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Islamic Views on Fiscal Policy & Debt by Khurram Shehzad is a document available to read on EtoBox.

What is Islamic Views on Fiscal Policy & Debt about?

The document discusses the Islamic perspective on fiscal policy and deficit financing, emphasizing the distinction between current and capital expenditures. It argues that current spending should be funded through zakāh and taxes, while capital expenditures can be financed by issuing ṣukūk, especially during economic downturns. The approach aims to limit excessive debt by linking funds raised to the real economy and enhancing productive capacity through infrastructure investments.

Author

Khurram Shehzad

Language

EN