Fiscal policy in an Islamic economy and the role of Zakat

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Fiscal policy in an Islamic economy and the role of Zakat

This study incorporates Zakat into a simple macroeconomic model of an Islamic economy and analyzes the role of Zakat in the national income determination. The reduced form aggregate consumption function suggests that the determinants of consumption are: Zakat expenditure, taxes, income, and asset ho...

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Bibliographic Details
Main Author:	Yusoff, Mohammed
Format:	Article
Language:	English
Published:	International Islamic Universiry Malaysia 2006
Subjects:	HB Economic Theory
Online Access:	http://irep.iium.edu.my/8025/ http://irep.iium.edu.my/8025/1/fiscal_policy.zakah.pdf

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