Islamic Finance News- UAE: Emirates Islamic Bank to support Dubai Hospital expansion with AED25 million (US$6.81 million) donation
- UAE: Amlak Finance to sell 25 million treasury shares in share buy-back exercise
- SAUDI ARABIA: Siraj Omar Siraj Jamal takes new position as CEO of Saudi Indian Company for Cooperative Insurance
- SAUDI ARABIA: Mansour Al-Busaili resigns from Saudi Cooperative Reinsurance Company’s board of directors
- GLOBAL: IsDB launches cash Waqf Sukuk to raising funds internally for poverty alleviation projects
- GLOBAL: Kuwait Finance House board of directors approve final exchange ratio of shares with Ahli United Bank-Bahrain
- SAUDI ARABIA: Saudi Arabia to implement updated Zakat collection regulations for commercial establishments in January 2020
- KUWAIT: Ahli United Bank offloads shares in Kuwait and Middle East Financial Investment Company
- MALAYSIA: Islamic Banking & Finance Institute Malaysia and Universiti Sains Islam Malaysia to train 200 auditors annually with certification program
- KUWAIT: Kuwait International Bank offers appointment booking via phone app at all branches in Kuwait
Tag Archives: Consumer Preferences
Early Analytical Studies on Consumption in Islamic Framework
Salman Ahmed Shaikh Muslim economists have employed the mainstream economics tools to explicate consumption in the Islamic framework. Kahf (1980) uses indifference curves and budget lines. Ahmed (2002) uses utility framework to incorporate Islamic injunctions in the model assumptions as … Continue reading
Posted in Articles on Islamic Economics
Tagged Consumer Preferences, Consumption, Homo Economicus, Homo Islamicus, Intertemporal Consumption, Islamic Economics, Keynesian Consumption Function, Methodology of Islamic Economics, Microfoundations, Moderate Consumption, Normative Economics, Positive Economics, Pro-Social Behaviour, Utility Maximization, Zakat
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Economics and Pro-Social Behaviour
Salman Ahmed Shaikh A great number of empirical studies now challenge the position of conceptualising human behaviour only in the framework of a rational, utility-maximizing homo-economicus. Yet, this framework is used for the purpose of simplicity and tractability in situations … Continue reading
Posted in Articles on Islamic Economics
Tagged Altruism, Charity, Climate Change, Climate Crisis, Consumer Behavior, Consumer Preferences, Consumerism, Ethics, Income Inequality, Islam, Islamic Economics, Micro Economics, Philanthropy, Poverty, Pro-Social Behaviour, Social Economics, Utility Maximization
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Towards an Integrative Framework for Understanding Muslim Consumption Behaviour
In a new paper recently published in Humanomics (Vol 33, Issue 2), an attempt is made to integrate Islamic and mainstream economics framework towards a more realistic understanding of Muslim consumption behaviour. First, the paper gives an account of the … Continue reading
