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Macroeconomic policy and Islamic finance in Malaysia

紀錄類型:	書目-語言資料,印刷品 : Monograph/item
正題名/作者:	Macroeconomic policy and Islamic finance in Malaysia/ by Azura Othman ... [et al.].
其他作者:	Othman, Azura.
出版者:	New York :Palgrave Macmillan US : : 2017.,
面頁冊數:	xxiii, 293 p. :ill., digital ; : 24 cm.;
Contained By:	Springer eBooks
標題:	Macroeconomics. -
標題:	Malaysia - Economic conditions - 20th century. -
電子資源:	http://dx.doi.org/10.1057/978-1-137-53159-9
ISBN:	9781137531599

Macroeconomic policy and Islamic finance in Malaysia
Macroeconomic policy and Islamic finance in Malaysia[electronic resource] /by Azura Othman ... [et al.]. - New York :Palgrave Macmillan US :2017. - xxiii, 293 p. :ill., digital ;24 cm. - Financial institutions, reforms, and policies in Muslim countries. - Financial institutions, reforms, and policies in Muslim countries..

1. Introduction -- 2. Risk Transfer, Risk Sharing, and Islamic Finance -- 3. Macroeconomic Policies and Risk Transfer -- 4. Islamic Finance, Risk Sharing, and Macroeconomic Policies -- 5. The History of Islamic Finance in Malaysia -- 6. Fiscal Policy and Islamic Finance: Malaysia -- 7. Monetary Policy and Islamic Finance: Malaysia -- 8. Policy Recommendations -- 9. Concluding Remarks.

This book offers an alternative framework for macroeconomic policy in Malaysia, derived from the universal principles of social justice espoused in the objectives of the Shariah. It attempts to holistically analyze issues related to public finance, which has been criticized for lack of transparency and justice in wealth distribution. This book explores these criticisms and discusses the principles of Islamic finance that may be applied to macroeconomic policymaking to create a better economy overall. It presents a case for a flat tax system, to make the economy more resilient to shocks, and financing methods that limit interest-rate-based debt contracts and allow greater risk sharing among the market participants on a broad scale. Using both qualitative and quantitative methods, this book models the Malaysian economy based on policies that apply the fundamental Islamic finance principle of risk sharing to demonstrate its benefits in spurring growth, promoting distributive justice, rendering the economy more stable, strengthening the potency of monetary policy, enhancing fiscal governance, and improving financial inclusion. The book will be of interest to students, policymakers, financial institutions, researchers, ministries of finance, central banks, securities commissions, and anyone interested in alternative economic paradigms.

ISBN: 9781137531599

Standard No.: 10.1057/978-1-137-53159-9doiSubjects--Topical Terms:

554837
Macroeconomics.
Subjects--Geographical Terms:

800139
Malaysia
--Economic conditions--20th century.

LC Class. No.: HG3300.6.A6

Dewey Class. No.: 332.109595

Macroeconomic policy and Islamic finance in Malaysia
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505 0 $a 1. Introduction -- 2. Risk Transfer, Risk Sharing, and Islamic Finance -- 3. Macroeconomic Policies and Risk Transfer -- 4. Islamic Finance, Risk Sharing, and Macroeconomic Policies -- 5. The History of Islamic Finance in Malaysia -- 6. Fiscal Policy and Islamic Finance: Malaysia -- 7. Monetary Policy and Islamic Finance: Malaysia -- 8. Policy Recommendations -- 9. Concluding Remarks.
520 $a This book offers an alternative framework for macroeconomic policy in Malaysia, derived from the universal principles of social justice espoused in the objectives of the Shariah. It attempts to holistically analyze issues related to public finance, which has been criticized for lack of transparency and justice in wealth distribution. This book explores these criticisms and discusses the principles of Islamic finance that may be applied to macroeconomic policymaking to create a better economy overall. It presents a case for a flat tax system, to make the economy more resilient to shocks, and financing methods that limit interest-rate-based debt contracts and allow greater risk sharing among the market participants on a broad scale. Using both qualitative and quantitative methods, this book models the Malaysian economy based on policies that apply the fundamental Islamic finance principle of risk sharing to demonstrate its benefits in spurring growth, promoting distributive justice, rendering the economy more stable, strengthening the potency of monetary policy, enhancing fiscal governance, and improving financial inclusion. The book will be of interest to students, policymakers, financial institutions, researchers, ministries of finance, central banks, securities commissions, and anyone interested in alternative economic paradigms.
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