Investigating the Effect of "Zakat" on the Distribution of Wealth of Society Using Agent-Based Modeling

Document Type : Research Paper

Authors

1 Economics And management faculty, Tabriz University, Iran

2 Associate Professor, Economics and Management Faculty/Tabriz University, Iran

3 Professor, Economics and Management/Tabriz University, Iran

4 Professor, Mathematics Faculty/ Tabriz University, Iran

Abstract

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

Keywords

Main Subjects

References

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Journal of Economic Research (Tahghighat- E- Eghtesadi)
Volume 54, Issue 3 - Serial Number 128
September 2019
Pages 487-523

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History

  • Receive Date: 09 December 2018
  • Revise Date: 02 February 2019
  • Accept Date: 30 April 2019

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