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Keywords: Industrial belt
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Journal Articles
The effectiveness of Musharaka-based monetary policy in creating full employment, price stability and economic prosperity
Available to Purchase
Journal of Islamic Accounting and Business Research 1–30.
Published: 11 November 2025
... focuses on Musharaka as a tool of monetary policy where central bank forms partnership with the private sector and develops key industrial belt, including auto industries. Using macroeconomic equilibrium model with aggregate output, aggregate expenditures and Zakat functions, the interest rate is replaced...
