The Role of Government in an Islamic Economy - Abul Khair Mohd Jalaluddin
Title: The Role of Government in an Islamic Economy
Author: Abul Khair Mohd Jalaluddin
Publisher: A S Noordeen (Malaysia)
Binding: Paperback, 130 pages.
Islam recognizes a limited but important role of Government in an Economy. An Islamic government steps into an economy only when the market fails to operate on its own. There is no role of government under capitalism per se as the invisible hand takes of the market. On the contrary , government Steers entire economy with a perfectly visible hand and owns all means of production in a socialist framework.
This book highlights the role of government in an Islamic economy. In particular, it focuses on the economic rationale of government participation, government approach to economic management economic function of the government ,government policies and its expenditure functions, wage price Regulations and the institution of Hisbah to supervise a modern-day Islamic economy.