Introducing Zakat to National Income Accounts

Abstract

The study aimed to demonstrate the importance of economic zakat and its impact on macroeconomic variables such as land development, increased aggregate demand and supply, heightened overall consumption and investment, and the reduction of unemployment and inflation rates. It also sought to clarify the position of zakat within the circular flow of income and national income accounts. To the best of the researchers' knowledge, no study has addressed this issue. The study concluded that it is crucial to include zakat in national income accounts and the circular flow as a separate element. Additionally, the study highlighted the positive effects of zakat on three sectors: household, institutional, and governmental, as well as on national and personal income.