IDEAS home Printed from https://ideas.repec.org/a/ers/ijebaa/vviiiy2020i3p293-306.html
   My bibliography  Save this article

Microeconomics and Tawhid String Relation Concept (TSR)

Author

Listed:
  • Lucky Nugroho
  • Caturida Meiwanto Doktoralina
  • Fitri Indriawati
  • Safira Safira
  • Salimah Yahaya

Abstract

Purpose: This research focuses on microeconomics and Tawhid String Relation (TSR) in relation to Islamic law (Shariah) as it is used in everyday problem solving. Design/Methodology/Approach: This study uses the content analysis method through a documentation study. Findings: The results indicate that financial resources are not the only productive assets of individuals but what they are needed for the development of other factors within the Islamic concept. Practical Implications: The study can contribute to promoting Islamic assets—e.g. micro-financing, Islamic Bank, Waqf, and Accounting zakat—which emphasize social justice. Regarding future research, the present findings need to be tested in the field. Originality/Value: The study contributes to compiles prior research and contributes new interpretations to Indonesian researchers, especially concerning ethical, moral, social and religious factors that promote Islamic assets (e.g. the use of microfinance to emphasize social justice in accordance with Shariah).

Suggested Citation

  • Lucky Nugroho & Caturida Meiwanto Doktoralina & Fitri Indriawati & Safira Safira & Salimah Yahaya, 2020. "Microeconomics and Tawhid String Relation Concept (TSR)," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(3), pages 293-306.
    • Handle: RePEc:ers:ijebaa:v:viii:y:2020:i:3:p:293-306
    as

