Islamic economics in real life: Do Muslims give more than the others?

Murat Çokgezen ()
Additional contact information
Murat Çokgezen: Marmara University [Kadıköy - İstanbul]

Working Papers from HAL

Abstract: Economics literature witnessed the revival of Islamic economics over the last few decades as an alternative to conventional economic theory. Islamic economists criticized value-free nature and unrealistic assumptions of conventional economics and offered a new paradigm based on behavioral assumptions. Aim of this paper is to explore validity of these behavioral assumptions, in general, or more specifically, assumptions of Islamic economics concerning to giving. The validity of behavioral assumptions of IE and their results is rarely questioned in the literature. Particularly, empirical studies, in this regard, are very limited. This study aims to make a contribution to this methodological issue by analyzing country level charity data. Additionally, it also provides a modest contribution to empirical studies on charity/giving at the macro level. Results of the study shows that countries with more pious citizens give more than the others but found no difference between giving rates of Muslim-majority countries and the others. The finding is consistent with a limited number of other studies claiming that Muslims, in general, are not different from the others or are not behaving as described in Islamic economics. Increasing numbers of studies supporting findings of this study or raising questions about the validity of Islamic economics' assumptions may cause the Islamic economics to evolve in a different direction

Keywords: Philantrophy; Islamic economics; Economic methodology; Charity; Zakah (search for similar items in EconPapers)
Date: 2016-07-29
New Economics Papers: this item is included in nep-evo and nep-hme
Note: View the original document on HAL open archive server: https://hal.science/hal-01349872v3
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://hal.science/hal-01349872v3/document (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:wpaper:hal-01349872

Access Statistics for this paper

More papers in Working Papers from HAL
Bibliographic data for series maintained by CCSD ().