... countries. It has been contradictive with the concept of hisbah (Islamic institutions responsible for controlling and addressing various irregularities occurring in the market) as control institutions that emphasize transparency and accountability through an Islamic moral economy. Research limitations...

... and MS themes without a more in-depth understanding of the disclosure quality and differentiation of high- and low-risk industry sectors toward MS . Originality/value To the best of the authors’ knowledge, this is the first paper to use moral economy and institutional theory lenses to explain...

...Mohd Mahyudi Purpose – The paper aims to revive the Islamic economic system discourse given the increasing interest in the moral economy agenda. Design/methodology/approach – Proponents of Islamic economics theorise that the Islamic system presents the ideal form of a socio-economic order...

..., particularly at the housing market. Necati Aydin can be contacted at: dr.necatiaydin@gmail.com © Emerald Group Publishing Limited 2015 Moral economy Financial crisis Animal spirit Capitalism Free market Human nature B40 and B50 The free market system has been on the rise since...