Browsing by Topic Islamic economics

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Showing results 1 to 10 of 91
  • A_comparison_of_transactions_in_conventional_and_Islamic_economies_Mabid.pdf.jpg
  • Academic Proceeding

  • A comparison of transactions in conventional and Islamic economies

    • Authors: Mahmoud Al-Jarhi, Mabid Ali Mohamed (2000)

  • This paper compares the transactions costs in two economies, one conventional, the other Islamic. The conventional economy is characterized by borrowing to finance some current purchases, while the Islamic economy disallows interest-based lending and operates on the basis of universal banking that mixes commerce and commercial and investment banking. To finance current purchases, it provides customers with credit purchase agreements, which entail that the bank buy the commodities and assets from suppliers and resell them on credit to customers satisfying conditions of creditworthiness similar to those that conventional banks require for borrowers. The paper uses simple calculations to...
  • an_Islamic_perspectives_in_economic_development.pdf.jpg
  • Chapter in Book

  • An Islamic perspective on economic development

    • Authors: Iqbal, Zamir; Mirakhor, Abbas (2010)

  • Islam has provided a blueprint of how a society is to be organized, and how the affairs of its members are to be conducted in accordance with its prescriptions. The system itself has not been applied in its entirety, with the exception of a brief period at the inception of Islam. Only in recent decades have Muslims become interested in society-wide implementation of Islamic teachings, with all this implies for development.
  • Analysis_of_commodity_reserve_currency_system_yusuf.pdf.jpg
  • Journal Article

  • Analysis of commodity reserve currency system from Siyasah Shariyyah perspective

    • Authors: Ahmed, Jameel; Mydin Meera, Ahamed Kameel; Saleem, Muhammad Yusuf; Collins, Patrick (2018)

  • This paper aims to apply the doctrine of siyasah shariyyah to a policy proposal in the area of monetary economics, namely, the Grondona system of conditional currency convertibility, which has been proposed as a practical means of resisting the economic instability caused by the present-day fiat money system. The paper uses library research to review the literature relevant to the Grondona system, and examines the extent to which its operations conform to the principle of siyasah shariyyah, thereby encouraging Maslahah, i.e. the public interest. The paper includes important implications for the policymakers in the Organization of Islamic Cooperation countries for the possible implemen...
  • item.jpg
  • Master

  • Assessing the long-run relationship of exchange rate and balance of payment: a case study of Nigeria

    • Authors: Adekunle, Salami Saheed (2016)

  • Theoretically, a monetary policy intervention of a central bank in form of exchange rate devaluation will make exports of such a country cheaper with a resultant increased competitiveness. However, should developing country such as Nigeria that is mostly import-dependent adopt the same approach? Will a greater focus on the structural and developmental changes be a better option? In a long-run, what is the lead-lag relationship between exchange rate and the Balance of Payment (BOP)? These are issues this project paper sets out to empirically investigate through a multivariate vector error correction framework ...
  • item.jpg
  • Master

  • Belt and road initiative and Islamic financing: the case in public private partnership (PPP) infrastructure financing

    • Authors: Jin Zichu (2018)

  • China is currently building a network with more than 80 countries across Asia, Africa, Europe, and Oceania initiating "One Belt and One Road". The main focus of the Belt and Road Initiative (BRI) is in infrastructure transportation, and energy. Countries with majority of Muslim population are involved in BRI and in some ofthese countries Islamic finance is being adopted. The public-private partnership (PPP) model is an important way of infrastructure financing which has potential in reducing government financial pressure by improving operation efficiency, service quality and societal benefits. World Bank report (2018) has discussed flexibility of Islamic financing and the cracking pot...
  • by_the_rules_Islams_foundations_for_economy_and_finance_abbas.pdf.jpg
  • Industry Article

  • By the rules: Islam's foundations for economy and finance

    • Authors: Mirakhor, Abbas (2010)

  • The objective of these institutions is to achieve social justice. Important among their functions is reduction in uncertainty for members of society in order to allow them to overcome the obstacles to decision making caused by paucity of information. Rules specify what kind of conduct is most appropriate to achieving just results when individuals face alternative choices and must take action. They impose restrictions on what society's members can do without upsetting the social order on whose existence all members count in deciding on their own actions and forming their expectations of others' responses and actions.
  • item.jpg
  • Master

  • Can economic freedom help to alleviate poverty and reduce inequality? International evidence

    • Authors: Hasnul, Al Gifari (2017)

  • The topic of poverty and inequality is still a central discussion among the economist. The current efforts in fighting poverty and inequality, which are considered unsuccessful, has motivated the economist and policy makers to find new ideas and strategies in combatting poverty and inequality. At the same time, the area of economic freedom is increasingly being discussed and linked with other major economic areas. This paper aims to examine the relationship between economic freedom and poverty as well as inequality ...
  • item.jpg
  • Chapter in Book

  • Cross-cultural borrowing and comparative evolution of institutions between Islamic world and the West

    • Authors: Cizakca, Murat (2006)

  • The tragic events in our post 9/11 world disguise the fact that Islam and the West have actually been in a symbiotic relationship over the very long period. Cross-cultural institutional borrowing has constituted a major component of this symbiosis. I intend to focus in this paper on the way these civilizations borrowed important economic institutions from each other. The paper will start with a brief theoretical model explaining the process of cross-cultural institutional borrowing. This will then be followed by an account of the economic institutions actually borrowed.

