This book explores contemporary empirical issues in Islamic economics. It begins by outlining current trends in Islamic economics and before identifying gaps in the empirical research. It then goes on to discuss the role of institutions in economic growth for Islamic countries, and the fiscal aspects of Islamic economics. It explores issues in debt and growth, as well as the instruments of monetary management in Islamic economics. It analyses the trade-off between growth and stability and concludes with discussion of Zakat and Waqf in driving growth.
s Alam is currently Professor of Finance at Sunway University Business School, Sunway University. He previously served as an Associate Professor of Finance at the Nottingham University Business School (NUBS) in the University of Nottingham Malaysia Campus (UNMC). He also served as the founding director of Center for Islamic Business and Finance Research at UNMC.
Syed Aun R. Rizvi is an Assistant Professor at Suleman Dawood School of Business at Lahore University of Management Sciences (LUMS), Pakistan. He is also a Research Affiliate of Centre for Islamic Business and Finance Research (CIBFR) at University of Nottingham Malaysia Campus, Malaysia, where he previously served in a similar academic role for over two years. He has considerable industry experience in fund management, as well as a diverse teaching and research background. His research focuses on capital markets in Islamic and emerging economies.
Chapter 1: Islamic Economics' Contribution to Conventional Economics.- Chapter 2: Islamic Financial Planning towards a Sustainable eco-Growth.- Chapter 3: Remittances, Political Stability and Economic Development: Empirical Evidence from OIC countries.- Chapter 4: Mitigating Shadow Economy Through Dual Banking Sector Development in Malaysia.- Chapter 5: Islamic Common Market. An Alternative Model to Globalization.- Chapter 6: Issues deter the propelling growth of awqaf in Bangladesh: The way forward to its developments and widening the scope of its benefits.- Chapter 7: Money in Islamic Banking System.