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A Study in the Doctrines of Islam and Their Implications for Poverty, Employment, and Economic Growth
By Irfan Ul Haq. Herndon
Introduction:
Dr. Haq's book belongs to the same group of issue-oriented studies in Islamic economics that Umar Chapra's 1 books do. However, unlike Chapra, who first provides a critical evaluation of the failed modern economic systems and then establishes the supremacy of Islam's economic development strategy, Irfan Ul Haq starts out with a comprehensive expository analysis of Islamic economic doctrines. He then relies on extensive personal interpretation to derive and then justify various policy prescriptions for the promotion of economic growth in an Islamic economy.
The book contains four parts, which are divided into fourteen chapters. The first five chapters in the first two parts discuss Islamic methodology and Islam's social and political order. The book's major theme is included in the third and fourth parts where the author discusses most of the economic issues and policies. Since the controversial policy-oriented economic subjects are covered in these parts, I will concentrate on the evaluation of these major economic subjects. These subjects include the proper role of the public sector, fard al-kifayah and its implications, interest
free financing, land ownership and tenure, taxation, poverty, employment, and the policies to provide economic essentials.
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