IESTC WORKING PAPER SERIES

​#    ​​​Title ​  Authors
​​ ​​​November, 2019 ​
​ 07-2019 Constitutional Frameworks of Government Finance and Specific Aspects of Islamic Religious Revenues Abdul Ghafar Ismail Muhammad Hasbi Zaenal Kamaru Salam Yusof 

 

Abstract

The constitution makes a provision that they can expand the sources of revenues for socioeconomic purposes. These revenues come from Islamic religious revenue. This study will present an evidence based on the consolidated account in selected countries. The results will try to prove that there are several advantages to compiling consolidated account and Islamic religious fund, such as being able to centralize the planning, and reporting of the revenue. In addition, it may help in formulating the public policy. However, the current practice shows that: these revenues are not consolidated as state national account; in relation to how could the public policy be created and implemented; and it may raise the issues on distribution in order to improve the effectiveness of fiscal policy. This study may have an impact on the distribution made by Islamic religious revenues in one state should be recognized and endorsed by the relevant authorities or operational regulations.

Keywords: constitutional framework, government revenue, state government finance, constitution, Islamic religious revenue JEL Classifications: H23; K22; P34; P51; Z18;