Abstract
The objective of this study is to study an Islamic behavioral framework incorporating core Islamic moral values and contextual behavioral reasons both for and against which influence individuals’ empathy toward specific niyyah or worshipful intention. With this objective in view, the study explores existing Islamic ethical codes and moral values provided by their Islamic sources employing behavioral reasoning theory (BRT) as its base. In so doing, the study tests the model collating primary data collected from the potential borrowers of Islamic microfinance institutes residing outside Dhaka city. Data were analyzed following PLS-SEM technique using SmartPLS 3 software. The findings indicate that most of the associations between different constructs of the model are statistically significant implying the robust cohesion between the variables included in the model. The results also show that reasons for and against mediate significantly in the association between Islamic moral values and empathy. However, the model implies that it needs further examination in different diversified contexts of behavioral decision making process to confirm the validity of it.
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Article Details
- Year: 2023
- Volume: 44
- Issue: 2
- Pages: 107 - 129
- Accepted: 16.12.2022
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DOI:
https://doi.org/10.5281/zenodo.16892368 -
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How to Cite?
Mohammad Ali Ashraf, Shah Md. Safiul Hoque (2023). Islamic Reasoned Action: An Islamic Behavioral Model in the Case of Islamic Microfinance Institutes in Bangladesh. Journal of Economic Cooperation and Development, 44(2), 107-129. https://doi.org/10.5281/zenodo.16892368
