RIBA VS ZAKAT DALAM PERPEKTIF EKONOMI ISLAM

A Broader Definition of Riba

The paper analyzes different interpretations of riba and discovers that the main source of confusion about the concept has been misunderstanding of riba in hadith in general and riba in barter exchange with a time lag, hereafter called riba in barter loans, in particular. A majority of jurists has, so far, either overlooked riba in barter loans or has included it in the category of trivial riba...

Islam Almasri_TOCSJ

Recently, a number of methods have been proposed to improve image retrieval accuracy by capturing context information. These methods try to compensate for the fact that a visually less similar image might be more relevant because it depicts the same object. We propose a new quick method for refining any pairwise distance metric, it works by iteratively discovering the object in the image from t...

Islam in local contexts: Localised Islam in Northern Pakistan

As Clifford Geertz remarked in his Islam Observed (1968), the idea of a ‘changing’ religion is a contradiction in terms, as religion is fundamentally concerned with what is permanent and eternal. Still, one way to come to terms with religious change is to consider the many ways that religion is interpreted, by laymen and scholars alike. Social anthropologists like myself have naturally found a ...

Islam in the West: From Immigration to Global Islam

Fiscal Policy in an Islamic Economyand the Role of Zakat

This study incorporates Zakat into a simple macroeconomic model of an Islamic economy and analyzes the role of Zakat in the national income determination. The reduced form aggregate consumption function suggests that the determinants of consumption are: Zakat expenditure, taxes, income, and asset holdings of individuals. Zakat could be used as a counter-cyclical policy through the discretionary...