Browsing by Topic Islamic economics

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Showing results 57 to 66 of 90
  • Macroeconomic_announcements_volatility_interrelationships_mansur.pdf.jpg
  • Journal Article


  • Authors: Jones, Brad; Chien-Ting, Lin; Mohammed Masih, Abul Mansur (2004)

  • This study investigates the intraday and daily pricing behavior of UK interest rate and equity index futures contracts. The paper initially examines the response of Short Sterling, Long Gilt, and FTSE100 to the release of scheduled macroeconomic announcements before employing dynamic time series techniques in order to reveal the nature of causal transmission patterns between these variables. In brief, short-term interest rates were found to be highly sensitive to indicators of prevailing economic conditions. However, the release of data important in the formation of inflationary expectations had a relatively subdued impact on long-term rates. Announcement effects appear somewhat ambig...

  • Macroeconomic_policy_trilemma_in_open_economies_mansur.pdf.jpg
  • Journal Article


  • Authors: Mohammed Masih, Abul Mansur (2005)

  • Right now Malaysia has the major economic fundamentals more or less right (excepting the budget deficit). The inflation rate is low (1.2%), unemployment rate is relatively low (3.5%), current account balance is significantly positive (13.7%), foreign reserves are growing and comfortable and the savings rate is high. Given Malaysia's current economic and political strength and the experiences of many other open economies, it appears to me that as long as the macroeconomic discipline as well as the ongoing financial and corporate sector restructuring developments are maintained, Malaysia can enhance its FDI inflows, growth rate of output and employment significantly by continuing with t...

  • Markets and the role of government in an economy from Islamic perspective_zubair.pdf.jpg
  • Journal Article


  • Authors: Hasan, Zubair (2008-12-15)

  • This paper explains the notion of market in historical perspective and the role markets play in free enterprise economies. It lists the major market failures and the role governments are expected to play in regulating and supplementing markets including the promotion of CSR from Islamic perspective. The discussion is limited to product and factor markets.

  • 2011_feb_21_memperkasa_ekonomi_ummah_alhabshi.pdf.jpg
  • Academic Presentation


  • Authors: Alhabshi, Syed Othman (2011-02-21)

  • Ekonomi merupakan asas hidup yang amat penting dan bermakna. Masalah ekonomi boleh menjelma dalam berbagai cara. Ketidak seimbangan ekonomi menonjolkan perasaan negatif antara mereka yang berada dan yang tidak berada. Paras harga yang tinggi juga boleh menjadi masalah besar. Inflasi boleh menghakis pendapatan terutama mereka yang berpendapatan rendah. Pengangguran juga akan membawa akibat yang buruk kepada negara. Yang paling penting ialah kadar kemiskinan yang semakin meninggi boleh menjajaskan kesetabilan sosial dan politik negara.

  • item.jpg
  • Master


  • Authors: Mohammad Nor, Karina (2016)

  • In the last decade, Malaysia has witnessed a growing number of corporate takeover exercises. The growth in the asset management industry meant that the role of institutional investors have become more important in these corporate takeovers. Neither the synergistic gains hypothesis nor the information effect hypothesis were able to fully explain the market responses to takeover announcements and the gains derived from corporate acquisitions on whether the offer is successful ... Available in physical copy only (Call Number: t HD 2746.55 M4 K18)

  • methods_methodologies_fiqh_islamic_economics_yusufsaleem.pdf.jpg
  • Journal Article


  • Authors: Saleem, Muhammad Yusuf (2010)

  • This paper intends to examine the methods of reasoning that are employed in Fiqh and critically discuss their adoption in Islamic economics. The paper argues that the methods used in Fiqh are mainly designed to find out whether or not a certain act is permissible or prohibited. Islamic economics, on the other hand, is a social science. Like any other social science its proper unit of analysis is the society itself. Methodologies of Fiqh and Islamic economics also differ as the former focuses on prescriptions. It prescribes what an individual should do or avoid. In contrast, Islamic economics is more concerned with describing economic phenomena. While Fiqh, especially worship (Ibadat) ...

