Title of article :
Economic Consumption Model Revisited: Infaq Based on Al-Shaybani’s Levels of Al-Kasb
Author/Authors :
Mohammed, Mustafa Omar International lslamic University Malaysia - Kulliyyah of Economics and Management Sciences - Department of Economics, Malaysia
From page :
115
To page :
131
Abstract :
This study attempts to investigate the economic ideas of al-Imam MuÍammad Ibn al-xasan al-Shaybani (1986), focusing on his levels of al-Kasb. The study uses al-Shaybani s levels of al-Kasb to develop a theoretical Infaq model that integrates the material, spiritual, moral, social and legal dimensions. Thus the Infaq 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 Infaq 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
Keywords :
Al , Kasb , Consumption , Infaq , Model building
Journal title :
International Journal of Economics,Management and Accounting
Journal title :
International Journal of Economics,Management and Accounting
Record number :
2562307
Link To Document :
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