TY - JOUR ID - 72765 TI - Investigating the Effect of "Zakat" on the Distribution of Wealth of Society Using Agent-Based Modeling JO - Journal of Economic Research (Tahghighat- E- Eghtesadi) JA - JTE LA - en SN - 0039-8969 AU - Javidi Abdollahzadeh Aval, Narges AU - Assadzadeh, Ahmad AU - Motafaker Azad, Mohamad Ali AU - Shahmorad, Sedaghat AD - Economics And management faculty, Tabriz University, Iran AD - Associate Professor, Economics and Management Faculty/Tabriz University, Iran AD - Professor, Economics and Management/Tabriz University, Iran AD - Professor, Mathematics Faculty/ Tabriz University, Iran Y1 - 2019 PY - 2019 VL - 54 IS - 3 SP - 487 EP - 523 KW - Agent-based modeling KW - Islamic economics KW - Inequality KW - Gini coefficient KW - Consumption KW - Saving KW - wealth DO - 10.22059/jte.2019.72765 N2 - Establishing social justice and equilibrium in society is one of the most important preconditions for development. Therefore, reducing the trend of increasing inequality for policymakers in many countries is a priority. Zakat is a financial tool in the macro system of Islamic society, which plays an important role in the effective allocation of income. The purpose of this article is to describe the theory of the role of zakat as an important tool in achieving efficiency and improving human development indicators. For this purpose, the Net Logo application has been used for agent-based modeling. This paper examines the actual effects of Zakat on the distribution of wealth in Islamic economics and compares conventional and Islamic economics. The results indicate that an Islamic economic system, in general, leads to higher human development indicators than a conventional investment model system. JEL Classification: C53, P4, D630, D310, E21 UR - https://jte.ut.ac.ir/article_72765.html L1 - https://jte.ut.ac.ir/article_72765_0086143d348c274f03d86ce3fdb45d8d.pdf ER -