Comparative Islamic perspectives in money, monetary policy, and social wellbeing

Moral and ethical context of money and monetary policy in the creation of a stable and real growth perspective of the economy and wellbeing criterion is formalized. This derivation and casting it into a generalized analytical model is premised on the cardinal Islamic ontological law of unity of know...

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Main Author: Choudhury, Masudul Alam
Format: Article
Published: SESRIC 2018
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Online Access:http://eprints.um.edu.my/22196/
http://www.sesric.org/pdf.php?file=ART18010302-2.pdf
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Institution: Universiti Malaya
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spelling my.um.eprints.221962019-09-04T02:51:29Z http://eprints.um.edu.my/22196/ Comparative Islamic perspectives in money, monetary policy, and social wellbeing Choudhury, Masudul Alam BP Islam. Bahaism. Theosophy, etc HG Finance Moral and ethical context of money and monetary policy in the creation of a stable and real growth perspective of the economy and wellbeing criterion is formalized. This derivation and casting it into a generalized analytical model is premised on the cardinal Islamic ontological law of unity of knowledge. This spells out the essence of pervasive complementarities between the good things of life as the life-sustaining possibilities of maqasid as-shari’ah, the purpose and objective of shari’ah in term of its direct relationship with the ontological law of Tawhid, oneness of God spelled out in terms of the unity of knowledge and pervasive organic complementarities between the maqasid-goods. The paper thereby makes a distinct difference between the essential reference to Tawhid, thus shari’ah at-Tawhid. This primal conception and methodological worldview is distinctly contrary to the man-made vagaries of what is called ‘shari’ah compliance’. Against such background this paper undertakes a comparative study of the nature of money and monetary policy. This approach leads into the model of money, finance, and real economy model and its various ramifications. An analytical approach is adopted within the comparative perspectives of money and monetary policy for the Islamic case. SESRIC 2018 Article PeerReviewed Choudhury, Masudul Alam (2018) Comparative Islamic perspectives in money, monetary policy, and social wellbeing. Journal of Economic Cooperation and Development, 39 (1). pp. 143-162. ISSN 1308-7800 http://www.sesric.org/pdf.php?file=ART18010302-2.pdf
institution Universiti Malaya
building UM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaya
content_source UM Research Repository
url_provider http://eprints.um.edu.my/
topic BP Islam. Bahaism. Theosophy, etc
HG Finance
spellingShingle BP Islam. Bahaism. Theosophy, etc
HG Finance
Choudhury, Masudul Alam
Comparative Islamic perspectives in money, monetary policy, and social wellbeing
description Moral and ethical context of money and monetary policy in the creation of a stable and real growth perspective of the economy and wellbeing criterion is formalized. This derivation and casting it into a generalized analytical model is premised on the cardinal Islamic ontological law of unity of knowledge. This spells out the essence of pervasive complementarities between the good things of life as the life-sustaining possibilities of maqasid as-shari’ah, the purpose and objective of shari’ah in term of its direct relationship with the ontological law of Tawhid, oneness of God spelled out in terms of the unity of knowledge and pervasive organic complementarities between the maqasid-goods. The paper thereby makes a distinct difference between the essential reference to Tawhid, thus shari’ah at-Tawhid. This primal conception and methodological worldview is distinctly contrary to the man-made vagaries of what is called ‘shari’ah compliance’. Against such background this paper undertakes a comparative study of the nature of money and monetary policy. This approach leads into the model of money, finance, and real economy model and its various ramifications. An analytical approach is adopted within the comparative perspectives of money and monetary policy for the Islamic case.
format Article
author Choudhury, Masudul Alam
author_facet Choudhury, Masudul Alam
author_sort Choudhury, Masudul Alam
title Comparative Islamic perspectives in money, monetary policy, and social wellbeing
title_short Comparative Islamic perspectives in money, monetary policy, and social wellbeing
title_full Comparative Islamic perspectives in money, monetary policy, and social wellbeing
title_fullStr Comparative Islamic perspectives in money, monetary policy, and social wellbeing
title_full_unstemmed Comparative Islamic perspectives in money, monetary policy, and social wellbeing
title_sort comparative islamic perspectives in money, monetary policy, and social wellbeing
publisher SESRIC
publishDate 2018
url http://eprints.um.edu.my/22196/
http://www.sesric.org/pdf.php?file=ART18010302-2.pdf
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