Editorial
This issue of the Journal contains four articles written by eminent experts and authors. Sarwar Md. Saifullah Khaled in his paper ‘An Inquiry into the Nature, Operation and Results of Global Capitalism’ tries to expose the exploitative nature of global capitalism. It advocates that Islamic economics has a built-in mechanism that enables the global financial system to perform on an orderly manner and avoid any system of catastrophic collapse. The paper argues that the current global financial crises would not have occurred if the Islamic principles of finance were implemented in international financial market. The paper also epitomizes the historical process by which the economic and political power that some people as well as countries of the world accomplish over others through brute means and concludes with some suggestions.
Prof. Dr. Abu Bakr Rafique in his paper “Some Guidelines of Zakatability of the wealth and the Persons Subject to Zakat, the Procedure for calculating Zakat” tries to discuss issues like zakat on exploited goods, shares, bonds and salary income and the policy regarding EPF and exemption of the portion of debt from zakatability. The paper concludes with a practical exercise on the calculation of zakat on various incomes.
M. Nurul Amin in his paper ‘Secular and Islamic concept of Good Governance and its State in Bangladesh’ tries to review the existing literature on good governance under the Secular concept with relevant examples narrated in the Holy Quran for deriving and comparing the two models of good governance. The paper tries to work out the meaning, characteristics, and dimensions of good governance and makes a contrast between bad and good governance. It also makes an attempt to analyse the existing state of governance in Bangladesh by utilizing the parametres of good governance.
Md. Nezum Uddin in his paper ‘Forecasting Inflation of Bangladesh Using VAR And VEC Models’ tries to examine the medium term forecasting of inflation rate for the Bangladesh economy. The paper attempts to measure and justify the overall stance of monetary policy considering variables like Broad Money, Real GDP and Nominal Exchange Rate etc.
Vol. 22, No. 04 ISSN 0256 8586 October-December 2012
Articles
SarwarMd. Saifullah KhaledAn Inquiry into the Nature, Operation
And Results of Global Capitalism
Prof. Dr. Abu Bakr RafiqueSome Guidelines on Zakatabilityof the
Wealth and the Persons Subject to Zakat, the
Procedure for Calculating Zakat
M. Nurul AminSecular and Islamic Concept of Good
Governance and its state in Bangladesh
Md. Nezum Uddin Forecasting Inflation of Bangladesh Using
VAR and VEC Modela
THOUGHTS ON ECONOMICS
Vol. 22, No. 04 ISSN 0256 8586 October-December 2012
SarwarMd. Saifullah Khaled07An Inquiry into the Nature, Operation
And Results of Global Capitalism
Prof. Dr. Abu Bakr Rafique33Some Guidelines on Zakatabilityof the
Wealth and the Persons Subject to Zakat, the Procedure for Calculating Zakat
M. Nurul Amin51Secular and Islamic Concept of Good
Governance and its state in Bangladesh
Md. Nezum Uddin79Forecasting Inflation of Bangladesh Using
VAR and VEC Modela
THOUGHTS ON ECONOMICS
Vol. 22, No. 04 ISSN 0256 8586 October.-December 2012
Dr. M. Umer Chapra
Dr. Anas Zarqa
Dr. Fahim Khan
Dr. Monzer Kahf
Dr. Dilwanaz Siddiqi
Prof. Rafiqul Islam Molla
Dr. M. Ataur Rahman
Chief Editor:Janab Shah Abdul Hannan
Editor: Janab M. Nurul Amin
Member:Professor Ayubur Rahman Bhuyan
Member:Prof. M. Kabir Hassan
Member:Janab Mohammad Nurul Islam
Member:Dr. S.M. Ali Akkas
Member:Prof. M. Muzahidul Islam
Member:Prof.Md. Sharif Hussain
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THOUGHTS ON ECONOMICS
A Quarterly Journal of Islamic Economics Research Bureau
Vol. 22, No. 04, October - December 2012
ISSN 0256 8586
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