Islamic Finance News- KUWAIT: Kuwait International Bank offers appointment booking via phone app at all branches in Kuwait
- INDONESIA: Agung Sedayu Group to develop International Sharia Finance Center area in Pantai Indah Kapuk 2
- SAUDI ARABIA: Saudi Aramco shares to be listed on Saudi Stock Exchange, auction period on first day to be extended
- INDONESIA: Bank Muamalat Indonesia denies non-performing financing ratio is up to 40%
- GLOBAL: S&P Dow Jones Indices to support two IFN events in 2020 as partner
- UAE: Emirates NBD lists new shares on Dubai Financial Market
- BAHRAIN: Central Bank of Bahrain launches Shariah compliant alternative to foreign exchange forward to improve Islamic liquidity management for banks
- SAUDI ARABIA: Bawan Company obtains Shariah compliant mid-term financing from Banque Saudi Fransi to fund Saudi Aramco IPO
- US: Riyad REIT Fund invests SAR350.8 million (US$93.42 million) in US diversified real estate portfolio
- UAE: ENBD REIT to be restructured and become privately held REIT
Tag Archives: Intertemporal Consumption
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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Methodological Framework for Studying Consumption in Islamic Economics
Salman Ahmed Shaikh There is considerable debate in Islamic economics literature on what shall be the correct response and attitude towards mainstream economics methodology. There are three varied responses among Islamic economists regarding the issue. The first response is to … Continue reading
Posted in Articles on Islamic Economics
Tagged Behavioural Economics, Consumer Behaviour, Consumption, Consumption Externalities, Demand Behaviour, Ethical Consumption, Intertemporal Consumption, Islamic Economics, Islamic Economics Theory, Market Economy, Market Equilibrium, Methodology of Islamic Economics, Microfoundations, Neoclassical Economics, Normative Economics, Positive Economics, Relational Preferences, Utility Maximization
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Intertemporal Consumption in Islamic Economic Framework
Salman Ahmed Shaikh A typical lifecycle pattern of humans shows that the need to consume basic necessities exists throughout the lifetime, while the capacity to earn incomes is present mostly during the working years of life. In childhood and old-age, … Continue reading
