Monetary policy refers to a set of measures and decisions that the policymaker takes in order to achieve economic goals to control and regulate the volume or supply of money and credit. The type of policy and monetary policy tool used by the Islamic State should be in the direction of orienting society towards a balance of living, income and wealth. It must also refrain from any policy, including monetary policy, which leads to a huge gap in living standards, income and wealth. This article deals with the theoretical analysis of the use of monetary instruments in interest-free banking on income distribution. The hypothesis of the article is that monetary policy appropriate to the Islamic economy with proper implementation and given the nature of endogenousity; It can improve distributive justice in society as a whole and move it towards equilibrium through variables such as investment, employment, inflation, GDP growth and demand of the economy as a whole.
farahanifard, S., & moktarband, M. (2021). Theoretical study of the impact of monetary policy tools on income distribution from the perspective of Islamic economics. Islamic Economics, 20(80), 51-80.
MLA
saeed farahanifard; mahmoud moktarband. "Theoretical study of the impact of monetary policy tools on income distribution from the perspective of Islamic economics". Islamic Economics, 20, 80, 2021, 51-80.
HARVARD
farahanifard, S., moktarband, M. (2021). 'Theoretical study of the impact of monetary policy tools on income distribution from the perspective of Islamic economics', Islamic Economics, 20(80), pp. 51-80.
VANCOUVER
farahanifard, S., moktarband, M. Theoretical study of the impact of monetary policy tools on income distribution from the perspective of Islamic economics. Islamic Economics, 2021; 20(80): 51-80.