Seyyed Ehsan Khandoozi; Mohammad Mahdi Mojahedi Moakhar; Morteza Khorsandi; Ali Afsari
Abstract
Justice is known as one of the most important principles of any economic system and pursuing other objectives such as efficiency and economic growth should go along with achieving justice. In Islamic economics, redistributive justice as a kind of justice can be achieved through obligatory and voluntary ...
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Justice is known as one of the most important principles of any economic system and pursuing other objectives such as efficiency and economic growth should go along with achieving justice. In Islamic economics, redistributive justice as a kind of justice can be achieved through obligatory and voluntary charities or through government subsidies. In this study, we generalize two-period overlapping generations model by entering the Islamic guidelines for redistribution in this model and examine the economic impact of redistributive behavior by analyzing the model in Islamic economics framework. The results show that an increase in redistributive behavior that emerges in the form of in Infaq (Transfer payment), has a positive impact on saving and capital accumulation and therefore is consistent with economic growth. So, one optimal approach for implementation of redistributive justice is to encourage people to Infaq and voluntary donations.
Mansour Zarra Nezhad; Elaheh Ansari; Masood Khoda Panah
Abstract
Information constitutes the main basis for decision making. Sometimes the amount of information obtained is so huge that the inappropriate use of unanalyzed information will lead to making wrong decisions. Defining practical indices and the quantification of quality indicators in different domains can ...
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Information constitutes the main basis for decision making. Sometimes the amount of information obtained is so huge that the inappropriate use of unanalyzed information will lead to making wrong decisions. Defining practical indices and the quantification of quality indicators in different domains can be of remarkable help to discover fundamental problems, set goals, and choose the best way to achieve them. Islamic economy could be one of these areas. In this study, through following scientific principles, the composite index of Islamic economy in Iran from 1995 to 2012 was defined and estimated. In fact, it is for the first time that a long-term performance of a country is examined. The results show that the absolute value of the index has not changed significantly in the course of 18 years under study, and there have been fluctuations in a short run. Reducing unemployment and inflation rates, promoting the culture of the using non-interest-bearing deposits (Gharz-ol-Hasane), as well as reducing bank interest rate comprise strategies for improving this indicator in Iran.
Fathollah Tari; Somayeh Jafari
Volume 14, Issue 55 , January 2015, , Pages 137-156
Abstract
Every community produces goods and provides services, and distributes these products and services for end-use based on an instruction or certain order. This performance for many reasons varies from one society to another. The current research studies the impact of Khums on consumption and investment ...
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Every community produces goods and provides services, and distributes these products and services for end-use based on an instruction or certain order. This performance for many reasons varies from one society to another. The current research studies the impact of Khums on consumption and investment based on approach of Kaldor model. The proposed model assumes that the economy is managed by the private sector, and our target population is Islamic community. In this community, the Islamic Republic also has been established in a manner that in this kind of economy, the interest rate has been abrogated, and all economy activities based on Mudaraba or Musharaka. On the other hand, the majority of consumers in the Islamic society were affected by Islamic instruction, and they fulfil their religious duty, and pay the Khoums. The Islamic government is trustees of collecting and distributing Khums. The results have shown that it is possible to achieve steady growth in Islamic Economics, and the existence of Khoums is not a barrier to consistent growth status.