  • IF_Hub_Issue_3_Mitigating_the_size_of_shadow_economy_Baharom.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Abdul Hamid, Baharom (2017)

  • Shadow economy and tax evasion are two inseparable phenomena. The existence of the former suggests the present of the latter and vice versa. The presence of shadow economy reduces the tax base and thereby eventually reduces government tax revenue. Since the activity of the shadow economy is excluded from the official gross domestic product (GDP) statistics, thus, official GDP statistics will provide wrong indicators for macroeconomic policy decisions. On the other hand, tax evasion is a growing concern to the government as the tax revenue loss has serious economic consequences. By evading taxes the government is deprived from providing adequate financing for public services, infrastru...

  • item.jpg
  • Journal Article


  • Authors: Esmaeili, Fatemeh; Sadr, Seyed Kazem; Noferesti, Mohammad (2012)

  • The objective of this study is to derive a money demand function compatible with the Islamic Economic Rules, i.e., Prohibition of Reba. This rule, evidently eliminates the loan market from the economy.Therefore, we propose that the Islamic financial markets could link the real and nominal sectors of the economy and provide the information needed by both the financial intermediaries and the Central Bank authorities to allocate financial and liquid assets, respectively. Meanwhile, the nature of speculative activities are discussed. and conditions that facilitate harmful speculative activities are identified and the policies that are required to eliminate those conditions are proposed. B...

  • muslim_contribution_in_economics.pdf.jpg
  • Chapter in Book


  • Authors: Mirakhor, Abbas (2014)

  • After discussing the Gracco-Roman economics, Joseph Schumpeter in his Magnum Opus, History of Economic Analysis, states that: "So far as our subject is concerned we may safely leap over 500 years to the epoch of St. Thomas Aquinas (1225-74) whose Summa Theologica is in the history of thought what the south-western spire of the Cathedral of Chartres is in the history of architecture."

  • nature_money_modern_economy_implications_consequences_stephen_robert_mabid.pdf.jpg
  • Journal Article


  • Authors: Mahmoud Al-Jarhi, Mabid Ali Mohamed (2016)

  • Reforming the contemporary monetary and financial system has come under the limelight with the onset of the last international financial crisis. Zarlenga and Poteat focus on the elimination of credit money and the return of the exclusive right of issuing money to the government as a key to reforming the system. In this comment, I argue that they are right, but reform should be wider and more comprehensive. My arguments are inspired by al-Jarhi's model of an Islamic monetary system (1981).

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 57 to 66 of 90
  • Macroeconomic_announcements_volatility_interrelationships_mansur.pdf.jpg
  • Journal Article


  • Authors: Jones, Brad; Chien-Ting, Lin; Mohammed Masih, Abul Mansur (2004)

  • This study investigates the intraday and daily pricing behavior of UK interest rate and equity index futures contracts. The paper initially examines the response of Short Sterling, Long Gilt, and FTSE100 to the release of scheduled macroeconomic announcements before employing dynamic time series techniques in order to reveal the nature of causal transmission patterns between these variables. In brief, short-term interest rates were found to be highly sensitive to indicators of prevailing economic conditions. However, the release of data important in the formation of inflationary expectations had a relatively subdued impact on long-term rates. Announcement effects appear somewhat ambig...

  • Macroeconomic_policy_trilemma_in_open_economies_mansur.pdf.jpg
  • Journal Article


  • Authors: Mohammed Masih, Abul Mansur (2005)

  • Right now Malaysia has the major economic fundamentals more or less right (excepting the budget deficit). The inflation rate is low (1.2%), unemployment rate is relatively low (3.5%), current account balance is significantly positive (13.7%), foreign reserves are growing and comfortable and the savings rate is high. Given Malaysia's current economic and political strength and the experiences of many other open economies, it appears to me that as long as the macroeconomic discipline as well as the ongoing financial and corporate sector restructuring developments are maintained, Malaysia can enhance its FDI inflows, growth rate of output and employment significantly by continuing with t...

  • Markets and the role of government in an economy from Islamic perspective_zubair.pdf.jpg
  • Journal Article


  • Authors: Hasan, Zubair (2008-12-15)

  • This paper explains the notion of market in historical perspective and the role markets play in free enterprise economies. It lists the major market failures and the role governments are expected to play in regulating and supplementing markets including the promotion of CSR from Islamic perspective. The discussion is limited to product and factor markets.

