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PUBLIC FINANCE (ISLAMIC GOVERNMENT REVENUES (KHARAJ, TAXATION, JIZYAH,…
PUBLIC FINANCE
ISLAMIC GOVERNMENT REVENUES
KHARAJ
TAXATION
JIZYAH
WAQAF
AL-FAI
SADAQAH
ZAKAT
USHUR
ISLAMIC GOVERNMENT EXPENDITURES
EXPENDITURES NECESSARY IN THE LIGHT OF THE SHARI'AH
EXPENDITURES NECESSITATED BY TASKS ASSIGNED TO THE STATE BY THE PEOPLE
EXPENDITURES ON TASKS ORDAINED BY THE SHARI'AH
FISCAL POLICY
TYPES OF FISCAL POLICY
CONTRACTIONARY FISCAL POLICY
Policy that is used as a macroeconomic instrument by the country's central bank or finance ministry to slow down the economy
EXPANSIONARY FISCAL POLICY
Implemented when there is a deflationary or recessionary gap
ROLES OF FISCAL POLICY
IMPLEMENTED TO COUNTER EFFECTS OF BOOMS AND SLUMPS AND MAINTAIN ECONOMIC STABILITY
PREVENT ECONOMY EXPERIENCING A PROLONGED RECESSION
RAISE THE GENERAL LEVEL OF REAL INCOME AND AGGREGATE DEMAND
CURB INFLATION
SMOOTHEN THE FLUCTUATIONS IN THE ECONOMY ASSOCIATED WITH THE BUSINESS CYCLE