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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
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    References listed on IDEAS

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    1. 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.
    2. Beatriz Armendáriz & Jonathan Morduch, 2010. "The Economics of Microfinance, Second Edition," MIT Press Books, The MIT Press, edition 2, volume 1, number 0262014106, December.
    3. 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.
    4. 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.
    5. Dian Masyita, 2015. "Why Do People See A Financial System As A Whole Very Important?," Journal of Islamic Monetary Economics and Finance, Bank Indonesia, vol. 1(1), pages 1-28, August.
    6. 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.
    7. Marc Labie, 2013. "Introduction," Mondes en développement, De Boeck Université, vol. 0(3), pages 7-8.
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    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

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