Strategic Studies of Jurisprudence and Law

Strategic Studies of Jurisprudence and Law

The Application of Islamic Economics in the Evaluation of Neoliberal Monetary Policy in Iran

Document Type : research

Authors
Mina Saatchi 1
Ali Salehi Farsani 1
Mohammad Reza Shahab 2
1 Department of Political Science, Semnan Branch, Islamic Azad University, Semnan, Iran.
2 Department of Economics, Semnan Branch, Islamic Azad University, Semnan, Iran.
10.22034/ejs.2025.510713.2048
Abstract
Background and Aims: The neoliberal approach dominates Iran's economic, monetary and banking system. In what situations and under what conditions has neoliberal policy-making dominated Iran's economy, and what consequences does it bring, and what contributions can Islamic economics make in this area, are innovative topics that have been discussed in this article.
Materials and Methods: This research is of theoretical type and the research method is descriptive-analytical and the method of data collection is library and has been done by referring to documents, books and articles.
Ethical Considerations: In order to organize this research, while observing the authenticity of the texts, honesty and fidelity have been observed.
Findings: Self-interest in the prejudiced principles and ideas of neoliberalism seeks techniques that maximize personal/private profit and benefit. The above cases have been institutionalized in Iran's neoliberal economic policy, which has an angle with Islamic economic policy. In a sense, there is a tangible conflict between the practical approach and the apparent approach of the Iranian economy.
Conclusion: The economic policy of Islam is to eliminate usury, implement profit and institutionalize zakat, and also deal with extravagance. In terms of methodology, there is a need to reconstruct the three main principles of financial policy and Islamic economy in Iran; 1)monotheism and brotherhood, 2)the principle of work and productivity; 3)increasing the principle of income distribution.
Keywords
Islamic banking
economic justice
Banking and monetary policy
neoliberalism
critical approach
Islamic economy
Subjects
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Strategic Studies of Jurisprudence and Law
Volume 8, Issue 2 - Serial Number 29
Studies of economic jurisprudence
Spring 2026
Pages 19-36