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Inclusive Welfare: On The Role of Islamic Public-Social Finance and Monetary Economics

Author

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  • Juhro, Solikin M.
  • Syarifuddin, Ferry
  • Sakti, Ali

Abstract

The concept of inclusive economic development has gained traction among researchers due to the failure of old concepts to solve poverty and social inequality. Shifting of the economic development is needed, from the focus on good and service value to increasing economic participation of communities. To shed a light on the solution, this study aim to examine the lesson learned from Islamic social-public finance and monetary economics role in realizing inclusive welfare. Based on in-depth observation, we found that economic inclusion and inclusive growth are fully in line with the spirit and goals of the Islamic economy in terms of creating equitable welfare for all. There is also an existing linkage between the role of Islamic social-public finance and monetary economics.

Suggested Citation

  • Juhro, Solikin M. & Syarifuddin, Ferry & Sakti, Ali, 2022. "Inclusive Welfare: On The Role of Islamic Public-Social Finance and Monetary Economics," MPRA Paper 113788, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:113788
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    More about this item

    Keywords

    Islamic economy; Public and social finance; Monetary economics; Economic development; Inclusive welfare;
    All these keywords.

    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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