JKAU: Islamic Econ., Vol. 32 No. 1, 201 Pages (January 2019)

DOI:10.4197/Islec.32-1

Contents

International Advisory Board and Editorial Board

KAUJIE Transcription Table

Glossary

Articles

Reforming Islamic Finance for Achieving Sustainable Development Goals

Tariqullah Khan ................................................................................................................................................................................. 3

Shariah Screening Process of Capital Markets: An Evaluation of Methodologies

Muhammad Hanif ............................................................................................................................................................................ 23

Construction of Islamic Human Development Index

Ali Rama and Burhanuddīn Yusuf .................................................................................................................................................. 43

Discussion Forum

Deficit Financing’ or ‘Deficit-Reduction Financing?’ Debates in Contemporary Economics: Origins, Confusions and Clarity

Ann Pettifor ....................................................................................................................................................................................... 67

Contributors

Fiscal Policy and Deficit Financing: Islamic Perspectives

Habib Ahmed ............................................................................................................................................ 79

Deficit Financing in Contemporary Economies: Effects and Implications

Mahfuzul Haque ........................................................................................................................................ 87

Limitless Deficit Financing for Economic Prosperity: Where They Got Keynes’s Deficit Spending Wrong?

Sajid Amin Javed ....................................................................................................................................... 97

Sustainable Level Debt, Expansionary Austerity, and Fiscal Consolidation Theories: A Critical Analysis

Muhamed Zulkhibri .................................................................................................................................. 111

Sukuk: A Shariah Compliant Tool for Financing Budget Deficits

Omar Zuhair Hafiz ................................................................................................................................... 119

Young Researcher Section

Guarantees in Sukuk between Shariah Objectives and Contract Conditions

Ali bin Hussein Aidi and Muhammad Salama ............................................................................................................................. 127

Appraisal of Economic Benefits of Sukuk in Financing Budget Deficits in Nigeria

Abubakar Jamilu Baita and Daud Mustafa .................................................................................................................................. 145

Estimating the Income Distribution of Some Muslim Countries Based on Entropy Measures

Omar Abdul Rahman Kittaneh ...................................................................................................................................................... 159

Book Review and Reports

Yasushi Suzuki and Mohammad Dulal Miah (Editors): Dilemmas and Challenges in Islamic Finance-

Looking at Equity and Microfinance

Reviewed By: Tariq Aziz ................................................................................................................................................................ 173

Book Reports .................................................................................................................................................................................. 197

Guidelines for Contributors .................................................................................................................................................... 203

Cumulative Index for Last Five Years ............................................................................................................................. 209


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3/26/2019 3:49:19 PM