Historical Islamic Fiscal Solutions in Times of Crises and Its Contemporary Equivalences
Journal: İslam Ekonomisi Dergisi
Year: 2022

The COVID-19 crisis led to great pressure on the world governments’ fiscal budgets as governments scrambled to find new ways to finance and expand social protection and health programs. In order to provide for their populace, many Islamic countries had to pursue loans from international institutions. These loans have been observed to be followed by a phase of austerity that affects the access of the populace to health and education services. In this paper, the researchers seek to put forward a n