  • 2011_feb_21_memperkasa_ekonomi_ummah_alhabshi.pdf.jpg
  • Academic Presentation


  • Authors: Alhabshi, Syed Othman (2011-02-21)

  • Ekonomi merupakan asas hidup yang amat penting dan bermakna. Masalah ekonomi boleh menjelma dalam berbagai cara. Ketidak seimbangan ekonomi menonjolkan perasaan negatif antara mereka yang berada dan yang tidak berada. Paras harga yang tinggi juga boleh menjadi masalah besar. Inflasi boleh menghakis pendapatan terutama mereka yang berpendapatan rendah. Pengangguran juga akan membawa akibat yang buruk kepada negara. Yang paling penting ialah kadar kemiskinan yang semakin meninggi boleh menjajaskan kesetabilan sosial dan politik negara.

  • item.jpg
  • Master


  • Authors: Mohammad Nor, Karina (2016)

  • In the last decade, Malaysia has witnessed a growing number of corporate takeover exercises. The growth in the asset management industry meant that the role of institutional investors have become more important in these corporate takeovers. Neither the synergistic gains hypothesis nor the information effect hypothesis were able to fully explain the market responses to takeover announcements and the gains derived from corporate acquisitions on whether the offer is successful ... Available in physical copy only (Call Number: t HD 2746.55 M4 K18)

  • methods_methodologies_fiqh_islamic_economics_yusufsaleem.pdf.jpg
  • Journal Article


  • Authors: Saleem, Muhammad Yusuf (2010)

  • This paper intends to examine the methods of reasoning that are employed in Fiqh and critically discuss their adoption in Islamic economics. The paper argues that the methods used in Fiqh are mainly designed to find out whether or not a certain act is permissible or prohibited. Islamic economics, on the other hand, is a social science. Like any other social science its proper unit of analysis is the society itself. Methodologies of Fiqh and Islamic economics also differ as the former focuses on prescriptions. It prescribes what an individual should do or avoid. In contrast, Islamic economics is more concerned with describing economic phenomena. While Fiqh, especially worship (Ibadat) ...

  • IF_Hub_Issue_3_Mitigating_the_size_of_shadow_economy_Baharom.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Abdul Hamid, Baharom (2017)

  • Shadow economy and tax evasion are two inseparable phenomena. The existence of the former suggests the present of the latter and vice versa. The presence of shadow economy reduces the tax base and thereby eventually reduces government tax revenue. Since the activity of the shadow economy is excluded from the official gross domestic product (GDP) statistics, thus, official GDP statistics will provide wrong indicators for macroeconomic policy decisions. On the other hand, tax evasion is a growing concern to the government as the tax revenue loss has serious economic consequences. By evading taxes the government is deprived from providing adequate financing for public services, infrastru...

  • item.jpg
  • Journal Article


  • Authors: Esmaeili, Fatemeh; Sadr, Seyed Kazem; Noferesti, Mohammad (2012)

  • The objective of this study is to derive a money demand function compatible with the Islamic Economic Rules, i.e., Prohibition of Reba. This rule, evidently eliminates the loan market from the economy.Therefore, we propose that the Islamic financial markets could link the real and nominal sectors of the economy and provide the information needed by both the financial intermediaries and the Central Bank authorities to allocate financial and liquid assets, respectively. Meanwhile, the nature of speculative activities are discussed. and conditions that facilitate harmful speculative activities are identified and the policies that are required to eliminate those conditions are proposed. B...

  • muslim_contribution_in_economics.pdf.jpg
  • Chapter in Book


  • Authors: Mirakhor, Abbas (2014)

  • After discussing the Gracco-Roman economics, Joseph Schumpeter in his Magnum Opus, History of Economic Analysis, states that: "So far as our subject is concerned we may safely leap over 500 years to the epoch of St. Thomas Aquinas (1225-74) whose Summa Theologica is in the history of thought what the south-western spire of the Cathedral of Chartres is in the history of architecture."

  • nature_money_modern_economy_implications_consequences_stephen_robert_mabid.pdf.jpg
  • Journal Article


  • Authors: Mahmoud Al-Jarhi, Mabid Ali Mohamed (2016)

  • Reforming the contemporary monetary and financial system has come under the limelight with the onset of the last international financial crisis. Zarlenga and Poteat focus on the elimination of credit money and the return of the exclusive right of issuing money to the government as a key to reforming the system. In this comment, I argue that they are right, but reform should be wider and more comprehensive. My arguments are inspired by al-Jarhi's model of an Islamic monetary system (1981).