After defining the concepts of Israf and the opportunity cost, this paper tries to shed
light on the relation of these two concepts and to answer these questions: when the
opportunity cost of Israf prevention is more than the Israf itself? what would be the
optimal choice? What should a Muslim manager do?
The answer to these questions can be: there is no trade-off between Israf and the
opportunity cost. It means: because the idea of opportunity cost is a rational matter,
it can be used as a tool to understand what Israf is and what it is not. So, it is
possible to consider a threshold level for Israf above which it is forbidden for sure.
Shabani,A. and Bigdeli,V. (2011). The Optimal Threshold for Israf Prevention. Islamic Economics Studies
Bi-quarterly Journal, 3(2), 5-30. doi: 10.30497/ies.2011.1088
MLA
Shabani,A. , and Bigdeli,V. . "The Optimal Threshold for Israf Prevention", Islamic Economics Studies
Bi-quarterly Journal, 3, 2, 2011, 5-30. doi: 10.30497/ies.2011.1088
HARVARD
Shabani A., Bigdeli V. (2011). 'The Optimal Threshold for Israf Prevention', Islamic Economics Studies
Bi-quarterly Journal, 3(2), pp. 5-30. doi: 10.30497/ies.2011.1088
CHICAGO
A. Shabani and V. Bigdeli, "The Optimal Threshold for Israf Prevention," Islamic Economics Studies
Bi-quarterly Journal, 3 2 (2011): 5-30, doi: 10.30497/ies.2011.1088
VANCOUVER
Shabani A., Bigdeli V. The Optimal Threshold for Israf Prevention. Islamic Economics Studies, 2011; 3(2): 5-30. doi: 10.30497/ies.2011.1088
