Informal Economy and Islamic Finance - The Case of Organisation of Islamic Cooperation Countries

Investigates Islamic finance's stance on the informal economy and discusses it from an OIC (Organization of Islamic Cooperation) perspective. 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.

List of contents

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

About the author

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.

Summary

Investigates Islamic finance’s stance on the informal economy and discusses it from an OIC (Organization of Islamic Cooperation) perspective. 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.

Product details

• Authors: Shabeer Khan
• Publisher: Taylor & Francis Ltd.
• Languages: English
• Product format: Hardback
• Released: 16.12.2022
• EAN: 9781032360324
• ISBN: 978-1-0-3236032-4
• No. of pages: 140
• Series: Islamic Business and Finance Series
• Subjects: Natural sciences, medicine, IT, technology > Geosciences > Geography; Non-fiction book > Politics, society, business > Politics; Social sciences, law, business > Social sciences (general); BUSINESS & ECONOMICS / Economics / General, Society & culture: general, BUSINESS & ECONOMICS / Economics / Comparative, BUSINESS & ECONOMICS / Development / Economic Development, Middle East, BUSINESS & ECONOMICS / Islamic Banking & Finance, Labour / income economics, Labour Economics, Political Economy, Finance & accounting, Sociology: work & labour, Society and culture: general, Development economics & emerging economies, Development economics and emerging economies, Sociology: work and labour, BUSINESS & ECONOMICS / Labor / General, Finance and accounting