findings of this study will provide essential benefits in the development of Islamic rationality theory, which can then be used as an alternative in explaining Muslim consumer behavior and also can be used as a reference for stakeholders in the industry to mainstream halalfication on products offered in the Muslim market. Originality/value - The value of originality in this study lies in identifying the relation between Islamic rationality and Muslim consumer behavior, and this effort was confirmed through 69 selected studies related to Muslim consumer behavior.

Keywords: Islamic rationality; Muslim consumer behaviors; Nafs Al-Mutmainnah; Nafs Al-Lawamah; Nafs Amarah; Rationality (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eme:jiabrp:jiabr-10-2022-0291

DOI: 10.1108/JIABR-10-2022-0291

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