Abstract
Budgeting on conventional ground devises social goals by individualism, self-interest, and misplacement of priorities which creates and widens social inequality. On the other hand, Budgeting from Islamic economics perspective envisages and promotes equity, justice, and equality through mutual consultation and public maslaha and this is achieved by placing the budget in line with the goals of sharia which serves humanity better. The objective of the paper is to critically analyze Kano state budget from 2007 to 2015 based on Maqasid sharia framework. Thus, the paper is a conceptual analysis which relies on journal articles, books, conference proceedings and other relevant materials. The study reveals that the Kano state administration between 2007 to mid2011 incorporate sharia parameters fully into its budget policy and implementation while that of 2011 to mid-2015 partially observe some of the sharia parameters by emphasizing mostly on human capital development and capital project. Thepaper recommends that since Kano state is a sharia-compliant state and that the future administrations should fully envisage sharia parameters in its budget policies and implementation by placing more emphasis on and proper utilization of sharia supportive institutions or pillars such as Zakat and Hubsi commission, Hisbah board, sharia commission, coupled with productive and sustainable human and capital development projects.
Highlights
Modern governments around the globe use budgeting as an integral part of their development planning to estimate their annual expected revenues and expenditures with the sole aim of realizing the objectives of the long-term development plan
The first category of public spending in an Islamic state includes those which are clearly ordained by the Sharia such as; spending for the protection of religion and territorial border of the state, for maintaining law and order, for establishing justice, for enjoying goods and forbidden evils, for spreading the message of Allah, for fulfilling the basic needs of the people, for running the government and for fulfilling the socially obligatory duties in case the private sector is not forthcoming (Siddiqi, 1992)
Based on the above structural design of budget from an Islamic point of view, this paper aims to analyze the Kano state budget from Islamic perspectives to see how far has the budget tries to realize the objectives of Sharia
Summary
Modern governments around the globe use budgeting as an integral part of their development planning to estimate their annual expected revenues and expenditures with the sole aim of realizing the objectives of the long-term development plan. Budget in its simplest meaning refers to the sum of money or financial resources allocated for a particular purpose. It is the estimates of the planned government spending corresponding to the expected revenue generation during a particular period usually a year with the aim of achieving (install mentally) the long-term objectives of the development plan. The first category of public spending in an Islamic state includes those which are clearly ordained by the Sharia such as; spending for the protection of religion and territorial border of the state, for maintaining law and order, for establishing justice, for enjoying goods and forbidden evils, for spreading the message of Allah, for fulfilling the basic needs of the people, for running the government and for fulfilling the socially obligatory duties in case the private sector is not forthcoming (Siddiqi, 1992). While the third category includes spending for the provision of private utilities which are assigned to the state by the people such as clean drinking water, electricity, telecommunications, etc. when the private sector fails to provide due to high capital requirement
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