Halal conception and other factors affecting income distribution in Islam

Author

Latif, Sahraman Hadji

Source

International Journal of Islamic Economics and Finance Studies

Issue

Vol. 5, Issue 3 (30 Nov. 2019), pp.1-15, 15 p.

Publisher

Centre of Political Economical and Social Research

Publication Date

2019-11-30

Country of Publication

Turkey

No. of Pages

15

Main Subjects

Economy and Commerce
Islamic Studies

Abstract EN

This paper examines and analyses the vital role of halal conception and its impact in mitigating and reducing the problem of unjust income distribution in our society.

It also further expounds some relevant approaches to different economic systems in addressing income inequality.

Generally, the conception of halal earning is not only associated with consumptions and devotional acts.

Halal, in general, is a term that encompasses all aspects of lawful and unlawful in Islam including economic activities.

For Muslims, halal earning is not only mandated by the Almighty God, but it is also indispensable for the acceptance of their religious acts.

In relation to its significance in society, halal conception has indisputable impacts on the socio-economic problems of our society.

Undeniably, one of the challenging economic issues in our society is the continuous rising of income inequality where the rich become richer and the poor become poorer.

This unjust income distribution not only widens the undesirable gap between rich and poor people but also empirically brings socio-economic predicaments in our society.

However, the conception of halal earnings is of remarkable mechanism can response the issue of unjust income distribution.

Halal earnings can allocate economic resources efficiently and reduce income inequality in our society.

The rising concentration of wealth in the hands of few rich individuals has something to do with high returns from proliferation of unlawful professions and economic activities in our society.

American Psychological Association (APA)

Latif, Sahraman Hadji. 2019. Halal conception and other factors affecting income distribution in Islam. International Journal of Islamic Economics and Finance Studies،Vol. 5, no. 3, pp.1-15.
https://search.emarefa.net/detail/BIM-975646

Modern Language Association (MLA)

Latif, Sahraman Hadji. Halal conception and other factors affecting income distribution in Islam. International Journal of Islamic Economics and Finance Studies Vol. 5, no. 3 (Nov. 2019), pp.1-15.
https://search.emarefa.net/detail/BIM-975646

American Medical Association (AMA)

Latif, Sahraman Hadji. Halal conception and other factors affecting income distribution in Islam. International Journal of Islamic Economics and Finance Studies. 2019. Vol. 5, no. 3, pp.1-15.
https://search.emarefa.net/detail/BIM-975646

Data Type

Journal Articles

Language

English

Notes

Includes bibliographical references : p. 14-15

Record ID

BIM-975646