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Full Description
The book discusses leading issues in Islamic economics and finance that continue to remain in a fluid, non-consensual state in the profession. It examines the nature and significance of Islamic economics. The book deals with the mainstream topics including growth, environment, distributive justice, monetary policy, risk treatment, methodology and Basel Accords to rehabilitate them for the Islamic discipline within the framework of scarcity, self-interest and gain maximization. Further, it explores the role of the state in directing the economy toward achieving Islamic goals of development and welfare.
Contents
Chapter 1: The Nature and Significance of Islamic Economics: Integrative Approach.- Chapter 2: Scarcity Self-Interest and Maximization: Efficacy For Islamic Economics.- Chapter 3: Islam and Economic Development: Mundane Effort for Spiritual Solace.- Chapter 4: Growth Versus Environment: Pollution and Its Mitigation.- Chapter 5: Distributive Justice: Foundation and Measures.- Chapter 6: Consumption: Micro Foundations and Macro Modelling.- Chapter 7: Deficit Financing in Developing Countries: Applications and Consequences.- Chapter 8: Money: Evolution, Forms, and Expansion.- Chapter 9: Monetary Policy: Credit Creation and Control.- Chapter 10: The Basel Accords and Islamic Banks.- Chapter 11: Systems' Convergence: Boon or Bane?.- Chapter 12: Risk and Islamic Finance: Correction of a Misconception.- Chapter 13: Home Financing Models: Shari'ah Compliance?.- Chapter 14: Methodology and Islamic Economics: Efficacy of Discussion.- Chapter 15: Issues in Profit Measurement: Accountants Versus Economists.