Reducing poverty and income inequalities : current approaches and Islamic perspective
Author
Source
Journal of King Abdulaziz University : Islamic Economics
Issue
Vol. 31, Issue 1 (31 Jan. 2018), pp.93-104, 12 p.
Publisher
King Abdulaziz University Scientific Publishing Center
Publication Date
2018-01-31
Country of Publication
Saudi Arabia
No. of Pages
12
Main Subjects
Social Sciences (Multidisciplinary)
Islamic Studies
Topics
Abstract EN
The Islamic approach to reducing (income) inequalities and alleviating poverty focuses on the mechanisms historically used and succeeded in reducing inequalities.
Both obligatory (zakāh) and voluntary (ṣadaqāt) mechanisms are used to motivate the rich to spend generously on poverty reduction programs.
It is an obligation on the rich to pay the compulsory (zakāh) on their wealth but they are also encouraged to spend more above the obligatory sum by way of charity (ṣadaqah).
In return, they are promised eternal bliss and everlasting happiness in the life to come.
On the other hand, zakāh evasion is considered a punishable crime (in this life and the hereafter) and denying the zakāh altogether is equivalent to rejecting Islam.
This belief in reward and punishment plays as a strong incentive and motivation for charitable behavior.
Hence, effective collection and utilization of the proceeds from zakāh and ṣadaqāt are the mechanisms advocated by Islam to redistribute wealth and reduce income inequalities
American Psychological Association (APA)
Bashir, Abd al-Hamid. 2018. Reducing poverty and income inequalities : current approaches and Islamic perspective. Journal of King Abdulaziz University : Islamic Economics،Vol. 31, no. 1, pp.93-104.
https://search.emarefa.net/detail/BIM-783282
Modern Language Association (MLA)
Bashir, Abd al-Hamid. Reducing poverty and income inequalities : current approaches and Islamic perspective. Journal of King Abdulaziz University : Islamic Economics Vol. 31, no. 1 (Jan. 2018), pp.93-104.
https://search.emarefa.net/detail/BIM-783282
American Medical Association (AMA)
Bashir, Abd al-Hamid. Reducing poverty and income inequalities : current approaches and Islamic perspective. Journal of King Abdulaziz University : Islamic Economics. 2018. Vol. 31, no. 1, pp.93-104.
https://search.emarefa.net/detail/BIM-783282
Data Type
Journal Articles
Language
English
Notes
Includes appendix : p. 103
Record ID
BIM-783282