RT - Journal Article T1 - A Project Selection Model Based on Islamic Economy: Effect of Khoums in Project Selection JF - JSE YR - 2017 JO - JSE VO - 8 IS - 28 UR - http://jemr.khu.ac.ir/article-1-1512-en.html SP - 139 EP - 159 K1 - Economic Evaluation K1 - Financial Process K1 - Rate Of return K1 - Net Present Worth of Project K1 - Khoums AB - According to Quran Karim verses and hadiths, Shia jurisprudence necessitates paying Khoums. Since Khoums belong to surplus of earning, as a result that should be considered in economic calculation of projects. Since this topic has been neglected in common economic evaluation of projects, this paper has addressed effect of considering Khoums in prioritize investment calculations in projects. For this purpose selection of projects considered in two cases: a) with khoums and b) without khoums factored in. The result show prioritization and selection of projects are different in two cases. Results of study show a project had priority without khoums factored in, might place outside prioritize investment with khoums. On the other hand the project is less profitable than other projects might place in priority compared other projects, with considering Khoums in economic calculations. LA eng UL http://jemr.khu.ac.ir/article-1-1512-en.html M3 10.29252/jemr.7.28.139 ER -