Publication:
By the rules: Islam's foundations for economy and finance
Abstract
The objective of these institutions is to achieve social justice. Important among their functions is reduction in uncertainty for members of society in order to allow them to overcome the obstacles to decision making caused by paucity of information. Rules specify what kind of conduct is most appropriate to achieving just results when individuals face alternative choices and must take action. They impose restrictions on what society's members can do without upsetting the social order on whose existence all members count in deciding on their own actions and forming their expectations of others' responses and actions.
Keywords
Islam , Finance , Economy
Citation
Mirakhor, Abbas. (2010). By the rules: Islam's foundations for economy and finance. Business Islamica Magazine, (January 2010), pp. 52-57.
Publisher
NeoPromo