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Theory of Fiscal Policy in an Islamic State نظرية السياسة المالية في الدولة الإسلامية

Author

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  • F.R. FARIDI

    (Associate Professor and Head, Department of Socio-Technical Studies King Abdulaziz University, Jeddah, Saudi Arabia.)

Abstract

The present study seeks to attempt a theoretical exposition of the fiscal dynamics of an Islamic economy. In view of the absence of any empirical base in the modern world, the exposition relies heavily on the following techniques of analysis: i. The norms and values that are relevant to and direct the economic aspects of individual and collective behavior in an Islamic society have been spelt out in terms of their likely impact on the allocation, distribution and stabilization branches of public economics. ii. The behavior of an Islamic economic system in the past has been taken as the datum for theoretical projection in the future. In other words. the total absence of any empirical base in the modern Muslim societies has been partly compensated for by a selective adoption of past Islamic societies as the sample. --

Suggested Citation

  • F.R. Faridi, 1983. "Theory of Fiscal Policy in an Islamic State نظرية السياسة المالية في الدولة الإسلامية," Journal of Research in Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 1(1), pages 15-30, January.
    • Handle: RePEc:abd:crieja:v:1:y:1983:i:1:no:2:p:15-30
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    Citations

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    Cited by:

    1. Mohammed B. Yusoff, 2006. "Fiscal Policy In An Islamic Economy And The Role Of Zakat," IIUM Journal of Economics and Management, IIUM Journal of Economis and Management, vol. 14(2), pages 117-146, December.
    2. Jaelani, Aan, 2015. "Public financial management in Indonesia: Review of Islamic public finance," MPRA Paper 72340, University Library of Munich, Germany, revised 01 Nov 2015.
    3. M. Fahim Khan, 1984. "Macro Consumption Function in an Islamic Framework وظيفة الاستهلاك الكلي في إطار إسلامي," Journal of Research in Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 1(2), pages 3-25, July.
    4. Jaelani, Aan, 2015. "PENGELOLAAN KEUANGAN PUBLIK DI INDONESIA: Tinjauan Keuangan Publik Islam [MANAGEMENT OF PUBLIC FINANCE IN INDONESIA: Review of Islamic Public Finance]," MPRA Paper 69525, University Library of Munich, Germany.
    5. Shehu Usman Rano, Aliyu, 2017. "A Treatise on Socioeconomic Roles of Zakah," MPRA Paper 81155, University Library of Munich, Germany, revised 05 Sep 2017.
    6. ISHAK YELKENCI , Nur Shuhada, 2022. "The Progress Of Shari’Ah Implementation In Zakah Management & The Actual Proceeds: Malaysia As A Case Study With Correlation Analysis," Academic Review of Humanities and Social Sciences, Bursa Teknik Üniversitesi, vol. 5(1), pages 105-129.
    7. Ausaf Ahmad, 1996. "Book Review: MOHAMMED ARIFF (editor): The Islamic Voluntary Sector in Southeast Asia, Reviewed by: AUSAF AHMAD مراجعة علمية لكتاب: محمد عارف (محرر): القطاع التطوعي الإسلامي في جنوب شرق آسيا ، مراجعة: ," Book reviews and book reports published in the Journal of King Abdulaziz University: Islamic Economics. 432, King Abdulaziz University, Islamic Economics Institute..
    8. repec:abd:kauiea:oldjournal:v:1:y:1984:i:2:no:1:p:3-25 is not listed on IDEAS
    9. Habib Ahmed, 2019. "Fiscal Policy and Deficit Financing: Islamic Perspectives السياسة المالية وتمويل العجز: وجهات نظر إسلامية," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 32(1), pages 79-85, January.
    10. Gulaid, Mahamoud A., 1995. "Public Sector Resource Mobilization In Islam," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 2, pages 79-107.

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