Islamic economics and inclusive development

Zamir Iqbal and Bushra Shafiq

International Journal of Pluralism and Economics Education, 2015, vol. 6, issue 4, 355-370

Abstract: In recent times the reorientation of sustainable economic development has led to increased calls for inclusive growth and 'shared prosperity'. Conventional economics is often criticised for its failure to address the increasing gap in income and wealth disparity, along with its myopic focus on GDP while ignoring the wellbeing and welfare of individuals and society at large, the instability of economic and financial systems, financial and social exclusion, and environment degradation. The objective of this paper is to improve understanding of Islamic economics and finance on economic development, social and economic justice, human welfare, and economic growth. This paper concludes with policy recommendations to implement principles of Islamic economics to achieve sustainable and inclusive development.

Keywords: inclusive growth; shared prosperity; risk sharing contracts; Islamic economics; Islamic finance; economic development; social justice; economic justice; human welfare; economic growth. (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=75861 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijplur:v:6:y:2015:i:4:p:355-370

Access Statistics for this article

More articles in International Journal of Pluralism and Economics Education from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().