SUPPORTING THE POOR AND DESERVING CLASSES THROUGH CAPITAL

Abstract:Islam places great emphasis on social justice and the equitable distribution of wealth, advocatingfor the support of poor and deserving classes through various forms of capital. This studyexplores the Islamic economic principles that promote financial empowerment of theunderprivileged, such as Zakat, Sadaqah, Waqf, and interest-free loans (Qarz-e-Hasan). Thesemechanisms not only address immediate needs but also aim to provide sustainable solutions byenabling individuals to become self-reliant and productive members of society. The paper furtherexamines how Islamic teachings encourage wealth circulation and discourage hoarding, thusfostering economic balance. Historical examples from early Islamic societies and contemporarymodels are analyzed to illustrate practical applications. By aligning spiritual obligations withsocio-economic strategies, the research underscores how Islamic capital instruments can play atransformative role in poverty alleviation and inclusive development, especially in modernwelfare-based policy frameworks

Publication Details

Journal
Zenodo (CERN European Organization for Nuclear Research)
Published
2025-07-18
DOI
https://doi.org/10.5281/zenodo.16445324
Primary Topic
Islamic Finance and Banking Studies
Type
article
Field-Weighted Citation Impact
0.00
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article

SUPPORTING THE POOR AND DESERVING CLASSES THROUGH CAPITAL

Zenodo (CERN European Organization for Nuclear Research)
Islamic Finance and Banking Studies
article

SUPPORTING THE POOR AND DESERVING CLASSES THROUGH CAPITAL

article en

Abstract

Abstract:Islam places great emphasis on social justice and the equitable distribution of wealth, advocatingfor the support of poor and deserving classes through various forms of capital. This studyexplores the Islamic economic principles that promote financial empowerment of theunderprivileged, such as Zakat, Sadaqah, Waqf, and interest-free loans (Qarz-e-Hasan). Thesemechanisms not only address immediate needs but also aim to provide sustainable solutions byenabling individuals to become self-reliant and productive members of society. The paper furtherexamines how Islamic teachings encourage wealth circulation and discourage hoarding, thusfostering economic balance. Historical examples from early Islamic societies and contemporarymodels are analyzed to illustrate practical applications. By aligning spiritual obligations withsocio-economic strategies, the research underscores how Islamic capital instruments can play atransformative role in poverty alleviation and inclusive development, especially in modernwelfare-based policy frameworks

Zenodo (CERN European Organization for Nuclear Research)
No poverty
Openalex Percentile: Top 42%
Islamic Finance and Banking Studies
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SUPPORTING THE POOR AND DESERVING CLASSES THROUGH CAPITAL · Zenodo (CERN European Organization for Nuclear Research) (2025) | TGRS Research Map | TGRS