Theoretical and Empirical Research in Islamic Economics

This paper summarizes salient features of the existing thinking on fiscal and monetary policies in the Islamic economics literature. It outlines institutional framework for these policies from the Islamic economics perspective. The nature and role of government, in the light of the Shariʽah principl...

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Main Author:	Tahir, Sayyid
Format:	Conference or Workshop Item
Language:	English
Published:	2013
Subjects:	HB131 Methodology.Mathematical economics. Quantitative methods HB71 Economics as a science
Online Access:	http://irep.iium.edu.my/35392/ http://irep.iium.edu.my/35392/ http://irep.iium.edu.my/35392/2/sayyid_tahir_research_in_ie.pdf

id	iium-35392
recordtype	eprints
spelling	iium-353922014-04-16T07:55:17Z http://irep.iium.edu.my/35392/ Theoretical and Empirical Research in Islamic Economics Tahir, Sayyid HB131 Methodology.Mathematical economics. Quantitative methods HB71 Economics as a science This paper summarizes salient features of the existing thinking on fiscal and monetary policies in the Islamic economics literature. It outlines institutional framework for these policies from the Islamic economics perspective. The nature and role of government, in the light of the Shariʽah principles, are revisited. The general goals for macroeconomic policies are discussed along with separate goals for each of the two policies. The argument is capped with a look at practical considerations in the actual working of both the policies. The following are the main points in the paper. (1) Roles of both the policies shall be complementary in the context of the overall objectives at the state level. (2) Thrust of both policies would be different from that presently recognized. These conclusions are drawn in the context of the government’s role being limited to prudent governance and the society’s economic and distributional concerns being addressed as much as possible without adopting the budgetary channel. 2013-01-29 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/35392/2/sayyid_tahir_research_in_ie.pdf Tahir, Sayyid (2013) Theoretical and Empirical Research in Islamic Economics. In: 2nd International Conference on Islamic Economics and Economies of the OIC Countries (ICIE 2013), 29 - 30 January 2013, Prince Hotel and Residence, Kuala Lumpur, Malaysia. (Unpublished) http://www.iium.edu.my/kenms/people/office-department-0
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HB131 Methodology.Mathematical economics. Quantitative methods HB71 Economics as a science
spellingShingle	HB131 Methodology.Mathematical economics. Quantitative methods HB71 Economics as a science Tahir, Sayyid Theoretical and Empirical Research in Islamic Economics
description	This paper summarizes salient features of the existing thinking on fiscal and monetary policies in the Islamic economics literature. It outlines institutional framework for these policies from the Islamic economics perspective. The nature and role of government, in the light of the Shariʽah principles, are revisited. The general goals for macroeconomic policies are discussed along with separate goals for each of the two policies. The argument is capped with a look at practical considerations in the actual working of both the policies. The following are the main points in the paper. (1) Roles of both the policies shall be complementary in the context of the overall objectives at the state level. (2) Thrust of both policies would be different from that presently recognized. These conclusions are drawn in the context of the government’s role being limited to prudent governance and the society’s economic and distributional concerns being addressed as much as possible without adopting the budgetary channel.
format	Conference or Workshop Item
author	Tahir, Sayyid
author_facet	Tahir, Sayyid
author_sort	Tahir, Sayyid
title	Theoretical and Empirical Research in Islamic Economics
title_short	Theoretical and Empirical Research in Islamic Economics
title_full	Theoretical and Empirical Research in Islamic Economics
title_fullStr	Theoretical and Empirical Research in Islamic Economics
title_full_unstemmed	Theoretical and Empirical Research in Islamic Economics
title_sort	theoretical and empirical research in islamic economics
publishDate	2013
url	http://irep.iium.edu.my/35392/ http://irep.iium.edu.my/35392/ http://irep.iium.edu.my/35392/2/sayyid_tahir_research_in_ie.pdf
first_indexed	2023-09-18T20:50:44Z
last_indexed	2023-09-18T20:50:44Z
_version_	1777409977088999424

Theoretical and Empirical Research in Islamic Economics

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