nep-isf New Economics Papers
on Islamic Finance
Issue of 2018‒06‒18
three papers chosen by
Halimatun Aris

  1. Monetary policy in perspective of Umer Chapra By Arikha, Dahlia
  2. The role of zakat in the provision of social protection: a comparison between Jordan, Palestine and Sudan By Charlotte Bilo; Anna Carolina Machado
  3. Islamic Republic of Mauritania; Economic Development Documents By International Monetary Fund

  1. By: Arikha, Dahlia
    Abstract: This research is a type of qualitative research with a study approach profound literature. The study discussed was the thought of M. Umer Chapra in the field of Islamic monetary policy. Chapra's extensive experience in teaching and research economic field as well as a good understanding of Islamic Shari'ah, bringing on the conclusion that Islam is only the most appropriate alternative system for creating the welfare of mankind. It was shown Chapra in the discussion about instruments in monetary policy, the urgency of changing the banking system and on finally realize the concept of Islamic-style welfare state.
    Keywords: Monetary Policy, Reconstruction Conventional Bank, Islamic Welfare State
    JEL: E00 E52 E58 O42
    Date: 2018–03–17
  2. By: Charlotte Bilo (IPC-IG); Anna Carolina Machado (IPC-IG)
    Abstract: "Zakat is one of the five pillars of Islam and considered a religious duty for wealthy people to support those in need. In Muslim-majority countries, zakat has a long tradition of providing income, goods for consumption and other basic services such as health care and education to poor and marginalised populations. A growing body of research has investigated the role of zakat in the provision of social protection and its importance as a poverty reduction mechanism. Although based on the same principles, countries vary significantly in the institutionalisation of zakat, ranging from obligatory to voluntary contributions. The institutional arrangements and benefit provision also differ greatly". (...)
    Keywords: Role, zakat, provision, social protection, comparison, Jordan, Palestine, Sudan
    Date: 2018–05
  3. By: International Monetary Fund
    Abstract: The Strategy for Accelerated Growth and Shared Prosperity (SCAPP) prepared by the Mauritanian Government upon completion of the PRSP (2001–15) covers the period 2016–30, which corresponds to that of the 2030 Agenda for Sustainable Development. The strategy was formulated with the participation of the various actors involved, namely the Sectoral Technical Committees (CTS) at the ministerial department level, representatives of the decentralized administrations, representatives of national and local elected officials, civil society, the private sector, academics, youth, women, Mauritanians living abroad, contacts, and Technical and Financial Partners (TFPs). Once the process was completed, two volumes were drafted: (i) A social, economic, institutional, and environmental diagnostic assessment of the country; and (ii) Strategic Guidelines and Action Plan 2016–20 of the SCAPP. Following are the principal conclusions and guidelines of the two volumes.
    Date: 2018–06–01

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