Inclusive Welfare: On The Role of Islamic Public-Social Finance and Monetary Economics

Solikin Juhro, Ferry Syarifuddin and Ali Sakti

MPRA Paper from University Library of Munich, Germany

Abstract: The concept of inclusive economic development has gained traction among researchers due to the failure of old concepts to solve poverty and social inequality. Shifting of the economic development is needed, from the focus on good and service value to increasing economic participation of communities. To shed a light on the solution, this study aim to examine the lesson learned from Islamic social-public finance and monetary economics role in realizing inclusive welfare. Based on in-depth observation, we found that economic inclusion and inclusive growth are fully in line with the spirit and goals of the Islamic economy in terms of creating equitable welfare for all. There is also an existing linkage between the role of Islamic social-public finance and monetary economics.

Keywords: Islamic economy; Public and social finance; Monetary economics; Economic development; Inclusive welfare (search for similar items in EconPapers)
JEL-codes: D63 E50 H50 O10 (search for similar items in EconPapers)
Date: 2022-03-01
New Economics Papers: this item is included in nep-fle, nep-hme and nep-isf
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