Income determination in an Islamic Economy
Other Title(s)
تحديد المستوى التوازني للدخل في اقتصاد إسلامي
Author
Publisher
King Abdulaziz University Islamic Economics Institute
Publication Date
1987-12-31
Country of Publication
Saudi Arabia
No. of Pages
51
Main Subjects
Economy and Commerce
Religion
Islamic Studies
Topics
English Abstract
This study develops a macro-model of an interest free Islamic economy incorporating Zakah.
Assuming a higher marginal propensity to consume of the low income groups who receive Zakah transfers from the higher income groups the model establishes a higher level of income for given values of the other parameters.
The model also demonstrates that an investment function based on profit-sharing ratio in place of the rate of interest generates a stable equilibrium between savings and investment.
Before explaining income determination in an Islamic economy the different systems of income determination in a capitalist economy are also reviewed.
Table of Contents
Table of contents.
Foreword.
[Chapter One] : Introduction.
[Chapter Two] : Income determination in a capital economy.
[Chapter Three] : Income determination in a Islamic economy.
[Chapter Four] : Conclusion.
Notes.
American Psychological Association (APA)
Ahmad, Ausaf. 1987-12-31. Income determination in an Islamic Economy Jiddah Saudi Arabia : King Abdulaziz University Islamic Economics Institute.
https://search.emarefa.net/detail/BIM-858034
Modern Language Association (MLA)
Ahmad, Ausaf. Income determination in an Islamic Economy. Jiddah Saudi Arabia : King Abdulaziz University Islamic Economics Institute. 1987-12-31.
https://search.emarefa.net/detail/BIM-858034
American Medical Association (AMA)
Ahmad, Ausaf. Income determination in an Islamic Economy. Jiddah Saudi Arabia : King Abdulaziz University Islamic Economics Institute. 1987-12-31.
https://search.emarefa.net/detail/BIM-858034
Language
English
Document Type
Book
Notes
Includes appendix : p. 47-49
Record ID
BIM-858034
