Islamic Economics and Happiness Economics a Case Study on the Role of Central Banks in Approaching Human Wellbeing

<p>This study explores the role played by the Islamic Economics in <br />approaching Happiness Economics with a case study on the role of <br />central banks in achieving human wellbeing. The study concluded <br />that while a revolution emerged in the economic sciences field <br />which is more effective and efficient, if accurately followed, in <br />approaching human wellbeing, Central banking and the financial <br />sector remained within its traditional role and functions aiming at <br />economic and monetary stability. Only Islamic Banking and <br />Finance and within the Islamic Economics from conceptual and <br />pragmatic basis could be considered a welcomed development <br />which might be building a corner stone for enabling a new role for <br />banking and finance sector for approaching happiness economics from national to global perspective.