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Outline

An Islamic Perspective on Governance

2020, International Journal of Shari'ah and Corporate Governance Research

Abstract

 BOOK REVIEW AN ISLAMIC PERSPECTIVE ON GOVERNANCE, By Zafar Iqbal and Mervyn K. Lewis, Cheltenham (UK) and Northampton, MA(USA): Edward Elgar Publishing Limited, 2009, Pp. xvi + 368. ISBN 978 1 84720 138 6  

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What alternative governance model do the authors propose based on Islamic principles?add

The authors propose an Islamic model of governance that emphasizes justice, accountability, and public finance, integrating taxation with individual responsibility and Zakah contributions to public projects. This model contrasts with conventional governance structures, relying on religious values as foundational principles.

How does Islamic economic methodology differ from secular approaches?add

Islamic economic methodology incorporates religious beliefs and ethical frameworks, with revelation shaping economic inquiry, contrasting with secular models that prioritize rational and progressive thinking. The authors argue that this difference critically impacts governance outcomes in Islamic societies.

What is the role of Zakah in Islamic public finance according to the authors?add

Zakah serves as a tool for resource redistribution and funding public projects while promoting social solidarity, with the authors suggesting individual discretion in determining contributions. They argue for a model that combines direct assessments with Zakah obligations to enhance public finance management.

How do the authors address the issue of corruption in Islamic governance?add

The authors identify corruption as a moral issue requiring a commitment to social justice, advocating for individual moral renovation and enhanced law enforcement. They emphasize that true reform in governance is rooted in restoring Islamic values and ethical practices.

What are the limitations of Islamic economics highlighted in the book?add

The authors critique Islamic economics for failing to progress beyond early institutional structures and relying heavily on traditional interpretations, thereby limiting its modern applicability. This gap highlights challenges in developing effective governance frameworks that address contemporary economic realities.