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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| Format: | Article |
| Language: | English |
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International Islamic Universiry Malaysia
2006
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| Online Access: | http://irep.iium.edu.my/8025/1/fiscal_policy.zakah.pdf |