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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

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  • M. FAHIM KHAN

    (International Institute of Islamic Economics International Islamic University, Islamabad, Pakistan)

Abstract

Consumption function in Islamic framework has attracted in this Journal more attention than any other micro or macro-aspect of Islamic economic system. Yet, all these half a dozen presentations have simply focused on a trivial issue i.e. implication of Islamization of an economy on the propensity to consume in a simple Keynesian macro-economic framework. Whether imposition of Zakah will increase or decrease the propensity to consume is not a substantial issue. All presentations made so far, whether proving an increased propensity or decreased propensity to consume, indicate only a marginal increase or decrease. For example, see Ausaf (1985) and Metwally (1981). --

Suggested Citation

  • 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.
    • Handle: RePEc:abd:kauiea:v:2:y:1990:i:1:no:6:p:101-105
    DOI: 10.4197/islec.2-1.6
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    References listed on IDEAS

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    1. 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.
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