This paper aims to develop an Islamic intertemporal model of the current account based on the prevailing theoretical and empirical literature of PVMCA (Obstfeld and Rogoff 1996, Cerrato et al. 2014). The proposed model is based on the budget constraint of present and future consumption, which...

This paper aims to develop an Islamic intertemporal model of the current account based on the prevailing theoretical and empirical literature of PVMCA (Obstfeld and Rogoff 1996, Cerrato et al. 2014). The proposed model is based on the budget constraint of the present and future consumption,...

This paper aims to develop an Islamic intertemporal model of the current account based on the prevailing theoretical and empirical literature of PVMCA (Obstfeld and Rogoff 1996, Cerrato et al. 2014). The proposed model is based on the budget constraint of the present and future consumption,...

This paper aims to develop an Islamic intertemporal model of the current account based on the prevailing theoretical and empirical literature of PVMCA (Obstfeld and Rogoff 1996, Cerrato et al. 2014). The proposed model is based on the budget constraint of the present and future consumption,...

Economic security is composed of basic social security, defined by access to basic needs infrastructure pertaining to health, education, dwelling, information, and social protection, as well as work-related security. Waqf (endowment) is one of the most important institutions in the Islamic...