A Project Selection Model Based on Islamic Economy: Effect of Khoums in Project Selection

Katebi, Ali; Tavakkoli, Mohammad

doi:10.29252/jemr.7.28.139

Volume 8, Issue 28 (7-2017) jemr 2017, 8(28): 139-159 | Back to browse issues page

‎ 10.29252/jemr.7.28.139

‎ 20.1001.1.22286454.1396.7.28.6.0

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Katebi A, Tavakkoli M. A Project Selection Model Based on Islamic Economy: Effect of Khoums in Project Selection. jemr 2017; 8 (28) :139-159
URL: http://jemr.khu.ac.ir/article-1-1512-en.html

A Project Selection Model Based on Islamic Economy: Effect of Khoums in Project Selection

Ali Katebi ^*

¹, Mohammad Tavakkoli²

1- Kharazmi University , katebi@khu.ac.ir
2- Kharazmi University

Abstract: (5763 Views)

According to Quran Karim verses and hadiths, Shia jurisprudence necessitates paying Khoums. Since Khoums belong to surplus of earning, as a result that should be considered in economic calculation of projects. Since this topic has been neglected in common economic evaluation of projects, this paper has addressed effect of considering Khoums in prioritize investment calculations in projects. For this purpose selection of projects considered in two cases: a) with khoums and b) without khoums factored in. The result show prioritization and selection of projects are different in two cases. Results of study show a project had priority without khoums factored in, might place outside prioritize investment with khoums. On the other hand the project is less profitable than other projects might place in priority compared other projects, with considering Khoums in economic calculations.

Keywords: Economic Evaluation, Financial Process, Rate Of return, Net Present Worth of Project, Khoums

Full-Text [PDF 2999 kb] (1696 Downloads)

Type of Study: Applicable | Subject: پولی و مالی
Received: 2016/12/1 | Accepted: 2017/07/11 | Published: 2017/09/17

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