The islamic framework within which this study examines the role of fiscal policy in controlling inflation is defined, in the first instance, by the goals of an islamic economy it is need fulfillment, justice and equity.
Islamic banking’s role in controlling inflation on may 29, 2018 march 28, 2018 by admin inflation has become a fact of life in nearly all countries, but it is a very serious problem in the developing countries. Role of fiscal policy in controlling inflation in islamic framework a focus on inflation presumes inflation is high the situation in the developed countries has, however, changed recently, provoking some to proclaim the death of inflation the situation in the developing countries remains worrisome but, excepting a few countries, no longer alarming.
Islamic banking’s role in controlling inflation abstract inflation has become a fact of life in nearly all countries, but it is a very serious problem in the developing countries as far as commercial banking is concerned, it erodes the value of the depositor’s savings as well as that of the bank’s loans.
Inflation can have a very damaging effect on economies over the long term despite the growing interest and the rapid growth of the islamic banking and finance industry, analysis of islamic banking at cross-country level is still at its infancy (sufian & noor, 2009.