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Information Journal Paper

Title

THE OPTIMAL THRESHOLD FOR ISRAF PREVENTION

Pages

  5-19

Abstract

 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.

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