Book Review: Distributive Justice and Need Fulfilment in an Islamic Economy, Munawar Iqbal (Editor), Reviewed by: M. ALl KHAN مراجعة علمية لكتاب: العدالة التوزيعية والحاجة إلى الوفاء في الاقتصاد الإسلامي - منور إقبال (محرر) - مراجعة: محمد علي خان

M. ALl Khan
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M. ALl Khan: Abram G. Hutzler Professor of Economics at the Johns Hopkins University, Baltimore

No 478, Book reviews and book reports published in the Journal of King Abdulaziz University: Islamic Economics. from King Abdulaziz University, Islamic Economics Institute.

Abstract: Cash flow is a major and critical input in the capital budgeting decision of private firms. Cash flow has been analyzed under taxes and inflation. However, zakat has never been analyzed. Zakat has different base and rates compared to other systems, therefore, it requires an intensive analysis. This study analyses and compares the impact of zakat with that of Saudi and American tax systems. Two models were developed, and an empirical analysis was performed. The results support the hypothesis of a lesser impact for zakat. Under equal discount rates and initial investments, zakat tends to accept more projects than the other two tax systems.

Pages: 0 pages
Date: 1991-01
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Published in the Journal of King Abdulaziz University: Islamic Economics, Volume: 3, Issue: 1

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Persistent link: https://EconPapers.repec.org/RePEc:abd:jkaubr:478

DOI: 10.4197/islec.3-1.6

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