‘Israf’, Economic Waste

Masudul Alam Choudhury and Uzir Abdul Malik
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Masudul Alam Choudhury: University College of Cape Breton
Uzir Abdul Malik: Universiti Kebangsaan Malaysia

Chapter 6 in The Foundations of Islamic Political Economy, 1992, pp 201-252 from Palgrave Macmillan

Abstract: Abstract The Quranic meaning of the term ‘israf’ is waste due to wanton consumption and production. A verse in the Quran strictly prohibiting waste goes as follows: But squander not [your wealth] In the manner of a spendthrift. Verily spendtrifts are brothers Of the Evil Ones; And the Evil One Is to his Lord [Himself] Ungrateful. (S. XVII, vss 26, 27)

Keywords: Interest Rate; Social Welfare; Social Welfare Function; Market System; Economic Justice (search for similar items in EconPapers)
Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-21973-5_6

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DOI: 10.1007/978-1-349-21973-5_6

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