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Zakat and Distribution of Wealth on Islamic Economy
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Journal Article
Zakat and Distribution of Wealth on Islamic Economy
2016
Overview
This paper presents a theoretical approach and an empirical study that demonstrate how the Islamic economic principle, Zakat, can achieving an ideal distribution of wealth. Indeed, if some researches allowed to develop the theory of distribution of wealth in Capitalism or Marxism context, the present research has a new contextual perspective, which is to introduce and implement the Islamic economic model from where emerges the notion of Zakat that plays an imminent role in decentralizing wealth as well as in resolving socioeconomic issues, such as poverty and economic inequalities among people. This statement will be confirmed throughout this paper and will be illustrated by the fact that Zakat have had a significant impact on balancing the economic wealth within society during the precolonial.
Publisher
Center for Political, Economic and Social Research,Centre of Political Economical and Social Research,Centre of Political, Economic and Social Research
