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The Role of the Government in an Islamic Economy
by Shah Abdul Hannan
Series Editor Dr. Salahuddin Ahmad

Islamic Economics Research Bureau
60/E, Puranapaltan, Dhaka-1000
Bangladesh
E-mail: ierb@bdcom.com


EDITORIAL
While Islam focuses on individual freedom, the government's role in the economic life has increasingly come under discussion. These discussions have become ever more important in this era of Perestroika, when market is replacing more and more state control. While Islam recognizes the role of markets; freedom of individuals it also recognizes the possible adverse impact of the totally unregulated market on the various sections of the society particularly the poor and the disadvantaged Islamic Economics literature emphasizes four types of action by government in the economic life. These are :

Ensuring compliance with the Islamic code of conduct by individuals through education and whenever necessary, through coercion;

Maintenance of healthy conditions in the market to ensure its proper functioning;

Modification of the allocation of resources and distribution of income affected by the market mechanism by guiding & regulating it as well as direct intervention and participation in the process;

Taking positive steps in the field of production and capital formation to accelerate growth.
We feel that the role of government is an important issue which deserves considerable research. The present Research Monograph is a contribution in this direction. Brother Shah Abdul Hannan - a Fellow of the Islamic Economics Research Bureau, has done considerable research into Shariah literature. As a result of this research, he is able to shed new light on the justification of the role of government in the Islamic economy and its possible functions.

We are proud to present such an excellent piece of work to the academician, policy makers and general readers. I am confident this Research Monograph will arouse enough interest not only at home but also abroad and will be able to provoke newer thinking and research.

Dr. Salahuddin Ahmad
Editor

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