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Browsing by Topic Islamic economics

Jump to: 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
or enter first few letters:  
Showing results 1 to 10 of 91
  • A_comparison_of_transactions_in_conventional_and_Islamic_economies_Mabid.pdf.jpg
  • Academic Proceeding

  • A comparison of transactions in conventional and Islamic economies

    • Authors: Mahmoud Al-Jarhi, Mabid Ali Mohamed (2000)

  • This paper compares the transactions costs in two economies, one conventional, the other Islamic. The conventional economy is characterized by borrowing to finance some current purchases, while the Islamic economy disallows interest-based lending and operates on the basis of universal banking that mixes commerce and commercial and investment banking. To finance current purchases, it provides customers with credit purchase agreements, which entail that the bank buy the commodities and assets from suppliers and resell them on credit to customers satisfying conditions of creditworthiness similar to those that conventional banks require for borrowers. The paper uses simple calculations to...
  • an_Islamic_perspectives_in_economic_development.pdf.jpg
  • Chapter in Book

  • An Islamic perspective on economic development

    • Authors: Iqbal, Zamir; Mirakhor, Abbas (2010)

  • Islam has provided a blueprint of how a society is to be organized, and how the affairs of its members are to be conducted in accordance with its prescriptions. The system itself has not been applied in its entirety, with the exception of a brief period at the inception of Islam. Only in recent decades have Muslims become interested in society-wide implementation of Islamic teachings, with all this implies for development.
  • Analysis_of_commodity_reserve_currency_system_yusuf.pdf.jpg
  • Journal Article

  • Analysis of commodity reserve currency system from Siyasah Shariyyah perspective

    • Authors: Ahmed, Jameel; Mydin Meera, Ahamed Kameel; Saleem, Muhammad Yusuf; Collins, Patrick (2018)

  • This paper aims to apply the doctrine of siyasah shariyyah to a policy proposal in the area of monetary economics, namely, the Grondona system of conditional currency convertibility, which has been proposed as a practical means of resisting the economic instability caused by the present-day fiat money system. The paper uses library research to review the literature relevant to the Grondona system, and examines the extent to which its operations conform to the principle of siyasah shariyyah, thereby encouraging Maslahah, i.e. the public interest. The paper includes important implications for the policymakers in the Organization of Islamic Cooperation countries for the possible implemen...
  • item.jpg
  • Master

  • Assessing the long-run relationship of exchange rate and balance of payment: a case study of Nigeria

    • Authors: Adekunle, Salami Saheed (2016)

  • Theoretically, a monetary policy intervention of a central bank in form of exchange rate devaluation will make exports of such a country cheaper with a resultant increased competitiveness. However, should developing country such as Nigeria that is mostly import-dependent adopt the same approach? Will a greater focus on the structural and developmental changes be a better option? In a long-run, what is the lead-lag relationship between exchange rate and the Balance of Payment (BOP)? These are issues this project paper sets out to empirically investigate through a multivariate vector error correction framework ...
  • item.jpg
  • Master

  • Belt and road initiative and Islamic financing: the case in public private partnership (PPP) infrastructure financing

    • Authors: Jin Zichu (2018)

  • China is currently building a network with more than 80 countries across Asia, Africa, Europe, and Oceania initiating "One Belt and One Road". The main focus of the Belt and Road Initiative (BRI) is in infrastructure transportation, and energy. Countries with majority of Muslim population are involved in BRI and in some ofthese countries Islamic finance is being adopted. The public-private partnership (PPP) model is an important way of infrastructure financing which has potential in reducing government financial pressure by improving operation efficiency, service quality and societal benefits. World Bank report (2018) has discussed flexibility of Islamic financing and the cracking pot...
  • by_the_rules_Islams_foundations_for_economy_and_finance_abbas.pdf.jpg
  • Industry Article

  • By the rules: Islam's foundations for economy and finance

    • Authors: Mirakhor, Abbas (2010)

  • The objective of these institutions is to achieve social justice. Important among their functions is reduction in uncertainty for members of society in order to allow them to overcome the obstacles to decision making caused by paucity of information. Rules specify what kind of conduct is most appropriate to achieving just results when individuals face alternative choices and must take action. They impose restrictions on what society's members can do without upsetting the social order on whose existence all members count in deciding on their own actions and forming their expectations of others' responses and actions.
  • item.jpg
  • Master

  • Can economic freedom help to alleviate poverty and reduce inequality? International evidence

    • Authors: Hasnul, Al Gifari (2017)

  • The topic of poverty and inequality is still a central discussion among the economist. The current efforts in fighting poverty and inequality, which are considered unsuccessful, has motivated the economist and policy makers to find new ideas and strategies in combatting poverty and inequality. At the same time, the area of economic freedom is increasingly being discussed and linked with other major economic areas. This paper aims to examine the relationship between economic freedom and poverty as well as inequality ...
  • item.jpg
  • Chapter in Book

  • Cross-cultural borrowing and comparative evolution of institutions between Islamic world and the West

    • Authors: Cizakca, Murat (2006)

  • The tragic events in our post 9/11 world disguise the fact that Islam and the West have actually been in a symbiotic relationship over the very long period. Cross-cultural institutional borrowing has constituted a major component of this symbiosis. I intend to focus in this paper on the way these civilizations borrowed important economic institutions from each other. The paper will start with a brief theoretical model explaining the process of cross-cultural institutional borrowing. This will then be followed by an account of the economic institutions actually borrowed.