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Treatment of Consumption in Islamic Economics: An Appraisal معالجة الاستهلاك في الاقتصاد الإسلامي

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  • ZUBAIR HASAN

    (International Islamic University of Malaysia , Kuala Lumpur, Malaysia)

Abstract

This paper attempts a broad appraisal of the literature on macro consumption function in Islamic economics. It starts with a brief look at the microelements of the concept and clears several cobwebs concerning wants and needs, scarcity of resources, the basket of goods, and the efficacy of utility and its maximization for consumer equilibrium. The explanations narrow down the conceptual gaps between the micro and macro level articulations of the subject. Next, the paper reviews some selected macro models resting on division of income on the basis of nisab between the upper (rich) and the lower (poor) classes of society for analyzing the impact of zakah-moderation mechanism on economic growth via the savinginvestment route. It is demonstrated that, contrary to the claim based on models, the positive impact of Islamic scheme on the variables studied is uncertain, to put it mildly. Finally, attention is drawn to some recent developments in the treatment of consumption in economics as also to interest being shown in the subject in other social sciences. This inter-disciplinary approach seeks to detach consumption from income and links it to wealth. It also brings in environmental and ethical concerns into the picture. The effort promises to bring the treatment of consumption closer in the two economic disciplines, secular and Islamic: it is a welcome development. هذه الورقة هي محاولة لتقييم أدبيات دالة الاستهلاك الكلي في الاقتصاد الإسلامي. تقدم الورقة نظرة سريعة على العناصر الأساسية للمفهوم وتوضح عددا من الاصطلاحات مثل الرغبات والحاجيات، ندرة الموارد، سلة السلع، وكفاءة المنفعة وتعظيمها بالنسبة للمستهلك. وهذه الإيضاحات تحاول سد الفجوة بين الصياغة الجزئية والكية للموضوع. فتبرز الورقة بعض النماذج الكلية والمختارة التي تعتمد على توزيع الدخل على أساس النصاب بين الفئات مرتفعة الدخل وتلك المنخفضة الدخل في المجتمع من أجل تحليل تأثير الزكاة على النمو الاقتصادي من خلال تأثيرها على الاعتدال في الإنفاق عبر نظام الادخار/ الاستثمار. وخلافا للمقولات المبنية على النماذج، فإن التأثير الإيجابي للأساليب المنطلقة من مقومات إسلامية على المتغيرات المدروسة غير مؤكد. وأخيراً، فإن الورقة تهدف إلى جذب الاهتمام إلى بعض التطورات الأخيرة في معالجة موضوع الاستهلاك في الاقتصاد، وكذلك توجيه النظر إلى الاهتمامات المتنامية حول هذا الموضوع في العلوم الاجتماعية الأخرى. إن هذا المنهج المبني على العلاقة المتداخلة بين العلوم المختلفة يهدف إلى فصل الاستهلاك عن الدخل وربطه بدلا من ذلك بالثروة. كذلك فإن هذا المنهج أيضا يبرز الأبعاد الأخلاقية والبيئية. ومن المؤمل أن يؤدي ذلك إلى التقريب في معالجة الاستهلاك في النظامين الاقتصاديين الإسلامي والتقليدي.

Suggested Citation

  • 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.
    • Handle: RePEc:abd:kauiea:v:18:y:2005:i:2:no:2:p:29-46
    DOI: 10.4197/islec.18-2.2
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    References listed on IDEAS

    as
    1. Hasan, Zubair, 1985. "Macro Consumption Function in an Islamic Framework by Fahim Khan: Comments," MPRA Paper 3185, University Library of Munich, Germany.
    2. Slesnick,Daniel T., 2001. "Consumption and Social Welfare," Cambridge Books, Cambridge University Press, number 9780521497206, January.
    3. 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.
    4. Zubair Hasan, 1985. "M. Fahim Khan: Macro Consumption Function in an Islamic Framework, Comments: Zubair Hasan محمد فهيم خان: وظيفة الاستهلاك الكلي في إطار إسلامي - تعليق: زبير حسن," Journal of Research in Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 2(2), pages 71-73, July.
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    Cited by:

    1. Khan, Muhammad Akram, 2020. "Theory of Consumer Behavior: An Islamic Perspective," MPRA Paper 104208, University Library of Munich, Germany.
    2. Hafas Furqani, 2017. "Consumption and Morality: Principles and Behavioral Framework in Islamic Economics الاستهلاك والأخلاق: المبادئ والإطار السلوكي في الاقتصاد الإسلامي," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 30(SI), pages 89-102, April.
    3. Murat Çokgezen, 2016. "Islamic economics in real life: Do Muslims give more than the others?," Working Papers hal-01349872, HAL.
    4. 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.
    5. 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.
    6. repec:abd:kauiea:v:30:y:2017:i:4:p:89-102 is not listed on IDEAS
    7. Ghassan, Hassan B., 2015. "Islamic Consumer Model, Fairness Behavior and Asymptotic Utility," MPRA Paper 67141, University Library of Munich, Germany.

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