A framework of indirect taxation system in public finance from Syariah perspectives
The subject matter of public finance follows the development in state activities and corresponding economic philosophy. With the passage of time and policies of state, the scope of public finance expanded to cover more areas. The development of new political, economic, social, formulation of fisc...
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| Main Authors: | , , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2019
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| Subjects: | |
| Online Access: | http://repo.uum.edu.my/26645/1/ZAWED%202019%20104%20114.pdf http://repo.uum.edu.my/26645/ |
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| Summary: | The subject matter of public finance follows the development in state activities and
corresponding economic philosophy. With the passage of time and policies of state, the scope
of public finance expanded to cover more areas. The development of new political, economic,
social, formulation of fiscal and monetary policies made profound differences in the present
as compared to the past public finance problems. The fiscal system practiced by Muslim state
in the past was consistent, operational, efficient and worked within the value of an Islamic
society perspectives. The scholars of the period expressed practical wisdom and economic
insight to bear on fiscal issues as evidenced by contribution of among others by Abu Yusuf
Yaqub bin Ibrahim (d. 798 A.D.) which showed enormous economic insights in solving these
problems and highlighted the distinctive value-based orientation of the mobilization of the
resources of revenue and its disbursement in accordance with the objectives of Islamic
Syariah. This article explores the model and wisdom of indirect tax practices as being
implemented by past Islamic leaders in fulfilling their obligations towards managing the
nation while protecting the people’s wellbeing. |
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