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.
| ISBN: | 9781138106482 |
| Publication date: | 5th April 2018 |
| Author: | Raja Almarzoqi, Walid Mansour, Noureddine Krichene |
| Publisher: | Routledge an imprint of Taylor & Francis Ltd |
| Format: | Hardback |
| Pagination: | 208 pages |
| Series: | Islamic Business and Finance Series |
| Genres: |
Regional / International studies Economics of industrial organization Labour / income economics Business strategy Management accounting and bookkeeping Public finance accounting Sales and marketing Business mathematics and systems Personnel and human resources management International business |