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Full Description
The study of economic development is inherently grounded in philosophical and ethical assumptions. In other words, to discuss economic development either at a conceptual level or as a real process necessitates an ethical and philosophical basis. The authors of this book believe that Islamic economics can serve as such a basis, one that emanates from Islamic principles and values.
This book presents a distinctive ethical and philosophical framework, one that is grounded in Islamic principles and the established literature of Islamic economics and finance, to analyse and interpret the concept of economic development, as well as to propose policy solutions to real-world development problems and challenges. The book contains theoretical and empirical studies, which connect the literature of Islamic economics with economic development. While some chapters discuss development at the conceptual/philosophical level, others examine the real-world issues faced by developing countries. It proposes institutional constructs as well as concrete public policies to face developmental challenges, such as fighting poverty and inequality, environmental and social sustainability, industrialisation and industrial policy and social services and human capital.
Serving as both an introduction and a comprehensive resource, this book illustrates how the concepts and problems of economic development can be examined from an Islamic economics perspective, and, as such, will equip researchers and students with a basic understanding of how Islamic economics interacts with the issues of economic development.
Contents
List of Figures. List of Tables. List of Contributors. Preface. Acknowledgements. PART I Institutions and Theoretical Framework. 1 Islamic Economics and Economic Development: A Reflection. 2 Rethinking Global Development Policies: An Islamic Economics Approach. 3 Islamic Universal Politico-Economic Institutional Transmission Mechanisms for Global Sustainable Development. 4 Achieving Economic Development through Institutionalisation of Zakat and Waqf in Contemporary Economies. PART II Policies and Governance Mechanisms. 5 Intergenerational Poverty in Developing Countries: A Critical Review Followed by a Two-Stage Firoza Model. 6 Financial Innovation, Economic Development, and Islamic Principles. 7 After the COVID-19 Outbreak, Is Islamic Finance a Cure for Global Economic Disruptions? 8 Between Esham and Cash Waqf Linked Sukuk to Fiscal and Development Sustainability: Comparative Analysis. 9 The Role of Infaq Institution on Income Inequality: A Model Proposal for Turkey to Alleviate Income Inequality. PART III Empirical Work. 10 State, Conflict, and Development: An Institutional Perspective on the Developmental Experience of Muslim Majority Kashmir. 11 An Empirical Work on the Relationship between Zakat and Development. 12 Determinants of Inclusive Growth in Islamic Countries: An Empirical Approach. 13 Islamic Social Finance and Sustainable Finance: A Survey on Literacy among Scholars and Students. Index.
