Zakah: A Comprehensive and Effective Redistribution Strategy for an Economy Ensuring Poverty Alleviation and Distributive Justice
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Date
2015-12
Journal Title
Journal ISSN
Volume Title
Publisher
CRP, International Islamic University Chittagong Bangladesh
Abstract
Zakah ( الزكاة ) which is the third of the five basic pillars of Islam is considered as an integral part of an
Islamic social welfare system since it ensures the rights of poor and needy in the wealth of the rich and as such acts
as a tool for distribution of wealth in eradicating poverty in society. This study discusses the potentials of zakah in
distributing economic justice and alleviation of poverty. Keeping this objective in view, the study attempts to
discuss: a) the concept of redistributive justice from conventional as well as Islamic economics point of view, b)
the well-known schools of thought in political philosophy of redistributing income, and c) the salient features of the
Islamic strategy for the realisation of the desired pattern of distribution. Zakah is designed to eliminate poverty – both in the short- and long-term basis. Besides, being a collection of redistributive measures it has great scope to
play an important role in distributing justice in an economy.
Description
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Keywords
Zakah, Distributive Justice, Social Welfare, Poverty Alleviation, Maximin Criterion, Strategy
Citation
Volume 4; December 2015;81-100; Artical-5