An Islamic Model For Stabilization And Growth

Author : Adama Dieye
Publisher : Palgrave Macmillan
ISBN 13 : 9783030487652
Total Pages : 243 pages
Book Rating : 4.52/5 ( download)

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Download or read book An Islamic Model for Stabilization and Growth written by Adama Dieye and published by Palgrave Macmillan. This book was released on 2021-07-31 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book argues that the macroeconomic policy adjustment models recommended by the IMF and the World Bank for implementation in many Muslim countries, with substantial donor financial support, have not been effective. Economic indicators show low economic growth, persistent fiscal and external deficits and limited industrialization. Also, these countries are experiencing increases in unemployment, poverty and substantial growth in income and wealth ‎inequalities. These facts ‎underline an urgent need to produce an alternative to the failed conventional macroeconomic model in order to address the challenge of ‎macroeconomic and social adjustment policies. The project posits and investigates the idea that the Islamic economic model prescribed in the Quran and applied by the Prophet (sawa) could be the ideal model for Muslim as well as non-Muslim ‎countries.

Author : Muhammad Umer Chapra
Publisher : International Institute of Islamic Thought (IIIT)
ISBN 13 : 9694620066
Total Pages : 189 pages
Book Rating : 4.60/5 ( download)

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Download or read book Islam and Economic Development written by Muhammad Umer Chapra and published by International Institute of Islamic Thought (IIIT). This book was released on 1993 with total page 189 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1451921136
Total Pages : 28 pages
Book Rating : 4.37/5 ( download)

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Download or read book Stabilization and Growth in an Open Islamic Economy written by International Monetary Fund and published by International Monetary Fund. This book was released on 1988-02-25 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Islam proposes the replacement of an interest-based financial system with one which operates on the basis of risk and profit sharing. Using a general equilibrium model, this paper investigates some open-economy implications of the adoption of Islamic banking for growth and stabilization of the economy. It analyzes the long-run effects of Islamic banking on international capital flows and on the economy’s capacity to adjust to disturbances. It concludes that monetary policy can be used effectively for stabilization purposes and that disturbances to asset positions are absorbed efficiently in an Islamic financial system.

Author : Adama Dieye
Publisher : Springer Nature
ISBN 13 : 3030487636
Total Pages : 261 pages
Book Rating : 4.38/5 ( download)

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Download or read book An Islamic Model for Stabilization and Growth written by Adama Dieye and published by Springer Nature. This book was released on 2020-07-16 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book argues that the macroeconomic policy adjustment models recommended by the IMF and the World Bank for implementation in many Muslim countries, with substantial donor financial support, have not been effective. Economic indicators show low economic growth, persistent fiscal and external deficits and limited industrialization. Also, these countries are experiencing increases in unemployment, poverty and substantial growth in income and wealth ‎inequalities. These facts ‎underline an urgent need to produce an alternative to the failed conventional macroeconomic model in order to address the challenge of ‎macroeconomic and social adjustment policies. The project posits and investigates the idea that the Islamic economic model prescribed in the Quran and applied by the Prophet (sawa) could be the ideal model for Muslim as well as non-Muslim ‎countries.

Author : Raja M. Almarzoqi
Publisher : Routledge
ISBN 13 : 1351589490
Total Pages : 235 pages
Book Rating : 4.99/5 ( download)

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Download or read book Islamic Macroeconomics written by Raja M. Almarzoqi and published by Routledge. This book was released on 2018-03-22 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: Islamic Macroeconomics proposes an Islamic model that offers significant prospects for economic growth and durable macroeconomic stability, and which is immune to the defects of the economic models prevailing both in developed and developing countries. An Islamic model advocates a limited government confined to its natural duties of defence, justice, education, health, infrastructure, regulation, and welfare of the vulnerable population. It prohibits interest-based debt and money, and requires full liberalization of all markets including labor, financial, commodity, trade, and foreign exchange markets. The government should be Sharia-compliant in its taxation power and regulatory intervention; it ought to reduce unproductive spending in favor of productive spending. This book is essential reading for students and academics of Islamic economics and finance, economists, practitioners, and researchers.

