By Zafar Iqbal, Mervyn K. Lewis
Zafar Iqbal and Mervyn ok. Lewis fill the space in Western literature on governance concerns from the point of view of Islamic economics. Islamic and Western viewpoints are in comparison, and a scientific research of key parts in governance from an Islamic viewpoint is equipped. the amount attracts on classical Islam and modern resources to supply a accomplished Islamic governance framework to distinction with the Western place.
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Additional resources for An Islamic Perspective on Governance (New Horizons in Money and Finance)
But there is one thing that cannot be doubted: doubt itself. This is the kernel of truth expressed in the phrase, Cognito, ergo sum (‘I think, therefore I am’). What is important in this doctrine is the method of critical doubt. Cartesian philosophy, by emphasizing thoughts as the indubitable starting points, has influenced European philosophy ever since, both in the rationalist and the empirical camp. Rationalism sees knowledge as metaphysical, existing independently of the physical reality, and discoverable through the use of reason.
It also presents an Islamic approach to these issues and compares and contrasts it with the standard approach against the backdrop of third-party qualitative survey ratings of corruption and governance around the globe. Finally, Chapter 10 sums up the conclusions reached and outlines a reform agenda for governance and fiscal management for Muslim countries. NOTES 1. Regulation of the Australian stock market, for example, is shared. The privately listed Australian Stock Exchange supervises stockbrokers and disclosure requirements, while the government body Australian Securities and Investments Commission licenses participants and is responsible for legal enforcement.
If it is compatible with them, it is accepted; if it is not, then an alternative should be proposed. It is in this vein that this study compares the Western and Islamic perspectives on justice and social organization, taxation, government borrowing, and accountability, governance and corruption. Together these topics are widely recognized as having a significant bearing not only on the overall level of a society’s achievements but also on how the fruits of such endeavours are distributed across its members.
An Islamic Perspective on Governance (New Horizons in Money and Finance) by Zafar Iqbal, Mervyn K. Lewis