Maximizing Utility And Distributing Income Equitably: How does Zakah Impact Both of Them at Once?

This paper is a theoretical article that examines how zakah is able to fulfill and increase the satisfaction of a Muslim consumer, even if it reduces the quantity of goods consumed. In addition, this article will also clarify the role and function of zakah in dealing with the problem of economic ine...

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Autor principal:	Ade Nur Rohim
Formato:	article
Lenguaje:	AR EN ID
Publicado:	Universitas Darussalam Gontor 2018
Materias:	maximizing utility distributing income justice zakah Islam. Bahai Faith. Theosophy, etc. BP1-610 Economic theory. Demography HB1-3840
Acceso en línea:	http://dx.doi.org/10.21111/iej.v4i2.2963 https://doaj.org/article/067efae809cd4f43bb7ba9624798db4e
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spelling	oai:doaj.org-article:067efae809cd4f43bb7ba9624798db4e2021-11-09T01:12:11ZMaximizing Utility And Distributing Income Equitably: How does Zakah Impact Both of Them at Once?http://dx.doi.org/10.21111/iej.v4i2.29632460-18962541-5573https://doaj.org/article/067efae809cd4f43bb7ba9624798db4e2018-12-01T00:00:00Zhttps://ejournal.unida.gontor.ac.id/index.php/JEI/article/view/2963https://doaj.org/toc/2460-1896https://doaj.org/toc/2541-5573This paper is a theoretical article that examines how zakah is able to fulfill and increase the satisfaction of a Muslim consumer, even if it reduces the quantity of goods consumed. In addition, this article will also clarify the role and function of zakah in dealing with the problem of economic inequality. Economic inequality is characterized by uneven distribution of income and wealth and only revolves around a handful of people. This made the gap between rich and poor deepening. One of the factors causing the gap is the behavior of consumers who tend to pursue pure utility. So that it fosters greed in itself and increases negative behaviors such as hoarding property, and makes wealth not circulated in the community evenly. This study also identifies the impact of zakat on public consumption behavior which also has direct implications for income distribution. The results of the study show that utility in Islamic economics is a combination of two utilities. Worldly utilities that represent real satisfaction directly felt such as feeling full, happiness in the world, fulfilled their life needs. Also the ukhrawi utility is represented by an increase in faith and piety, and a reward that is expected to be obtained in the hereafter. Where zakah is able to increase the two types of utilities. This concept encourages rich Muslim communities to distribute their income through zakat instruments to the poor. So that the redistribution of income fairly can be realized through zakah, and in the end is able to realize equitable welfare in the community.Ade Nur RohimUniversitas Darussalam Gontorarticlemaximizing utilitydistributing incomejusticezakahIslam. Bahai Faith. Theosophy, etc.BP1-610Economic theory. DemographyHB1-3840ARENIDIslamic Economics Journal, Vol 4, Iss 2, Pp 155-180 (2018)
institution	DOAJ
collection	DOAJ
language	AR EN ID
topic	maximizing utility distributing income justice zakah Islam. Bahai Faith. Theosophy, etc. BP1-610 Economic theory. Demography HB1-3840
spellingShingle	maximizing utility distributing income justice zakah Islam. Bahai Faith. Theosophy, etc. BP1-610 Economic theory. Demography HB1-3840 Ade Nur Rohim Maximizing Utility And Distributing Income Equitably: How does Zakah Impact Both of Them at Once?
description	This paper is a theoretical article that examines how zakah is able to fulfill and increase the satisfaction of a Muslim consumer, even if it reduces the quantity of goods consumed. In addition, this article will also clarify the role and function of zakah in dealing with the problem of economic inequality. Economic inequality is characterized by uneven distribution of income and wealth and only revolves around a handful of people. This made the gap between rich and poor deepening. One of the factors causing the gap is the behavior of consumers who tend to pursue pure utility. So that it fosters greed in itself and increases negative behaviors such as hoarding property, and makes wealth not circulated in the community evenly. This study also identifies the impact of zakat on public consumption behavior which also has direct implications for income distribution. The results of the study show that utility in Islamic economics is a combination of two utilities. Worldly utilities that represent real satisfaction directly felt such as feeling full, happiness in the world, fulfilled their life needs. Also the ukhrawi utility is represented by an increase in faith and piety, and a reward that is expected to be obtained in the hereafter. Where zakah is able to increase the two types of utilities. This concept encourages rich Muslim communities to distribute their income through zakat instruments to the poor. So that the redistribution of income fairly can be realized through zakah, and in the end is able to realize equitable welfare in the community.
format	article
author	Ade Nur Rohim
author_facet	Ade Nur Rohim
author_sort	Ade Nur Rohim
title	Maximizing Utility And Distributing Income Equitably: How does Zakah Impact Both of Them at Once?
title_short	Maximizing Utility And Distributing Income Equitably: How does Zakah Impact Both of Them at Once?
title_full	Maximizing Utility And Distributing Income Equitably: How does Zakah Impact Both of Them at Once?
title_fullStr	Maximizing Utility And Distributing Income Equitably: How does Zakah Impact Both of Them at Once?
title_full_unstemmed	Maximizing Utility And Distributing Income Equitably: How does Zakah Impact Both of Them at Once?
title_sort	maximizing utility and distributing income equitably: how does zakah impact both of them at once?
publisher	Universitas Darussalam Gontor
publishDate	2018
url	http://dx.doi.org/10.21111/iej.v4i2.2963 https://doaj.org/article/067efae809cd4f43bb7ba9624798db4e
work_keys_str_mv	AT adenurrohim maximizingutilityanddistributingincomeequitablyhowdoeszakahimpactbothofthematonce
_version_	1718441357087866880

Maximizing Utility And Distributing Income Equitably: How does Zakah Impact Both of Them at Once?

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