Kitap Bölümü İktisadi Düşünce
A Theory of fiscal policy in an islamic state
- Yazarlar : F. R. Faridi
- Editörler : Ziauddin Ahmed Munawar Iqbal M. Fahim Khan
- Kodu: 6369
- Eserin Orjinal İsmi: A Theory of fiscal policy in an islamic state
- Türü: Kitap Bölümü
- Alan: İktisadi Düşünce
- Konu(lar): Mali, Politika
- Dili: İngilizce
- Yayın Yılı: 1983
- Kitap Ismi: Fiscal Policy and Resource Allocation in Islam
- Yayın Yeri: Jeddah
- Yayınevi: International Centre for Research in Islamic Economics, King Abdulaziz University and Institute of Policy Studies, Islamabad, Pakistan
- Sayfa Aralığı: 27-54
- Keywords: Fiscal, Policy
- Anahtar Kelimeler: Mali, Politika
- Açıklama: The present study attempts a theoretical exposition of the fiscal dynamics of an Islamic economy. The author argues that in view of the absence of any empirical base in the modern world, the exposition relies heavily on the following techniques of analysis: 1. The norms and values that are relevant to and direct the economic aspect of individual and collective behaviour in an Islamic society have been spelt out in terms of their likely impact on the allocation, distribution and stabilization branches of public economics. 2. The behaviour of an Islamic economic system in the past has been taken as the datum for theoretical projection in future. In other words, the total absence of any empirical base in the modern Muslim societies has been partly compensated for by a selec tive adoptation of the past Islamic societies, as the sample. In the language of the author, the main elements of this theory is summarised as follows: 1. Islamic economy has been characterised as a three-sector economy, namely, the private sector, the voluntary sector, and the public sector. The three sectors working in conjunction, furnish the institutional framework of an Islamic economy. 2. Zakah provides the base of the fiscal system and defines its scope of operation within the general institutional framework of the Islamic economy. 3. The allocation, distribution and stabilization functions of an Islamic economy are processed and implemented through all these sectors jointly. 4. Public sector’s role is minimal but crucial in so far as it operates continuously to ensure an optimal allocation of community’s resources, rectifies sub-optimal distribution of income, and introduces an element of stability. Thus the objectives of fiscal policy in an Islamic state may be summarised to be; achieving material development that is consistent with Shari’ah economic stability; efficient allocation of resources and an equitable distribution of income by reducing signs of mal- distribution and reducing lavish consumption.
- Bilgilerin Alındığı Kaynak: Bibliografya Kaydı
Kitap Bölümü
A Theory of fiscal policy in an islamic state
Yazarlar : F. R. Faridi
Editörler : Ziauddin Ahmed Munawar Iqbal M. Fahim Khan
Detaylar
| Kodu | 6369 |
| Eserin Orjinal İsmi | A Theory of fiscal policy in an islamic state |
| Türü | Kitap Bölümü |
| Alan | İktisadi Düşünce |
| Konu(lar) | Mali, Politika |
| Dili | İngilizce |
| Yayın Yılı | 1983 |
| Kitap Ismi | Fiscal Policy and Resource Allocation in Islam |
| Yayın Yeri | Jeddah |
| Yayınevi | International Centre for Research in Islamic Economics, King Abdulaziz University and Institute of Policy Studies, Islamabad, Pakistan |
| Sayfa Aralığı | 27-54 |
| Keywords | Fiscal, Policy |
| Anahtar Kelimeler | Mali, Politika |
| Açıklama | The present study attempts a theoretical exposition of the fiscal dynamics of an Islamic economy. The author argues that in view of the absence of any empirical base in the modern world, the exposition relies heavily on the following techniques of analysis: 1. The norms and values that are relevant to and direct the economic aspect of individual and collective behaviour in an Islamic society have been spelt out in terms of their likely impact on the allocation, distribution and stabilization branches of public economics. 2. The behaviour of an Islamic economic system in the past has been taken as the datum for theoretical projection in future. In other words, the total absence of any empirical base in the modern Muslim societies has been partly compensated for by a selec tive adoptation of the past Islamic societies, as the sample. In the language of the author, the main elements of this theory is summarised as follows: 1. Islamic economy has been characterised as a three-sector economy, namely, the private sector, the voluntary sector, and the public sector. The three sectors working in conjunction, furnish the institutional framework of an Islamic economy. 2. Zakah provides the base of the fiscal system and defines its scope of operation within the general institutional framework of the Islamic economy. 3. The allocation, distribution and stabilization functions of an Islamic economy are processed and implemented through all these sectors jointly. 4. Public sector’s role is minimal but crucial in so far as it operates continuously to ensure an optimal allocation of community’s resources, rectifies sub-optimal distribution of income, and introduces an element of stability. Thus the objectives of fiscal policy in an Islamic state may be summarised to be; achieving material development that is consistent with Shari’ah economic stability; efficient allocation of resources and an equitable distribution of income by reducing signs of mal- distribution and reducing lavish consumption. |
| Bilgilerin Alındığı Kaynak | Bibliografya Kaydı |