A Study of Economic Federalism from the Perspective of Islamic Economy with Emphasis on the Early Experiences of Islam
Abstract
Economic federalism, one of the executive mechanisms to achieve distributional justice or social justice, that is significant in Islam, has not been included in the literature of Islamic economics as it should be. Therefore, the question is: Is the federalization of the economy compatible with Islam? This research, carried out by the analytical-descriptive method and using Islamic texts and experiences of early Islamic governments, tries to find a correct answer. The research results indicate that economic federalism achieves the goals of the Islamic economy better due to its effective function in expanding social justice, balanced development, and progress of different regions of a country. Therefore, economic federalism is not only incompatible with the Islamic economy, which is based on its principles such as "targeted intervention of the government in the economy", "distributive justice" and "public participation", and the two principles of "public welfare" and "regional justice" in the form of economic federalism is better observed.
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DOI: http://dx.doi.org/10.18415/ijmmu.v11i6.5930
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