Public Finance and Islamic Capital Markets

Focusing on innovative financing methods, this book explores how non-debt-creating capital market instruments can support government budgets. It provides a comparative analysis with traditional finance, highlighting the role of Islamic capital market tools in fostering economic stability and growth. The authors, Rizvi, Bacha, and Mirakhor, chronologically examine the impacts of macroeconomic policies aimed at alleviating sovereign debt and enhancing government financing, ultimately guiding nations toward sustainable economic progress.