Theory of profit from Islamic perspective
Islam prohibits interest but allows profit. It promotes trade as an occupation and regards profit as a bounty from God. Mainstream economics too revolves around the notion of profit. Price theory the core of economics cannot stand firm without the assumption of profit maximization. In the practical affairs of trade, industry and commerce no concept is more pivotal than profit. Yet profit has remained one of the most neglected subjects in economic theory. After Frank H. Knight's Risk Uncertainty and profit (1921) no exhaustive work on the subject appeared save contributions in the form of book chapters or journal articles. Writings on the topic in Islamic economics have been even scarcer.
Theory of profit , Islamic perspective
Hasan, Z. (2008). Theory of profit from Islamic perspective. MPRA Paper, 8129, pp. 1-8.
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