Eiman Ahmed Khaleel Alhashmi, Zayed University

Document Type

Article

Source of Publication

International Journal of Religion

Publication Date

1-16-2024

Abstract

This research paper explores the multifaceted role of Zakat in alleviating poverty within the Islamic economic framework. Emphasizing its significance in preserving wealth and promoting economic stability, the paper delves into various dimensions of Zakat, ranging from its impact on economic cycles to its flexible provisions that safeguard against inflation and recession. The study underscores Zakat's contribution to poverty eradication through the development of human capital, morally and materially, and its role in fostering goodwill and compassion in society. Additionally, the paper discusses Zakat as a tool for preserving wealth, demonstrating its ability to prevent economic crises and redirect money towards investments and economic revitalization. The research concludes by proposing strategies for enhancing Zakat institutions and establishing a global framework for more effective poverty alleviation.

ISSN

2633-352X

Volume

5

Issue

2

First Page

1

Last Page

13

Disciplines

Business | Islamic Studies

Keywords

Economic Cycles, Economic Stability, Human Capital Development, Islamic Economy, Poverty Alleviation, Wealth Preservation, Zakat

Scopus ID

85183447517

Indexed in Scopus

yes

Open Access

yes

Open Access Type

Hybrid: This publication is openly available in a subscription-based journal/series

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