Comparative Islamic Perspectives in Money, Monetary Policy, and Social Wellbeing

Moral and ethical context of money and monetary policy in the creation of a stable and real growth perspective of the economy and wellbeing criterion is formalized. This derivation and casting it into a generalized analytical model is premised on the cardinal Islamic ontological law of unity of knowledge. This spells out the essence of pervasive complementarities between the good things of life as the life-sustaining possibilities of maqasid as-shari’ah, the purpose and objective of shari’ah in term of its direct relationship with the ontological law of Tawhid, oneness of God spelled out in terms of the unity of knowledge and pervasive organic complementarities between the maqasid-goods. The paper thereby…