The Social Sciences
ISSN: Online 1993-6125ISSN: Print 1818-5800
Abstract
The relationship between religion, income and consumption have been explored in several studies. In this study, we extend this inquiry by arguing that religion variable plays an important role in influencing the patterns of income and consumption among the household. According to Bank Negara Malaysia the ratio of household debt to Gross Domestic Product (GDP) for 2013 is above the level of 86.8% in order to accommodate family life in nowadays situation. Therefore, this study is expected to serve as a preliminary study to see how the religious factor in the Islamic economy can educate the Muslims on how they manage income and expenses wisely. This study also discussed on the construct validity and reliability of ‘Muslim Religiosity Index’ on household consumption pattern by using religious dimension and spending pattern dimension. The instrument was developed based on past literature, expert opinion and research objectives. Expert interview has been done to validate the instrument construct and content while Cronbach’s alpha coefficient has been used to identify the value and level of internal consistency. Based on the result, some improvements on the instrument item need to be done for the next research.
How to cite this article:
Zaleha Mohamad, Shahida Shahimi, Rahmah Ismail and Noorhaslinda Kulub Abd. Rashid. The Measurement of ‘Muslim Religiosity Index’ in Islamic Economic Consumption.
DOI: https://doi.org/10.36478/sscience.2016.7478.7482
URL: https://www.makhillpublications.co/view-article/1818-5800/sscience.2016.7478.7482