    Download full text from publisher

    File URL: https://www.ijeba.com/journal/516/download
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Marek Hudon & Marc Labie & Patrick Reichert, 2017. "What is a fair profit for social enterprise? Insights from microfinance," Working Papers CEB 17-024, ULB -- Universite Libre de Bruxelles.
    2. Marc Labie, 2013. "Introduction," Mondes en développement, De Boeck Université, vol. 0(3), pages 7-8.
    3. Beatriz Armendáriz & Jonathan Morduch, 2010. "The Economics of Microfinance, Second Edition," MIT Press Books, The MIT Press, edition 2, volume 1, number 0262014106, December.
    4. Lucky Nugroho & Ahmad Badawi & Nurul Hidayah, 2019. "Discourses of Sustainable Finance Implementation in Islamic Bank (Cases Studies in Bank Mandiri Syariah 2018)," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 10(6), pages 108-117, October.
    5. Halima Begum & A.S.A. Ferdous Alam & Md Aslam Mia & Faruk Bhuiyan & Ahmad Bashawir Abdul Ghani, 2018. "Development of Islamic microfinance: a sustainable poverty reduction approach," Journal of Economic and Administrative Sciences, Emerald Group Publishing Limited, vol. 35(3), pages 143-157, November.
    6. Luminita Postelnicu & Niels Hermes, 2018. "Microfinance Performance and Social Capital: A Cross-Country Analysis," Journal of Business Ethics, Springer, vol. 153(2), pages 427-445, December.
    7. Gillian Rice, 2006. "Pro-environmental Behavior in Egypt: Is there a Role for Islamic Environmental Ethics?," Journal of Business Ethics, Springer, vol. 65(4), pages 373-390, June.
    8. Marek Hudon & Marc Labie & Patrick Reichert, 2020. "What is a Fair Level of Profit for Social Enterprise? Insights from Microfinance," Journal of Business Ethics, Springer, vol. 162(3), pages 627-644, March.
    9. Beatriz Armendáriz & Marc Labie, 2011. "Introduction and Overview: An Inquiry into the Mismatch in Microfinance," World Scientific Book Chapters, in: Beatriz Armendáriz & Marc Labie (ed.), The Handbook Of Microfinance, chapter 1, pages 3-13, World Scientific Publishing Co. Pte. Ltd..
    10. Caturida Meiwanto Doktoralina & Fikki Mutarotun Nisha, 2020. "Mudharabah Deposits Among Conventional Bank Interest Rates, Profit-Sharing Rates, Liquidity and Inflation Rates," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 11(1), pages 25-33, January.
    11. Caturida Meiwanto Doktoralina & Zakaria Bahari, 2018. "Zakat Accounting Information System in Private Higher Education," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 3), pages 265-275.
    12. Rozzani, Nabilah & Mohamed, Intan Salwani & Syed Yusuf, Sharifah Norzehan, 2017. "Risk management process: Profiling of islamic microfinance providers," Research in International Business and Finance, Elsevier, vol. 41(C), pages 20-27.
    13. Prasenjit Roy & Ambika Prasad Pati, 2018. "Double bottom line commitments of microfinance: evidence from Indian institutions," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 46(1), pages 116-131, August.
    14. Beatriz Armendáriz & Marc Labie (ed.), 2011. "The Handbook of Microfinance," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 7645, January.
    15. repec:idn:jimfjn:v:1:y:2015:i:1d:p:1-28 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mohd Sadiq Mohd Mokhtar & Fadzila Azni Ahmad, 2021. "Non-Profit Islamic Institutions and Quality Management Systems in Malaysia," International Journal of Higher Education, Sciedu Press, vol. 10(3), pages 1-16, June.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Arshad A. Khan & Sufyan U. Khan & Shah Fahad & Muhammad A. S. Ali & Aftab Khan & Jianchao Luo, 2021. "Microfinance and poverty reduction: New evidence from Pakistan," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(3), pages 4723-4733, July.
    2. Anaïs Périlleux & Ariane Szafarz, 2022. "Women in the boardroom: a bottom–up approach to the trickle-down effect," Small Business Economics, Springer, vol. 58(4), pages 1783-1800, April.
    3. Hadar Gafni & Marek Hudon & Anaïs Périlleux, 2021. "Business or Basic Needs? The Impact of Loan Purpose on Social Crowdfunding Platforms," Journal of Business Ethics, Springer, vol. 173(4), pages 777-793, November.
    4. Lucky Nugroho & Wiwik Utami & Taufik Akbar & Willy Arafah, 2017. "The Challenges of Microfinance Institutions in Empowering Micro and Small Entrepreneur to Implementating Green Activity," International Journal of Energy Economics and Policy, Econjournals, vol. 7(3), pages 66-73.
    5. Patrick Reichert, 2018. "A meta-analysis examining the nature of trade-offs in microfinance," Oxford Development Studies, Taylor & Francis Journals, vol. 46(3), pages 430-452, July.
    6. Filer, Randall K. & Hanousek, Jan & Alimukhamedova, Nargiza, 2015. "The Importance of Geographic Access for the Impact of Microfinance," CEPR Discussion Papers 10696, C.E.P.R. Discussion Papers.
    7. Elizabeth A. M. Searing, 2021. "Resilience in Vulnerable Small and New Social Enterprises," Sustainability, MDPI, vol. 13(24), pages 1-21, December.
    8. Nargiza Alimukhamedova, 2014. "Microfinance Environment in Uzbekistan: Analysis of Supply and Demand," Working Papers 344, Leibniz Institut für Ost- und Südosteuropaforschung (Institute for East and Southeast European Studies).
    9. Barry, Thierno Amadou & Tacneng, Ruth, 2014. "The Impact of Governance and Institutional Quality on MFI Outreach and Financial Performance in Sub-Saharan Africa," World Development, Elsevier, vol. 58(C), pages 1-20.
    10. Pascale Lehoux & Hudson Pacifico Silva & Renata Pozelli Sabio & Federico Roncarolo, 2018. "The Unexplored Contribution of Responsible Innovation in Health to Sustainable Development Goals," Sustainability, MDPI, vol. 10(11), pages 1-21, November.
    11. Arrassen, Wassini, 2013. "La microfinance : quelles leçons tirées des expériences des pays en développement ?," Economics Thesis from University Paris Dauphine, Paris Dauphine University, number 123456789/12692 edited by Avouyi-Dovi, Sanvi.
    12. Beisland, Leif Atle & Mersland, Roy & Randøy, Trond, 2014. "The Association between microfinance rating scores and corporate governance: a global survey," International Review of Financial Analysis, Elsevier, vol. 35(C), pages 268-280.
    13. Patrick Reichert & Marek Hudon & Ariane Szafarz & Robert K. Christensen, 2021. "Crowding-In or Crowding-Out? How Subsidies Signal the Path to Financial Independence of Social Enterprises," Working Papers CEB 21-014, ULB -- Universite Libre de Bruxelles.
    14. Moez Bennouri & Anastasia Cozarenco & Samuel Anokye Nyarko, 2024. "Women on Boards and Performance Trade-offs in Social Enterprises: Insights from Microfinance," Journal of Business Ethics, Springer, vol. 190(1), pages 165-198, February.
    15. Ahmad, Syedah & Lensink, Robert & Mueller, Annika, 2020. "The double bottom line of microfinance: A global comparison between conventional and Islamic microfinance," World Development, Elsevier, vol. 136(C).
    16. Rients Galema & Robert Lensink & Roy Mersland, 2012. "Governance and Microfinance Institutions," Chapters, in: James R. Barth & Chen Lin & Clas Wihlborg (ed.), Research Handbook on International Banking and Governance, chapter 29, Edward Elgar Publishing.
    17. Wiwik Utami & Lucky Nugroho & Kelum Jayasinghe, 2021. "Carbon Credit Risk Mitigation of Deforestation: A Study on the Performance of P2H Products and Services in Indonesia," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 12(2), pages 125-137, April.
    18. Wu, Wentao & Lin, Zhilu & Oghazi, Pejvak & Patel, Pankaj C., 2022. "The impact of demonetization on microfinance institutions," Journal of Business Research, Elsevier, vol. 153(C), pages 1-18.
    19. Bhuiyan, Muhammad Faress & Ivlevs, Artjoms, 2019. "Micro-entrepreneurship and subjective well-being: Evidence from rural Bangladesh," Journal of Business Venturing, Elsevier, vol. 34(4), pages 625-645.
    20. Hailu Abebe Wondirad, 2022. "Interest rates in microfinance: What is a fair interest rate when we lend to the poor?," Quality & Quantity: International Journal of Methodology, Springer, vol. 56(6), pages 4537-4548, December.

    More about this item

    Keywords

    Islamic asset; microeconomic; microfinance; Tawhid String Relation.;
    All these keywords.

    JEL classification:

    • D04 - Microeconomics - - General - - - Microeconomic Policy: Formulation; Implementation; Evaluation
    • H7 - Public Economics - - State and Local Government; Intergovernmental Relations

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ers:ijebaa:v:viii:y:2020:i:3:p:293-306. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marios Agiomavritis (email available below). General contact details of provider: https://ijeba.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.