Al-Shari`a and monetary policy: practices and results (B.A. Thesis)

Following a brief introduction, this thesis discusses the legal principles on which Islamic finance is based. There are discrepancies between an idealized Islamic economy and the monetary polcies which are able to be implemented in reality. Case studies for Iran, United Kingdom and Malaysia are examined with regards to monetary policy. The effects of implementing a shari`a compliant monetary policy are also evaluated. Charts provided include data such as growth and inflation rates for a range of countries.