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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.



Item Type: MPRA Paper -

Institution: International Islamic University of Malaysia-

Original Title: Zakah, Moderation, and Aggregate Consumption by Munawar Iqbal: Comments-

Language: English-

Keywords: Islamic economics; Macro consumption function; zakah; moderation; israf-

Subjects: E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E21 - Consumption ; Saving ; Wealth-





Autor: Hasan, Zubair

Fuente: https://mpra.ub.uni-muenchen.de/3224/







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