This book explores contemporary empirical issues in Islamic economics.
It begins by outlining current trends in Islamic economics and before
identifying gaps in the empirical research. It then goes on to discuss
the role of institutions in economic growth for Islamic countries, and
the fiscal aspects of Islamic economics. It explores issues in debt and
growth, as well as the instruments of monetary management in Islamic
economics. It analyses the trade-off between growth and stability and
concludes with discussion of Zakat and Waqf in driving growth.