Tag: Islamic Fiscal Policy

Outline of an Islamic Fiscal Policy

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Regarding taxation, Islam has laid out clear guidelines: not only is excessive taxation sinful, but even when collecting taxes even from non-Muslims, there should be no element of hardship. For example, Urwah ibn Zubayr narrated that Hisham ibn Hakeem (RA) once saw a tax collector in Homs mistreating some Christian Copts by making them stand under the sun while collecting Jizya. He objected, citing the Prophet Muhammad (PBUH) who said: “Allah will punish those who torment people in this world” (Sunan Abi Dawood 3045).

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Moral Reflections on Economics, Vol 5, Issue 7

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July 2025 issue (Vol 5, Issue 7) of Moral Reflections on Economics features

– “Islamic Banking Beyond Shariah Compliance ” by Dr. Abidullah, Asst. Prof. Sakarya University
– “Outline of Islamic Fiscal Policy” by Dr. Syed Ahmed Ali, Asst. Prof. AERC, KU
– Note on Remembering Prof. Zubair Hasan
– Highlights of HDI Report by Muhammad Hammad
– Book review of “Economic Development in Islamic Framework” by Prof. Khurshid Ahmad
– Research paper in focus on ESG Practices and Bank Performance by Dr. Faaza Fakhrunnas, Prof. Turalay Kenc, Dr. Zhang Hengchao,
– Reflections on Socio-Cultural Importance of Hajj
– Regular sections of market news, economic and financial indicators and call for papers.

Download at https://www.islamiceconomicsproject.com/periodicals

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IEP Forum on FSC Verdict on Riba: Experts View – Mufti Dr. Irshad Ahmed Aijaz

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Mufti Irshad Ahmed Aijaz

Islamic Economics Project is making a humble effort to collect the views of Shari’ah scholars, regulators, practitioners, lawyers and academic experts to deliberate on the future course of action and generate ideas and debate on how to make this transformation possible. In this regard, we got the chance to get reaction and response from Mufti Dr. Irshad Ahmed Aijaz. We hope that the views expressed and shared with relevant audience and stakeholders will generate practicable ideas and keep the momentum towards achieving the end goal of an economy that is in compliance with Shari’ah and is able to utilize the instruments and institutions in the Islamic economic teachings.

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