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Microeconomics with Regard to Islamic Issues (Vol. II)

Microeconomics with Regard to Islamic Issues (Vol. II)

Microeconomics with Regard to Islamic Issues (Vol. II)



Groups : Economics
Publisher : RIHU
Category : RIHU - Publications
Updated At : 13 April 2020
Published At : March 2017
Status : Printed

Reliance-on or trust-in (Tawakkul) in God and remembrance of Last Judgment in Islamic market elements and features make this market have a relatively low cost and a fairly high productivity. The abovementioned factors, in addition to the manufacturing organization’s satisfaction with fair permissible (halal) interest, make the Islamic market have higher equilibrium rates, lower equilibrium price, higher stability, higher efficiency, and greater welfare than the ideal market of capitalist economy.

Author: Seyed Mohammad Kazem Rajaei

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