This paper attempts to show how ethical piety can lead to endogenous growth through mathematical modelling.
Fiscal and Monetary Policy in Islamic Financial Framework
If the government wishes to align the government finances in a way that converges with IFI principles, the government may need to work to eliminate conventional debt and adopt raising funds using productive investments only.
Achieving Market-Led Growth in Islamic Economic Framework
Islmic economic framework does not argue for a state-led or state-run economy. In fact, Islamic economic principles are very much open and favorable towards market based economy. By enabling market economy to run competitively, an Islamic economy provides market based solutions to employment creation and improvement in living standards through effective and efficient utilization of resources.