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Title: The Economic Functions of Government Expounded in Al-’Iqtiṣādu’l-’Islāmī of at-Turkī: A Lesson for Policy-Makers in Nigeria
Authors: Shaykh Ahmad Yahya
Journal: Pakistan Journal of Qur'anic Studies
Publisher: Islamia University, Bahawalpur
Country: Pakistan
Year: 2023
Volume: 2
Issue: 2
Language: English
Al-Iqtiṣādu’l-’Islāmī:’Ususun wamabādi’u wa ’ahdāf is one of the classical works written to unveil the system put in place by Islam to regulate the relationship of human beings with one another on the basis of Qur’ān and Sunnah. This paper, therefore, aims at studying one of the chapters of the work that focuses on the economic functions of Islamic government with a view to unfold the tools needed to turn round the economy of Nigeria and accentuate the necessity of formulating robust economic policies that are friendly to the down trodden masses as emphasised in the work. At-Turki, in this work, strived to proffer solution to the economic problems of the world including Nigeria by highlighting the roles anticipated from the progressive government aspiring to attain stable prices, full employment and economic growth. Through phenomenological method, the work observed that the Nigerian government aligned with some of the economic functions of the Islamic government despite the fact that it is a multi-religious nation but the bane experienced in the economy is not unconnected to its failure to key into the functions totally. The work recommends utilisation of the propositions of At-Turki since they are divinely guided and submitted that legalisation of the commodities that are diametrically opposed to the divine Book will recede economic growth.
To study a chapter of Al-'Iqtidu'l-'Islm focusing on the economic functions of Islamic government to identify tools for improving Nigeria's economy and emphasize the need for robust, pro-poor economic policies.
Phenomenological method, analyzing the work Al-'Iqtidu'l-'Islm by At-Turk, drawing parallels with conventional economic functions of government and applying the findings to the Nigerian context.
graph TD;
A["Analyze Al-'Iqtidu'l-'Islm by At-Turk"] --> B["Identify Economic Functions of Islamic Government"];
B --> C["Compare with Conventional Economic Functions"];
C --> D["Derive Lessons for Nigerian Policymakers"];
D --> E["Assess Nigerian Economic Policies"];
E --> F["Formulate Recommendations"];
The paper discusses the concepts of government and governance, highlighting their roles and the characteristics of good governance. It then delves into the economic functions of government as expounded by At-Turk in Al-'Iqtidu'l-'Islm, contrasting them with conventional economic functions. The discussion emphasizes the importance of policy formulation, planning, and permissible government interventions in the economy, such as proscribing forbidden commodities and controlling prices. It also addresses illegal areas of government intervention. The paper then derives lessons for Nigerian policymakers, pointing out deficiencies in planning, resource management, and the legalization of detrimental commodities.
The Nigerian government has adopted some Islamic economic policies but fails to fully implement them, contributing to economic challenges. The propositions of At-Turk, being divinely guided, are recommended for utilization. Legalizing commodities contrary to divine texts hinders economic growth.
The study concludes that the economic functions of Islamic government, as outlined by At-Turk, offer valuable lessons for Nigerian policymakers. It reiterates the necessity of formulating robust economic policies, proper planning, and avoiding the legalization of practices contrary to divine principles to foster economic growth and improve the standard of living.
* Nigeria's unemployment rate: Reported to have plunged to 5.3% in 2022 from 33.3% in 2020 based on the new Nigeria Labour Force Survey (NLFS).
* Supplementary Budget for National Assembly: N70 billion approved to support new lawmakers.
* Palliatives for fuel subsidy removal: N500 billion approved for over 200 million Nigerians.
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