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

Zubair Hasan ()

MPRA Paper from University Library of Munich, Germany

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.

Keywords: Islamic economics; Macro consumption function; zakah; moderation; israf (search for similar items in EconPapers)
JEL-codes: E21 (search for similar items in EconPapers)
Date: 1990
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Published in JKAU: Islamic Economics, Jeddah 2.2(1990): pp. 91-100

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