An analysis of zakat expenditure and real output: theory and evidence
This study advocates zakat as the major and potent fiscal policy instrument in an Islamic state. Zakat plays its role in macroeconomic stabilization through nondiscretionary and discretionary fiscal policy. The built-in stabilizer mechanism occurs when zakat collection is automatically reduced du...
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| Format: | Article |
| Language: | English |
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KENMS-IIUM Press
2010
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| Online Access: | http://irep.iium.edu.my/25906/ http://irep.iium.edu.my/25906/ http://irep.iium.edu.my/25906/1/AN_ANALYSIS_OF_ZAKAT_EXPENDITURE_AND.pdf |