Main Page
Welcome
About the Center
About The SPC
Mission and Vision
Organizational Structure
Spc Directors
Facts and Figures
Services
ِActivities
Exhibitions
Print Exhibition
Books Exhibition
Visits
Training
Workshops
Courses
Seminars
Conventions
Celebrations
Research
Favorite Links
Contact Us
PhotoAlbum
Contact Us
Researches
عربي
English
About
Admission
Academic
Research and Innovations
University Life
E-Services
Search
Scientific Publishing Center
Document Details
Document Type
:
Article In Journal
Document Title
:
Time Preference and the Decision to Save in an Islamic Economy
التفضيل الزمني وقرار الادخار في الاقتصاد الإسلامي
Subject
:
Discussion Papers
Document Language
:
Arabic
Abstract
:
I. Allocation of resources requires value judgments, one of which is the concept of positive time preference as a rational criterion for allocating consumption between the present and the future . Even within that value framework, zero and negative time preference compete with positive time preference, as rational criteria in certain cases. 2. In an Islamic economy, justice (fairness, equity) can replace time preference as a rational allocative criterion in au cases. Justice in that sense takes into consideration the changes across time of individual income and needs, as well as the intergenerational utilities 3. Under justice’ as an allocative criterion, the role of “expected rate of return on investment” in influencing the saving decision is dir as compared with the important role interest rate plays in optimizing the saving decision under the assumption of positive time preference.
ISSN
:
1018-7383
Journal Name
:
Islamic Economics Journal
Volume
:
9
Issue Number
:
1
Publishing Year
:
1417 AH
1997 AD
Number Of Pages
:
23
Article Type
:
Article
Added Date
:
Sunday, October 11, 2009
Researchers
Researcher Name (Arabic)
Researcher Name (English)
Researcher Type
Dr Grade
Email
نجاح عبدالعليم أبو الفتوح
NAJAH ABDUL ALEEM ABU EL-FUTUH
Researcher
Files
File Name
Type
Description
21036.pdf
pdf
Back To Researches Page