The Survy on Income Resourses Relation Theory through Zakat Payment: Conditional for an Islamic Equilibrium Economy

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pezhoman sodabeh; ZARE HASHEM

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Journal: EGHTESAD-E ISLAMI Year:2019 | Volume:19 | Issue:73 Page(s): 123-153

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Title

The Survy on Income Resourses Relation Theory through Zakat Payment: Conditional for an Islamic Equilibrium Economy

Author(s)

pezhoman sodabeh | ZARE HASHEM | Issue Writer Certificate

Keywords

CompetitiveQ1

CompensatoryQ1

ZakatQ1

Income DistributionQ2

Abstract

ccording to economic theory, if there is a Compensatory equilibrium in the economy, there will be a Competitive equilibrium on condition of positive income for all households. The condition of positive income also will be established when households have resource links with each other. According to a theory of Islamic economics, this relationship of resources (In the economic literature must have certain conditions) can be derived from sources such as Zakat. The present study intends to use a vector error correction model to answer the question that how much the actual amount of Zakat payment will be effective on income inequality in comparison with the amount of potential Zakat. Results after estimating three different models and applying control variables show that using the policy potentials available in Islamic economics, assuming other conditions are fixed, a simultaneous Competitive and Compensatory equilibrium in the Iranian economy can be established implicitly. In other words, if a policymaker can minimize the gap between actual and potential Zakat by applying some policies, Positive income establishment for all households will be possible.

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APA: Copy

pezhoman, sodabeh, & ZARE, HASHEM. (2019). The Survy on Income Resourses Relation Theory through Zakat Payment: Conditional for an Islamic Equilibrium Economy. EGHTESAD-E ISLAMI, 19(73 ), 123-153. SID. https://sid.ir/paper/393220/en

Vancouver: Copy

pezhoman sodabeh, ZARE HASHEM. The Survy on Income Resourses Relation Theory through Zakat Payment: Conditional for an Islamic Equilibrium Economy. EGHTESAD-E ISLAMI[Internet]. 2019;19(73 ):123-153. Available from: https://sid.ir/paper/393220/en

IEEE: Copy

sodabeh pezhoman, and HASHEM ZARE, “The Survy on Income Resourses Relation Theory through Zakat Payment: Conditional for an Islamic Equilibrium Economy,” EGHTESAD-E ISLAMI, vol. 19, no. 73 , pp. 123–153, 2019, [Online]. Available: https://sid.ir/paper/393220/en

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