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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| Format: | Proceeding Paper |
| Language: | English |
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2013
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| Online Access: | http://irep.iium.edu.my/35392/ http://irep.iium.edu.my/35392/2/sayyid_tahir_research_in_ie.pdf |
| _version_ | 1848781046013755392 |
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| author | Tahir, Sayyid |
| author_facet | Tahir, Sayyid |
| author_sort | Tahir, Sayyid |
| building | IIUM Repository |
| collection | Online Access |
| 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. |
| first_indexed | 2025-11-14T15:43:20Z |
| format | Proceeding Paper |
| id | iium-35392 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T15:43:20Z |
| publishDate | 2013 |
| recordtype | eprints |
| repository_type | Digital Repository |
| 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 Proceeding Paper 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 |
| spellingShingle | HB131 Methodology.Mathematical economics. Quantitative methods HB71 Economics as a science Tahir, Sayyid Theoretical and Empirical Research in Islamic Economics |
| title | 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_short | Theoretical and Empirical Research in Islamic Economics |
| title_sort | theoretical and empirical research in islamic economics |
| topic | HB131 Methodology.Mathematical economics. Quantitative methods HB71 Economics as a science |
| 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 |