Islamic financial jurisprudence has always had the stated aim of enhancing human welfare, and therefore prohibitions must be seen through the lens of welfare-enhancing regulation of financial practices. In today’s age of financial engineering, utilizing many of the legal and financial advances of the past two decades, it is quite easy to synthesize the contracts that classical and contemporary ...

This study uses new nationally representative data from the National Financial Capability State-by-State Survey to examine the relationship between state-level alternative financial service (AFS) policies (prohibitions, price caps, disclosures) and consumer use of five AFS products: payday loans, auto title loans, pawn broker loans, refund anticipation loans, and rent-to-own transactions. Looki...

NoA is an agent architecture that supports the development of agents motivated by norms: obligations, permissions and prohibitions. Obligations motivate a normative agent to act: a motive to achieve a state of affairs or to perform some action. Prohibitions restrict an agent's behaviour, whereas permissions allow an agent to pursue certain activities. To test the architecture, NoA agents arc ap...

Irregular networks connected by wormhole-routed switches are becoming increasingly popular for building networks of workstations for cost-effective parallel processing. A primary strategy to achieve deadlock-free routing in such networks is to first configure the links in a network into some specific directions, and then prohibit the turns that a message may traverse. A routing algorithm impose...