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Zakah, Moderation and Aggregate Consumption in An Islamic Economy الزكاة، والاعتدال في الإنفاق، والاستهلاك الكلي في اقتصاد إسلامي

Author

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  • Munawar Iqbal

    (Islamic Economics Research Center King Abdulaziz University, Jeddah, Saudi Arabia.)

Abstract

A critical review of writings on this subject reveals that the effect of certain Islamic injunctions on aggregate consumption has been studied within Keynesian consumption theory, no attempt being made to come up with an alternative theory. Refuting the conclusions of some previous writers, it is established that while the effects of zakah and infaq (charitable spending) on consumption, ceteris paribus, are expansionary, and that of Islamic moderation contractionary, the net effect cannot be determined a priori. It depends on empirical values of some parameters. Sensitivity analysis performed on likely values of relevant parameters, confirms that the net effect of Islamic injunctions on the marginal propensity to consume will be neutral. يظهر الاستعراض الناقد أن الكتابات السابقة في هذا الموضوع قد درست أثر توجيهات إسلامية معينة على الاستهلاك الكلي، لكن في إطار النظرية الكينزية للاستهلاك ودون محاولة لتقديم نظرية بديلة. وأخطأت بعض تلك الكتابات في أنها قارنت "اقتصاد" رأسماليًا "بنموذج" إسلامي، بينما كان عليها أن تقارن نموذجًا رأسماليًا بنموذج إسلامي. والبحث الحاضر ينقض نتائج بعض الدراسات السابقة، ويبرهن على أن أثر الزكاة والإنفاق في سبيل الله هو أثر توسعي على الاقتصاد، بينما أثر التوجيهات الإسلامية الآمرة بالاعتدال هو أثر انكماشي، مما يجعل المحصلة الصافية لهذين الأثرين معًا غير قابلة للتحديد بصورة مسبقة، بل هي تعتمد على القيم الفعلية لبعض المعلمات (الثوابت) في الاقتصاد. ويؤكد تحليل الحساسية الذي أجريناه على القيم المحتملة لتلك المعلمات، أن المحصلة الصافية لجملة آثار التوجيهات الإسلامية ستكون حيادية لا تغير قيمة الميل الحدي للاستهلاك.

Suggested Citation

  • Munawar Iqbal, 1985. "Zakah, Moderation and Aggregate Consumption in An Islamic Economy الزكاة، والاعتدال في الإنفاق، والاستهلاك الكلي في اقتصاد إسلامي," Journal of Research in Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 3(1), pages 45-61, January.
  • Handle: RePEc:abd:crieja:v:3:y:1985:i:1:no:4:p:45-61
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    References listed on IDEAS

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    1. M. Fahim Khan, 1984. "Macro Consumption Function in an Islamic Framework وظيفة الاستهلاك الكلي في إطار إسلامي," Journal of Research in Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 1(2), pages 3-25, July.
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    1. Ghassan, Hassan B., 2015. "نموذج النفقة والإعتدال حسب كتابات الشيباني [Spending and Fairness Model Based on the Writing of Shibani]," MPRA Paper 80603, University Library of Munich, Germany, revised 2016.
    2. Ghassan, Hassan B., 2015. "A Consumer Model and Social Welfare Based on the Writings of Shibani (750-805 AD, 131-189 AH)," MPRA Paper 72441, University Library of Munich, Germany, revised 05 Mar 2016.
    3. Zubair HASAN, 2017. "Consumprion and Islam: Micro Foundations and Macro Modelling," Journal of Economic and Social Thought, KSP Journals, vol. 4(1), pages 108-118, March.
    4. Ghassan, Hassan B., 2015. "Islamic Consumer Model, Fairness Behavior and Asymptotic Utility," MPRA Paper 67141, University Library of Munich, Germany.
    5. M. Fahim Khan, 1990. "Munawar Iqbal: Zakah, Moderation and Aggregate Consumption in an Islamic Economy, Comment منور إقبال: الزكاة والاعتدال والاستهلاك الكلي في الاقتصاد الإسلامي - تعليق: محمد فهيم خان," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 2(1), pages 101-105, January.
    6. Khan, Muhammad Akram, 2020. "Theory of Consumer Behavior: An Islamic Perspective," MPRA Paper 104208, University Library of Munich, Germany.
    7. Zubair Hasan, 2005. "Treatment of Consumption in Islamic Economics: An Appraisal معالجة الاستهلاك في الاقتصاد الإسلامي," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 18(2), pages 29-46, January.

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