| From Business24-7.ae: Across the theory and practice of finance and financial valuation, the two most important principles used to value instruments and investments are time value of money and risk and return. This is a textbook fact, and is also true in theoretical and applied financial valuation models.
I propose the concept of space value of money as the abstract and universal parallel to a key principle of Islamic finance, ie, the principle that prohibits interest, and seeks to incorporate real activity into its instruments and transactions...................................Full Article: Source
|