Islamic state, Islamic economy, and siyasah syar’iyah: An Islamic political-economy approach

This research paper is intentionally designed to build a framework of Islamic economy into one picture of Islamic state concept. The research paper employ quantitative and historical approach. The result of geometric mean computation showing the growth of money supply in Iceland is higher than the g...

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Main Authors: Putriani, Diyah, Kayadibi, Saim, Nursyamsiah, Tita
Format: Conference or Workshop Item
Language:English
English
English
Published: 2012
Subjects:
Online Access:http://irep.iium.edu.my/27205/
http://irep.iium.edu.my/27205/1/manuscript_diyah_saim_tita_IIU_Malaysia_REVISED.pdf
http://irep.iium.edu.my/27205/4/Cert_21-22_Nov._2012_Indonesia.jpg
http://irep.iium.edu.my/27205/5/saim_JADWAL_FINALIS_1st_ISEFRF_2_%283%29.pdf
id iium-27205
recordtype eprints
spelling iium-272052013-02-13T16:39:23Z http://irep.iium.edu.my/27205/ Islamic state, Islamic economy, and siyasah syar’iyah: An Islamic political-economy approach Putriani, Diyah Kayadibi, Saim Nursyamsiah, Tita HB Economic Theory This research paper is intentionally designed to build a framework of Islamic economy into one picture of Islamic state concept. The research paper employ quantitative and historical approach. The result of geometric mean computation showing the growth of money supply in Iceland is higher than the growth of real GDP and the the inflation rate reaches 18.91 percent. The regression analysis is carried-out based on natural logarithm (Ln) model. The estimated coefficient of M1 in Iceland is much higher than the estimated coefficient of GDP. This result also supports the finding of geometric computation. In other words, there is an economic problem in Iceland created by the working of compounded fiat-money interest rate. It has implicitly proven that since the power of Islamic government is absent in this world, then the Islamic state will never be established. Therefore, the need of siyasah shar’iah to build Islamic government before establish Islamic state becomes an obligatory. Keywords: Islamic Economy; Islamic State; Islamic Welfare; Siyasah Shari‘ah; Maqasid al-Shari‘ah. 2012-11 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/27205/1/manuscript_diyah_saim_tita_IIU_Malaysia_REVISED.pdf application/pdf en http://irep.iium.edu.my/27205/4/Cert_21-22_Nov._2012_Indonesia.jpg application/pdf en http://irep.iium.edu.my/27205/5/saim_JADWAL_FINALIS_1st_ISEFRF_2_%283%29.pdf Putriani, Diyah and Kayadibi, Saim and Nursyamsiah, Tita (2012) Islamic state, Islamic economy, and siyasah syar’iyah: An Islamic political-economy approach. In: The 1st Islamic Economics and Finance Research Forum, 21-22 November 2012, Riau, Indonesia. (Unpublished)
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
English
English
topic HB Economic Theory
spellingShingle HB Economic Theory
Putriani, Diyah
Kayadibi, Saim
Nursyamsiah, Tita
Islamic state, Islamic economy, and siyasah syar’iyah: An Islamic political-economy approach
description This research paper is intentionally designed to build a framework of Islamic economy into one picture of Islamic state concept. The research paper employ quantitative and historical approach. The result of geometric mean computation showing the growth of money supply in Iceland is higher than the growth of real GDP and the the inflation rate reaches 18.91 percent. The regression analysis is carried-out based on natural logarithm (Ln) model. The estimated coefficient of M1 in Iceland is much higher than the estimated coefficient of GDP. This result also supports the finding of geometric computation. In other words, there is an economic problem in Iceland created by the working of compounded fiat-money interest rate. It has implicitly proven that since the power of Islamic government is absent in this world, then the Islamic state will never be established. Therefore, the need of siyasah shar’iah to build Islamic government before establish Islamic state becomes an obligatory. Keywords: Islamic Economy; Islamic State; Islamic Welfare; Siyasah Shari‘ah; Maqasid al-Shari‘ah.
format Conference or Workshop Item
author Putriani, Diyah
Kayadibi, Saim
Nursyamsiah, Tita
author_facet Putriani, Diyah
Kayadibi, Saim
Nursyamsiah, Tita
author_sort Putriani, Diyah
title Islamic state, Islamic economy, and siyasah syar’iyah: An Islamic political-economy approach
title_short Islamic state, Islamic economy, and siyasah syar’iyah: An Islamic political-economy approach
title_full Islamic state, Islamic economy, and siyasah syar’iyah: An Islamic political-economy approach
title_fullStr Islamic state, Islamic economy, and siyasah syar’iyah: An Islamic political-economy approach
title_full_unstemmed Islamic state, Islamic economy, and siyasah syar’iyah: An Islamic political-economy approach
title_sort islamic state, islamic economy, and siyasah syar’iyah: an islamic political-economy approach
publishDate 2012
url http://irep.iium.edu.my/27205/
http://irep.iium.edu.my/27205/1/manuscript_diyah_saim_tita_IIU_Malaysia_REVISED.pdf
http://irep.iium.edu.my/27205/4/Cert_21-22_Nov._2012_Indonesia.jpg
http://irep.iium.edu.my/27205/5/saim_JADWAL_FINALIS_1st_ISEFRF_2_%283%29.pdf
first_indexed 2023-09-18T20:40:27Z
last_indexed 2023-09-18T20:40:27Z
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