Public Finance from an Islamic Perspective is a comprehensive textbook that methodologically merges the fundamental and provides a foundational overview of public finance by addressing key questions students may have about why and how governments intervene in the economy. It explores the rationale behind taxation, public spending, and debt management, particularly in the context of Malaysia’s fiscal framework. The discussion also addresses real-world challenges, including market failures, and how government actions aim to correct them. Importantly, the chapter introduces the Islamic view on public finance, focusing on the concept of maslahah (public interest) to guide state intervention in promoting social justice and moral governance. This integrative perspective helps students connect theoretical concepts with practical policy concerns in both conventional and Islamic systems.
Public Finance from an Islamic Perspective is a comprehensive textbook that methodologically merges the fundamental and provides a foundational overview of public finance by addressing key questions students may have about why and how governments intervene in the economy. It explores the rational...