TITLE

Zakat as a Benchmark to Evaluate Economic Growth: An Alternative Approach

AUTHOR(S)
Sarea, Adel
PUB. DATE
September 2012
SOURCE
International Journal of Business & Social Science;Sep2012, Vol. 3 Issue 18, p242
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The purpose of this paper is to determine the need of Zakat as a financial system in order to evaluate the growth of economic. Reviewing the conceptual framework of Islamic economic to propose an alternative model in order to contribute significantly to the Ummah and serving the nations. This paper concludes to be regarded Zakat as one of the proper method to measure the economic growth, which means, when people pay Zakat the level of economic growth will be higher and vise versa. In other words, the commitments of Muslims to pay Zakat to the eight categories to achieve sustainable development in terms of redistribution of wealth between Muslims as well as bridging the gap between the rich and the poor in the society. This paper also contributes to consider Zakat as a proper index to measure economic growth through a number of methods to evaluate the economic growth.
ACCESSION #
87647329

 

Related Articles

  • Deloitte in joint IF research initiative with INCEIF, Henley.  // MiddleEast Insurance Review;May2013, p22 

    The article reports on the launch of the collaborative research initiative between Deloitte Middle East Islamic Finance Knowledge Center (IFKC) and International Centre for Education in Islamic Finance (INCEIF) in Malaysia.

  • Eco-taxes. Robertson, James // New Internationalist;Apr96, Issue 278, p28 

    Discusses the effect of tax systems on sustainable economies in countries such as Europe and the United States. Related cases; Reference to other countries around the world.

  • Introduction. Pavlova, Margarita // International Journal of Technology & Design Education;Jun2009, Vol. 19 Issue 2, p105 

    The article discusses several reports published within the issue including one on sustainable development in technology education by Pavlova, one on the importance of pedagogical transformation in sustainable development by Leal Filho, Manolas, and Pace, and one on Advanced Systematic Inventive...

  • Implementation of Backcasting in a Development Project in Nepal: The Role of the Transition Manager. Wieners, Eva; Pradhan, Pushkar; Neuburger, Martina; Schickhoff, Udo // International Journal of Environmental, Cultural, Economic & Soc;2015, Vol. 11, p35 

    In order to make development cooperation more accountable, projects have become increasingly outputfocused during the last decade. However, this can limit the focus of a project and restrict the role of the project manager and thus make it difficult to use synergy effects. This can reduce...

  • Factors affecting the Sustainable Development of Tourism Sector in Uttarakhand. Mamgain, Pradeep // Adhyayan: A Journal of Management Sciences;Dec2015, Vol. 5 Issue 2, p109 

    Tourism as an industry has evolved as one of the largest and lucrative industry in Indian economy. It is regarded as one of the most effective instrument for national integration and harmony. Thus, leading towards social transformation and upliftment of the rural poor. The success of the tourism...

  • Sustainable Development Strategy for the Global City: A Case Study of Sydney. Hu, Richard // Sustainability (2071-1050);2015, Vol. 7 Issue 4, p4549 

    Global cities, the command and control centres of the integrated world economy, are facing a sustainability paradox of greater global competition and greater environmental pressure. This study explores the policy approaches to the sustainability paradox by integrating environmental...

  • How to Measure Social Impact & Sustainability Value: A Review of Compelling New Studies, Impact Methodologies and Case Studies.  // SB Business Weekly;8/17/2015, p4 

    A video concerning the measurement of social impact and sustainability value through case studies and methodologies is presented.

  • WHAT THE INDIAN MUSLIMS THINK ABOUT ISLAMIC FINANCE: AN EMPIRICAL STUDY. YATOO, NISSAR AHMAD; SUDALAIMUTHU, S. // International Journal of Research in Computer Application & Mana;Jul2013, Vol. 3 Issue 7, p68 

    This research investigates the opinion of Indian Muslims about Islamic finance. the study is based on the empirical data collected from 609 respondents among the Muslims in India. The results suggest that Muslims in India emphasise the role of religious and ethical values in Islamic finance over...

  • Preliminaries to an Investigation of Reduced Product Set Finance. Bergstra, J. A.; Middelburg, C. A. // Journal of King Abdulaziz University: Islamic Economics;2011, Vol. 24 Issue 1, p175 

    Principles of financial product synthesis from a few basic financial products constitute an interesting research topic inspired by Islamic finance. We make an effort to answer general questions that should be answered before starting to investigate the main issues concerning this topic with the...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics