Challenges in Economic and Financial Policy Formulation: An Islamic Perspective [Hardcover]

Challenges in Economic and Financial Policy Formulation provides an introductory, yet comprehensive, treatment of macroeconomic policies and their implementation in an Islamic-designed economic system.1. Introduction: The Significance of Policy 2. Institutional Perspective of Islamic Economics 3. Economic and Social Justice: A Policy Objective in Islam 4. Risk Sharing Finance and the Role of Public Policy 5. Lessons from Financial Crisis: A Policy Failure? 6. Financial and Capital Market Policies 7. Fiscal and Monetary Policy in Islam 8. Developing Social Capital 9. Financial Inclusion: Implications for Public Policy 10. Environmental and Natural Resource Policies in Islam 11. Benchmarking Islamic Finance Enabling Policies 12. Policy Challenges: Building Institutions

This book has succinctly described the fundamental bases for economic and finance policies required to achieve socio-economic justice as perceived by Islam. It emphasizes rule compliance and risk sharing to attain equitable distribution, financial stability, and financial inclusion. It is thought provoking and exciting as it offers a new policy framework for the present crisis-laden world. It is a groundbreaking publication and hence is a must-read for both experts and novices. - Syed Othman Alhabshi, Chief Academic Officer, INCEIF - The Global University of Islamic Finance, Malaysia

Askari, Iqbql, and Mirakhor have produced a comprehensive yet accessible guide to the proper role of the state in an economic system designed in accordance with the tenets of Islam. This is a tour de force not only on Islamic teachings on supervisory mechanisms required for taming unfettered markets, but a comprehensive guide to the evolution of thinking on macro- and developmental economics. - Dariush Zahedi, Director, Berkeley Program on Entrepreneurship and Development in the Middle East, University of California, Berkeley, USA

My congratulations to the authors for their vl