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Zakah, Moderation, and Aggregate Consumption by Munawar Iqbal: Comments

Author

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  • Hasan, Zubair

Abstract

This is a detailed comment on a discussion paper of Munawar Iqbal published in an earlier issue of the same journal.It argues that it is difficult to quantify israf (frivolous expenditure on consumption.Therefore, a better way of analysing the impact of israf would be to start with a no-israf model of income determination. Then introduce israf into the picture israf to see the impact on the situation. The comments present such a model.

Suggested Citation

  • Hasan, Zubair, 1990. "Zakah, Moderation, and Aggregate Consumption by Munawar Iqbal: Comments," MPRA Paper 3224, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:3224
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    File URL: https://mpra.ub.uni-muenchen.de/3224/1/MPRA_paper_3224.pdf
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    Citations

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    Cited by:

    1. 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.
    2. Hasan, Zubair, 2016. "Economic development and Islam revisited," MPRA Paper 73857, University Library of Munich, Germany.

    More about this item

    Keywords

    Islamic economics; Macro consumption function; zakah; moderation; israf;
    All these keywords.

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth

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