C/E/227. The concept of money from Islamic perspective. How would you respond to the claim that Islamic money is gold and silver and that Muslims should support an international return to the gold standard?

The paper examines the history of gold used as currency reflecting on whether Muslims should use conventional money. The importance of knowing the intrinsic value of products is discussed arguing the righteousness of profit creation based on no intrinsic value. The role of golden standard in Muslim culture is considered.

C/E/228. Interest free mortgages financing in the West. Write analytically and critically about such an experience with a view to meeting Muslim needs in the UK

The paper looks at the basic concepts of Islamic finance focusing on its approach to interest, and examining the methods of interest free mortgage financing adopted in the West to meet Muslims' needs for housing finance. British mortgage policy is analysed.

C/E/189. Data used for monetary policy making and its limitations

The paper examines the reliability of financial data used by the Monetary Policy Committee (MPC) of the Bank of England discussing the issues of economic statistics in policy making and identifying harmful forms of data uncertainty.

C/E/192. Monetary policy and the inaccurate data

The paper discusses different variables that the central authorities need to take into account when producing a monetary policy. After outlining each variable, the paper discusses how accurately they can be estimated and whether those inaccuracies can affect the monetary policy.

C/E/193. Central authorities in making decisions with regard to Monetary Policy require a range of different data. Explain the data required and discuss the problems that may be encountered in using this data to develop policy.

The paper discusses different variables that the central authorities need to take into account when producing a monetary policy. After outlining each variable the paper discusses how accurately they can be estimated and whether those inaccuracies can affect the monetary policy.

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