Economic consumption model revisited: infaq model based on al-Shaybani's levels of al-Kasb

Mohammed, Mustafa Omar (2011) Economic consumption model revisited: infaq model based on al-Shaybani's levels of al-Kasb. IIUM Journal of Economics and Management, 19 (1). pp. 115-132. ISSN 1394-7680

Preview

PDF (Article) - Published Version Download (4MB) | Preview

Abstract

This study attempts to investigate the economic ideas of al-Imām MuÍammad Ibn al-×asan al-Shaybānī (1986), focusing on his levels of al-Kasb. The study uses al-Shaybānī’s levels of al-Kasb to develop a theoretical Infāq model that integrates the material, spiritual, moral, social and legal dimensions. Thus the Infāq model is broader than the concept of consumption in modern economics. It also has some advantages over the Islamic consumption models developed by contemporary Muslim economists. The model identifies some major implications in terms of basic needs fulfillment, social Infāq and distributive justice. The primary features of this model are its simplicity and comprehensiveness. It is easy to understand yet it embodies the individual, social, material, spiritual, moral and legal dimensions into the individual’s spending decision making and behavior. The model is more realistic in understanding human behavior. It is growth friendly and instills the spirit of cooperation and social responsibility at the individual and social levels. It is suggested that future research further fine tune with some rigourous analysis JEL Classification: A13, A31, B11, D01, D10 Key words: Al-Kasb, Consumption, Infāq, Model building

Item Type:	Article (Journal)
Additional Information:	1957/28905
Uncontrolled Keywords:	Al-Kasb, Consumption, Infāq, Model building
Subjects:	H Social Sciences > HB Economic Theory > HB75 History of economics. History of economic theory H Social Sciences > HB Economic Theory > HB801 Consumption. Demand
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences
Depositing User:	Dr. Mustafa Omar Mohammed Banki
Date Deposited:	16 Apr 2015 14:49
Last Modified:	01 Nov 2015 09:05
URI:	http://irep.iium.edu.my/id/eprint/28905

Actions (login required)

View Item