Author : Shafiullah Jan
Publisher : Edward Elgar Publishing
ISBN 13 : 1788116739
Total Pages : 349 pages
Book Rating : 4.32/5 ( download)

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Download or read book A Model for Islamic Development written by Shafiullah Jan and published by Edward Elgar Publishing. This book was released on 2019 with total page 349 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to explore and analyse Islamic Moral Economy (IME) as an alternative economic and social system to capitalism and socialism. It proposes a new model of Islamic development, integrating global development within an Islamic framework of spiritual development. It is argued that the failure of Muslim countries to provide basic necessities and an environment free of oppression and injustice can be overcome with this authentic Islamic development framework. In addition, this book can be an important study to identify the theological, political, social and economic boundaries for changing the society to produce IME oriented developmentalism.

Author : Nafis Alam
Publisher : Springer
ISBN 13 : 3319479377
Total Pages : 129 pages
Book Rating : 4.78/5 ( download)

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Download or read book Islamic Economies written by Nafis Alam and published by Springer. This book was released on 2017-08-25 with total page 129 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores contemporary empirical issues in Islamic economics. It begins by outlining current trends in Islamic economics and before identifying gaps in the empirical research. It then goes on to discuss the role of institutions in economic growth for Islamic countries, and the fiscal aspects of Islamic economics. It explores issues in debt and growth, as well as the instruments of monetary management in Islamic economics. It analyses the trade-off between growth and stability and concludes with discussion of Zakat and Waqf in driving growth.

Author : Abbas Mirakhor
Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.64/5 ( download)

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Download or read book Stabilization and Growth in an Open Islamic Economy written by Abbas Mirakhor and published by . This book was released on 1988 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Misbah Oreibi
Publisher : International Institute of Islamic Thought (IIIT)
ISBN 13 : 1565642627
Total Pages : 269 pages
Book Rating : 4.21/5 ( download)

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Download or read book Contribution of Islamic Thought to Modern Economics written by Misbah Oreibi and published by International Institute of Islamic Thought (IIIT). This book was released on 1998-01-01 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt: Muslim countries are facing serious problems in managing their economic life. Their inherited colonial ways of achieving economic aims are in basic contradiction to certain aspects of Islamic values and intended economic goals. Thus, it is imperative for Muslim countries endeavoring to escape underdevelopment and social injustice to turn to Islamic teaching and the Islamic way of harnessing human potentials to improve economic conditions and ascertain the necessary requirement for effective economic development.Islamic economics, as developed by Muslim jurists and social scientists (fuqaha'), needs to be recast in modern terms and developed further to deal with complex realities of the modern society. This book is one step on the long march to Islamizing the science of economics. It contains a selection of papers from the proceedings of the economic conference held in Cairo in 1988. These papers are a valuable contribution to the cause of modernizing Islamic economics.

Author : Mr.Mumtaz Hussain
Publisher : International Monetary Fund
ISBN 13 : 1513565621
Total Pages : 35 pages
Book Rating : 4.20/5 ( download)

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Download or read book An Overview of Islamic Finance written by Mr.Mumtaz Hussain and published by International Monetary Fund. This book was released on 2015-06-02 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: Islamic finance has started to grow in international finance across the globe, with some concentration in few countries. Nearly 20 percent annual growth of Islamic finance in recent years seems to point to its resilience and broad appeal, partly owing to principles that govern Islamic financial activities, including equity, participation, and ownership. In theory, Islamic finance is resilient to shocks because of its emphasis on risk sharing, limits on excessive risk taking, and strong link to real activities. Empirical evidence on the stability of Islamic banks, however, is so far mixed. While these banks face similar risks as conventional banks do, they are also exposed to idiosyncratic risks, necessitating a tailoring of current risk management practices. The macroeconomic policy implications of the rapid expansion of Islamic finance are far reaching and need careful considerations.