A CONTRAST OF HONESTY AND TRANSPARENCY IN ISLAMIC MARKET

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KAZEMI MOSTAFA; DAVOODI PARVIZ; RAJAII SEYYED MOHAMMAD KAZEM

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Journal: MARIFAT I AKHLAQI Year:2012 | Volume:3 | Issue:2 (10) Page(s): 89-115

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Information Journal Paper

Title

A CONTRAST OF HONESTY AND TRANSPARENCY IN ISLAMIC MARKET

Author(s)

KAZEMI MOSTAFA | DAVOODI PARVIZ | RAJAII SEYYED MOHAMMAD KAZEM | Issue Writer Certificate

Keywords

HONESTYQ2

TRANSPARENCYQ1

CONFIDENTIAL INFORMATIONQ2

ISLAMIC MARKETQ2

HEALTHY COMPETITION MARKETQ2

Abstract

Market TRANSPARENCY can be defined as a "timely and reliable trend of economic, social and political information available to those who interest in market". Although most economists have explained the feature of TRANSPARENCY or CONFIDENTIAL INFORMATION for HEALTHY COMPETITION MARKET have been defined, most economists admit that most markets suffer from lack of information. They have proposed such strategies like suppliers' signaling, organizing institutions and state's management and supervision as a means to compensate this lack of information in market. It seems that capitalist economy cannot compensate this lack by relying on its principles.In ISLAMIC MARKET, the term "HONESTY" is a moral virtue and a graded perfection with a foundation and value load which are not found in TRANSPARENCY. It is not only the characteristics of market but also of the agents of the market that should be considered. By HONESTY, we mean its broad meaning, that is, HONESTY in terms of intention, conduct, and structure. In a market in which HONESTY is dominant, both sides of transaction have a sense of quiescence towards each other's behavior and no one of them keeps things secret while purchasing goods. If there is a mistake, it can be compensated through a certain market mechanism.

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APA: Copy

KAZEMI, MOSTAFA, DAVOODI, PARVIZ, & RAJAII, SEYYED MOHAMMAD KAZEM. (2012). A CONTRAST OF HONESTY AND TRANSPARENCY IN ISLAMIC MARKET. MARIFAT I AKHLAQI, 3(2 (10)), 89-115. SID. https://sid.ir/paper/229529/en

Vancouver: Copy

KAZEMI MOSTAFA, DAVOODI PARVIZ, RAJAII SEYYED MOHAMMAD KAZEM. A CONTRAST OF HONESTY AND TRANSPARENCY IN ISLAMIC MARKET. MARIFAT I AKHLAQI[Internet]. 2012;3(2 (10)):89-115. Available from: https://sid.ir/paper/229529/en

IEEE: Copy

MOSTAFA KAZEMI, PARVIZ DAVOODI, and SEYYED MOHAMMAD KAZEM RAJAII, “A CONTRAST OF HONESTY AND TRANSPARENCY IN ISLAMIC MARKET,” MARIFAT I AKHLAQI, vol. 3, no. 2 (10), pp. 89–115, 2012, [Online]. Available: https://sid.ir/paper/229529/en

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