Islamic Finance News- QATAR: Qatari Islamic banks see stronger asset quality and funding than conventional peers
- GLOBAL: International Sukuk issuance volumes remain steady, says Fitch Ratings
- QATAR: Qatar Islamic Bank to offer financial services through new subsidiary
- PAKISTAN: Securities and Exchange Commission of Pakistan proposes amendments to IPO regulations
- INDIA: Aligarh Muslim University launches MBA program in Islamic banking and finance
- UAE: Dubai Islamic Bank partners with JAGGAER for digital transformation
- UAE: Dubai Islamic Bank partners with JAGGAER for digital transformation
- UAE: Emirates NBD to increase capital by up to AED758.82 million (US$206.56 million)
- NIGER: Niger’s members of parliament pass Waqf law
- SAUDI ARABIA: Ayman Mohammed Al-Sayari appointed as deputy governor of Saudi Arabian Monetary Authority
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
