IDEAS home Printed from https://ideas.repec.org/a/abd/kauiea/v27y2014i2no6p85-98.html
   My bibliography  Save this article

Islamic Economics: Where From, Where To? by: Muhammad Nejatullah Siddiqi الاقتصاد الإسلامي: من أين وإلى أين؟ محمد نجاة الله صديقي - تعليق: نورالدين كريشان

Author

Listed:
  • Noureddine Krichene

    (Islamic finance at the INCEIF University, Malaysia.)

Abstract

The paper “Islamic Economics: Where From, Where To?” of Muhammad Nejatullah Siddiqi, a great scholar and pioneer of Islamic economics and finance, has addressed many important issues in Islamic finance and eco-nomics. These include: the role of Sharīʿah and fiqh, the assimilation of Islamic finance with conventional finance, the increasing role of debt in Islamic finance, the necessity to reduce the role of debt, the failure of Islamic finance to alleviate wealth and income inequality, the concept of isrāf, micro-finance, zakāh, awqāf, the concept of money as debt, cancellation of debt through consoles, inflation, and write-offs, inflation and exchange rate devaluation, the foreign debt burden, and prospects for commodity money and a world single currency. Siddiqi notes that conventional finance shortcomings, especially debt and debt trading, had crept into Islamic finance, rendering the latter vaguely different from the former. --

Suggested Citation

  • Noureddine Krichene, 2014. "Islamic Economics: Where From, Where To? by: Muhammad Nejatullah Siddiqi الاقتصاد الإسلامي: من أين وإلى أين؟ محمد نجاة الله صديقي - تعليق: نورالدين كريشان," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 27(2), pages 85-98, July.
  • Handle: RePEc:abd:kauiea:v:27:y:2014:i:2:no:6:p:85-98
    DOI: 10.4197/Islec.27-2.6
    as

    Download full text from publisher

    File URL: https://iei.kau.edu.sa/Files/121/Files/153875_27-2-06-Nouredine.pdf
    Download Restriction: no

    File URL: https://libkey.io/10.4197/Islec.27-2.6?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Ronnie Phillips, 1992. "The 'Chicago Plan' and New Deal Banking Reform," Economics Working Paper Archive wp_76, Levy Economics Institute.
    2. Iqbal, Munawar & Khan, Tariqullah, 2004. "Financing Public Expenditure: An Islamic Perspective (Occasional Papers)," Occasional Papers 202, The Islamic Research and Teaching Institute (IRTI).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Josh Ryan-Collins, 2015. "Is Monetary Financing Inflationary? A Case Study of the Canadian Economy, 1935-75," Economics Working Paper Archive wp_848, Levy Economics Institute.
    2. Mr. Michael Kumhof & Mr. Jaromir Benes, 2012. "The Chicago Plan Revisited," IMF Working Papers 2012/202, International Monetary Fund.
    3. Diaw, Abdou & Bacha, Obiyathulla Ismath & Lahsasna, Ahcene, 2014. "Public Sector Funding and Debt Management: A Case for GDP-Linked Ṣukūk," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 22, pages 185-216.
    4. García, Valeriano F. & Cibils, Vicente Fretes & Maino, Rodolfo, 2004. "Remedy For Banking Crises: What Chicago And Islam Have In Common," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 11, pages 2-22.
    5. Patrizio Lainà, 2015. "Proposals for Full-Reserve Banking: A Historical Survey from David Ricardo to Martin Wolf," Economic Thought, World Economics Association, vol. 4(2), pages 1-1, September.
    6. Matheus R Grasselli & Alexander Lipton, 2018. "The Broad Consequences of Narrow Banking," Papers 1810.05689, arXiv.org.
    7. Dimitri Papadimitriou & L. Randall Wray, 1998. "The Economic Contributions of Hyman Minsky: varieties of capitalism and institutional reform," Review of Political Economy, Taylor & Francis Journals, vol. 10(2), pages 199-225.
    8. Sayyid Tahir, 2017. "Islamic Economics and Prospects for Theoretical and Empirical Research الاقتصاد الإسلامي وآفاق البحوث النظرية والتطبيقية," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 30(1), pages 3-20, January.
    9. Al-Jarhi, Mabid Ali, 2004. "Remedy For Banking Crises: What Chicago And Islam Have In Common: A Comment," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 11, pages 24-42.
    10. Dimitri B. Papadimitriou & L. Randall Wray, 2010. "Introduction: Minsky on Money, Banking and Finance," Chapters, in: Dimitri B. Papadimitriou & L. Randall Wray (ed.), The Elgar Companion to Hyman Minsky, chapter 1, Edward Elgar Publishing.
    11. David Laidler, 2003. "Meltzer's History of the Federal Reserve," Journal of Economic Literature, American Economic Association, vol. 41(4), pages 1256-1271, December.
    12. Walker F. Todd, 1992. "History of and rationales for the Reconstruction Finance Corporation," Economic Review, Federal Reserve Bank of Cleveland, vol. 28(Q IV), pages 22-35.
    13. Samuel Demeulemeester, 2018. "The 100% money proposal and its implications for banking: the Currie–Fisher approach versus the Chicago Plan approach," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 25(2), pages 357-387, March.
    14. George McCandless, 2010. "On the Social Value of Banks," Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 28(61), pages 106-133, August.
    15. repec:abd:kauiea:v:30:y:2017:i:1:p:3-20 is not listed on IDEAS
    16. Hugo Rodríguez Mendizábal, 2020. "Narrow Banking with Modern Depository Institutions: Is There a Reason to Panic?," International Journal of Central Banking, International Journal of Central Banking, vol. 16(4), pages 145-197, September.
    17. David Laidler, 2010. "Chicago Monetary Traditions," Chapters, in: Ross B. Emmett (ed.), The Elgar Companion to the Chicago School of Economics, chapter 6, Edward Elgar Publishing.
    18. A. Stevens, 2017. "Digital currencies : Threats and opportunities for monetary policy," Economic Review, National Bank of Belgium, issue i, pages 79-92, June.
    19. C. Pfister, 2017. "Monetary Policy and Digital Currencies: Much Ado about Nothing?," Working papers 642, Banque de France.
    20. Steven Kates (ed.), 2011. "The Global Financial Crisis," Books, Edward Elgar Publishing, number 14454.
    21. Robert Dimand, 2002. "Patinkin on Irving Fisher's monetary economics," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 9(2), pages 308-326.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:abd:kauiea:v:27:y:2014:i:2:no:6:p:85-98. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: King Abdulaziz University, Islamic Economics Institute. (email available below). General contact details of provider: https://edirc.repec.org/data/cikausa.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.