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individualistic societies. The paper first outlines the welfare axioms of Islamic economics compared to those of capitalism. Second …. Finally, it demonstrates optimum income transfer for social welfare maximization. Findings – The paper shows that Islamic … economics relying on certain welfare axioms aim for an altruistic society. It then theoretically proves that social well …
Persistent link: https://www.econbiz.de/10011145159
roots have remained firmly within the framework of rationalism/empiricism and methodological individualism. Consequently …
Persistent link: https://www.econbiz.de/10010685864
Purpose – The purpose of this paper is to identify the main determinants of the probability of a household being poor, middle class, or rich. Design/methodology/approach – A new and integrated approach to the measurement of inequality in income distribution, poverty, and richness was...
Persistent link: https://www.econbiz.de/10010686090
roots have remained firmly within the framework of rationalism/empiricism and methodological individualism. Consequently …
Persistent link: https://www.econbiz.de/10010742462
Purpose – The purpose of this paper is to identify the main determinants of the probability of a household being poor, middle class, or rich. Design/methodology/approach – A new and integrated approach to the measurement of inequality in income distribution, poverty, and richness was...
Persistent link: https://www.econbiz.de/10010742477
Purpose – The purpose of this paper is to bring out with analytical argumentation and mathematical treatment the central problem of Islamic economics, finance, institutionalism and socio-scientific thought as it is being practiced today and for some time now. The problem arises from the...
Persistent link: https://www.econbiz.de/10010565830
Capital structure theories in finance aim towards an ideal debt-equity ratio in the traditional interest-based financial system. The capital structure theories as per the Shariah law also aim towards an ideal debt-equity ratio but the debt contract used here is different with different...
Persistent link: https://www.econbiz.de/10010669669
Islamic religion, and mainly to assert that ethics constitute endogenous phenomena in Islamic economics. In Islam, economic … derived from the main sources of Islam namely: the Quran (the holy book of Islamic religion) and Sunnah (the teachings and … behaviours of the prophet of Islam: Muhammad PBUH 570-632 AD). Both of them represent the principal pillars of Shariah (Islamic …
Persistent link: https://www.econbiz.de/10011106431
conscious and pious world nation of Islam) is possible in these prevailing mechanisms that serve as link to the world capitalist …
Persistent link: https://www.econbiz.de/10008539348
conscious and pious world nation of Islam) is possible in these prevailing mechanisms that serve as link to the world capitalist …
Persistent link: https://www.econbiz.de/10005751998