Zakah: a social financial institution for just and equitable distribution of wealth (successful cases from the past and the present)
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The slides highlight: 1) to show how the institution of zakah, which is one of the socio-financial institutions, can collect huge amount of funds to be redistributed to the less fortunate and hence not only narrowing the gap between the rich and the poor but eradicating poverty on annual basis while eliminating riba from Muslim society; 2) current scenario poverty in Muslim countries; 3) current situation of zakah in Muslim countries; 4) current successful cases in Sudan and Malaysia.
Zakat , Poverty , Islamic wealth management , Sudan , Malaysia
Ismail Abdel Mohsin, Magda. (2017, September 23-24). Zakah: a social financial institution for just and equitable distribution of wealth (successful cases from the past and the present). Paper presented at the International Conference on Islamic Awakening (ICIA) 2017, Male, Maldives.