The Informal Economy and Islamic Finance

The Case of Organisation of Islamic Cooperation Countries
1. Auflage 2024
ISBN: 978-1-032-36034-8
Verlag: Routledge

Buch, Englisch, 152 Seiten, Format (B × H): 156 mm x 234 mm, Gewicht: 245 g

Reihe: Islamic Business and Finance Series

The characteristics, nature, determinants, and size of the informal economy differ from country to country. While much research has been carried out in the context of advanced economies, less attention has been given to developing countries, especially those in the Organisation of Islamic Cooperation (OIC) nations.

This is one of the first books to investigate Islamic finance’s stance on the informal economy and to discuss it from an OIC perspective. It covers the various definitions, historical development, types, and determining factors behind the shadow economy and the reasons for people’s preference to join and stay in the informal economy. Similarly, different theories are discussed in detail, thus providing a deeper understanding of the subject matter.

The book examines the indicators of the informal sector, such as unemployment, regulation, and taxation, and the effect of financial development and the role of financial inclusion in informal economy in the case of OIC countries compared to non-OIC countries. It defines the main features of the informal economy and discusses their implications for policy formation and implementation. Additionally, the author provides guidance on Islamic finance’s role in the informal economy and offers policy recommendations in order to bring more people into the formal economy.

The book presents deep and specialist knowledge on the shadow economy as well as facts and figures pertaining to OIC countries, and, as such, will open the door for future research in this important but understudied field, especially from an Islamic finance angle. It can be used as a comprehensive guide for students, academics, and researchers of Islamic studies, development economics, political economy, public policy, law, sociology, and anthropology.

Zielgruppe

Academic and Postgraduate

Autoren/Hrsg.

Khan, Shabeer

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Arbeitsmarkt
• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Entwicklungsökonomie & Emerging Markets
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Finanzsektor & Finanzdienstleistungen: Allgemeines

Inhaltsverzeichnis

1. Overview of the Shadow Economy 2. Shadow Economy and Islamic Finance 3. Main Casual Factors of Shadow Economy 4. Empirical Scholarship on Shadow Economy 5. Theories of Shadow Economy 6. The Model and Empirical Investigation of Shadow Economy 7. Results and Discussion 8. Inferences and Policy Implications

Über Autor(innen)

Shabeer Khan, PhD, is an assistant professor in the Department of Islamic Economics and Finance at Sakarya University, Turkey. He is a Shariah board member of the Tayyib Advisory UAE and Shariah consultant to KalPay Financial Services, Pakistan, and Muawin, Pakistan. Moreover, he is also a trainer and consultant with ifintel, Malaysia.