The informal economy: A neglected area in Islamic economics

The informal economy has been neglected by Islamic economists. The neglect means the Islamic economic system being rebuilt is confined only to state and market domains. That existing paradigm is myopic. To understand and solve the real-world economic problems, we need to recalibrate and also focus o...

Full description

Bibliographic Details
Main Authors:	Abdul Maleka, Nazurah, Mohd Arshad, Mohd Nahar
Format:	Article
Language:	English
Published:	Kulliyyah of Economics and Management Sciences, International Islamic University Malaysia 2017
Subjects:	H Social Sciences (General) HB Economic Theory
Online Access:	http://irep.iium.edu.my/58269/ http://irep.iium.edu.my/58269/ http://irep.iium.edu.my/58269/1/452-1-1338-1-10-20170831%20%281%29.pdf

id	iium-58269
recordtype	eprints
spelling	iium-582692018-01-12T07:18:53Z http://irep.iium.edu.my/58269/ The informal economy: A neglected area in Islamic economics Abdul Maleka, Nazurah Mohd Arshad, Mohd Nahar H Social Sciences (General) HB Economic Theory The informal economy has been neglected by Islamic economists. The neglect means the Islamic economic system being rebuilt is confined only to state and market domains. That existing paradigm is myopic. To understand and solve the real-world economic problems, we need to recalibrate and also focus on the informal economy. The purpose of this study, therefore, is to review the conception of the informal economy. With a better understanding of the concept, we hope that rebuilding of Islamic economics can become more holistic in approach. The informal economy is unique according to countries. The economic, political and cultural aspects have a strong influence on the dimensions of the informal economy. Based on the extant literature we also have identified the determinants of informal employment. The evaluation of the factors identified in this study reveals that government policies and efficiency, poverty issues, gender inequality, education and religiosity are the determinants of the informal sector employment. We then call for future research in Islamic economics to be geared toward understanding and addressing issues in the informal economy. Kulliyyah of Economics and Management Sciences, International Islamic University Malaysia 2017 Article PeerReviewed application/pdf en http://irep.iium.edu.my/58269/1/452-1-1338-1-10-20170831%20%281%29.pdf Abdul Maleka, Nazurah and Mohd Arshad, Mohd Nahar (2017) The informal economy: A neglected area in Islamic economics. International Journal of Economics, Management and Accounting, 25 (2 (Special Issue)). pp. 285-314. ISSN 2462-1420 http://journals.iium.edu.my/enmjournal/index.php/enmj/article/view/452
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	H Social Sciences (General) HB Economic Theory
spellingShingle	H Social Sciences (General) HB Economic Theory Abdul Maleka, Nazurah Mohd Arshad, Mohd Nahar The informal economy: A neglected area in Islamic economics
description	The informal economy has been neglected by Islamic economists. The neglect means the Islamic economic system being rebuilt is confined only to state and market domains. That existing paradigm is myopic. To understand and solve the real-world economic problems, we need to recalibrate and also focus on the informal economy. The purpose of this study, therefore, is to review the conception of the informal economy. With a better understanding of the concept, we hope that rebuilding of Islamic economics can become more holistic in approach. The informal economy is unique according to countries. The economic, political and cultural aspects have a strong influence on the dimensions of the informal economy. Based on the extant literature we also have identified the determinants of informal employment. The evaluation of the factors identified in this study reveals that government policies and efficiency, poverty issues, gender inequality, education and religiosity are the determinants of the informal sector employment. We then call for future research in Islamic economics to be geared toward understanding and addressing issues in the informal economy.
format	Article
author	Abdul Maleka, Nazurah Mohd Arshad, Mohd Nahar
author_facet	Abdul Maleka, Nazurah Mohd Arshad, Mohd Nahar
author_sort	Abdul Maleka, Nazurah
title	The informal economy: A neglected area in Islamic economics
title_short	The informal economy: A neglected area in Islamic economics
title_full	The informal economy: A neglected area in Islamic economics
title_fullStr	The informal economy: A neglected area in Islamic economics
title_full_unstemmed	The informal economy: A neglected area in Islamic economics
title_sort	informal economy: a neglected area in islamic economics
publisher	Kulliyyah of Economics and Management Sciences, International Islamic University Malaysia
publishDate	2017
url	http://irep.iium.edu.my/58269/ http://irep.iium.edu.my/58269/ http://irep.iium.edu.my/58269/1/452-1-1338-1-10-20170831%20%281%29.pdf
first_indexed	2023-09-18T21:22:22Z
last_indexed	2023-09-18T21:22:22Z
_version_	1777411967057657856

The informal economy: A neglected area in Islamic economics

Similar Items