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Shari’ah Board, The Task of Fatwa, and Ijtihad in Islamic Economics, and Finance [PDF]

open access: yes
The rulings of Mua‟malat in today‟s Islamic Economics, and Finance can be adapted through the process of Ijtihad. While the basic principles or doctrines of the Mua‟malat are given in Shari‟ah, the interpretation of these principles to suit circumstances
Alsayyed, Nidal
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Sources of Public Finance in an Islamic Economy [PDF]

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Since interest is prohibited in Islam, the government in an Islamic economy cannot issue interest based T-Bills, T-Bonds and/or obtain interest based sovereign debt. Based on the literature review, it is argued that neither Prophet Muhammad (P.B.U.H) nor
Shaikh, Salman Ahmed
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