About this document
Time Value of Money and Discounting in I by Hamad Elorfi is a document available to read on EtoBox.
The document discusses the concept of time value of money and discounting from an Islamic perspective, arguing that Islam does not prohibit positive time preference or the realization of time value of money, provided it is not predetermined. It highlights the complexities surrounding project evaluation in Islamic finance, particularly the need for appropriate discount rates that reflect the time value of money without relying on interest. The author concludes that while Islam recognizes time value, it canno
- Author
- Hamad Elorfi
- Language
- EN