Chapter 8 Overlapping Generation Model for Islamic Asset Valuation: A Phenomenological Application
Contributions to Economic Analysis
ISBN: 978-0-85724-721-6, eISBN: 978-0-85724-722-3
Publication date: 4 February 2011
Abstract
The arguments of this chapter that are set up against the prevailing Islamic economic and finance intellection and practice arise from the economic and methodological premises on behavior, markets, and institutional structure that together influence asset valuation. All these are bonded together to explain how methodology defines the domain of financial engineering in mainstream and Islamic perspectives. Mainstream financial engineering as a study of methods that stand upon the assumptions of behavior, markets, and institutions of the neo-classical vintage is critically examined. This is contrasted with the Islamic perspectives of the same issues that lay out an altogether different methodological worldview. Different forms of asset-valuation models emerge in these two cases. The Islamic premise of behavior, markets, and institutions is utilized against the backdrop of its most fundamental epistemology.
Citation
Alam Choudhury, M. (2011), "Chapter 8 Overlapping Generation Model for Islamic Asset Valuation: A Phenomenological Application", Baltagi, B.H., Sadka, E. and Alam Choudhury, M. (Ed.) Contributions to Economic Analysis (Contributions to Economic Analysis, Vol. 291), Emerald Group Publishing Limited, Leeds, pp. 173-187. https://doi.org/10.1108/S0573-8555(2011)0000291018
Publisher
:Emerald Group Publishing Limited
Copyright © 2011, Emerald Group Publishing Limited