Beschreibung:
This book 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 industrial and developing countries. Such a model advocates a limited government confined to its natural duties of defense, 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; labor, capital, and trade and foreign exchange markets. The government has to be Sharia-compliant in its taxation power; to reduce unproductive spending.
List of figures List of tables Preface Acknowledgments 1. Nature and dangers of statism 2. The government from a Sharia perspective 3. Sharia free market model 4. Zakat: A mandatory redistributive principle of a Sharia model 5. Fiscal policy from a Sharia perspective 6. Nature of money in Sharia 7. On the nature of inflationary financing 8. On the nature of financial repression 9. Sharia banking and capital markets sector 10. A fully liberalized labor market 11. Sharia free trade and foreign exchange policy 12. Growth policy and private sector development Conclusions Index