Evolving a Model in Islamic Economy: Industrial Development
Economic growth in the Islamic economy depends on the demand and manufacturers competitive capability to compete. The factors such as vicissitude of changes in production volumes, labor productivity, employment, export and import volumes affect the competitiveness of the organization’s position...
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my.iium.irep.700272019-01-23T07:51:21Z http://irep.iium.edu.my/70027/ Evolving a Model in Islamic Economy: Industrial Development Said, Mohamed Mohamed Tolba Umachandran, Krishnan HB126.4 Islamic Economics Economic growth in the Islamic economy depends on the demand and manufacturers competitive capability to compete. The factors such as vicissitude of changes in production volumes, labor productivity, employment, export and import volumes affect the competitiveness of the organization’s position in the Islamic economy. Capital and technological reserves are obligatory to balance the enormous productivity fissure between developing and developed countries symbolizing the world economy. Need to exports is required as a nourishment to fill the productivity gap. The structure of economic openness depends on the level of free-trade, therefore advancement should entail an identical momentum of long-term investment to the absorption of substantial segments of all business activities. Hence this paper drives a weave to connect various aspects of management resources. The enlargement of international commerce requires a critical flexibility in the setting of tariff rates by developing countries and a steady rise in the sum of customers that can participate in business with decreasing debt-line. To a developing country, the benefits when it opens its borders to foreign capital, improves FDIs and leads in generation of positive employment impacting both job creation for suppliers, retailers and tertiary employment effecting additional generation of incomes aggregating on the demand. Islamic economization aids economic growth and therefore poverty reduction, hence the ecosystem should encompass complementary economic factors and policies. 2018-12 Article PeerReviewed application/pdf en http://irep.iium.edu.my/70027/1/IJM_COMPILATION_2018_eissn.pdf Said, Mohamed Mohamed Tolba and Umachandran, Krishnan (2018) Evolving a Model in Islamic Economy: Industrial Development. International Journal of Muamalat, 2 (Issue. 1). pp. 6-10. ISSN 2590-4337 |
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HB126.4 Islamic Economics Said, Mohamed Mohamed Tolba Umachandran, Krishnan Evolving a Model in Islamic Economy: Industrial Development |
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Economic growth in the Islamic economy depends
on the demand and manufacturers competitive capability to
compete. The factors such as vicissitude of changes in production
volumes, labor productivity, employment, export and import
volumes affect the competitiveness of the organization’s position
in the Islamic economy. Capital and technological reserves are
obligatory to balance the enormous productivity fissure between
developing and developed countries symbolizing the world
economy. Need to exports is required as a nourishment to fill the
productivity gap. The structure of economic openness depends on
the level of free-trade, therefore advancement should entail an
identical momentum of long-term investment to the absorption of
substantial segments of all business activities. Hence this paper
drives a weave to connect various aspects of management
resources. The enlargement of international commerce requires a
critical flexibility in the setting of tariff rates by developing
countries and a steady rise in the sum of customers that can
participate in business with decreasing debt-line. To a
developing country, the benefits when it opens its borders to
foreign capital, improves FDIs and leads in generation of positive
employment impacting both job creation for suppliers, retailers
and tertiary employment effecting additional generation of
incomes aggregating on the demand. Islamic economization aids
economic growth and therefore poverty reduction, hence the
ecosystem should encompass complementary economic factors
and policies. |
format |
Article |
author |
Said, Mohamed Mohamed Tolba Umachandran, Krishnan |
author_facet |
Said, Mohamed Mohamed Tolba Umachandran, Krishnan |
author_sort |
Said, Mohamed Mohamed Tolba |
title |
Evolving a Model in Islamic Economy:
Industrial Development |
title_short |
Evolving a Model in Islamic Economy:
Industrial Development |
title_full |
Evolving a Model in Islamic Economy:
Industrial Development |
title_fullStr |
Evolving a Model in Islamic Economy:
Industrial Development |
title_full_unstemmed |
Evolving a Model in Islamic Economy:
Industrial Development |
title_sort |
evolving a model in islamic economy:
industrial development |
publishDate |
2018 |
url |
http://irep.iium.edu.my/70027/1/IJM_COMPILATION_2018_eissn.pdf http://irep.iium.edu.my/70027/ |
_version_ |
1643618934977462272 |
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13.18916 |