Dynamics of Consumption in Islam: A Qualitative Analyses

Abstract

Role of a Muslim is vital in molding the consumption patterns according to the Islamic ideology. Islam, as a religion, holds strong foundations in reshaping the consumption in a way that benefits the consumer and also helps catering the socio-economic issues. This study is an attempt to synthesis the references from the divine sources of guidance which are The Holy Quran (The Book of Allah Almighty) and Hadith (The Sayings of Prophet Muhammad (Peace Be Upon Him)), coupled with the empirical literature for drawing the suitable conclusions on consumption in the lens of difference spheres such as zakat, halal and haram, consumer protection, globalization, technology, and environment and sustainability. The study concludes the adjustment of the attitude of a Muslim and the consumption patterns in consistent with the teachings of Islam for satisfying the role of a vicegerent towards the creator of the universe.