Economic System Debates

History has proved that one of the main reasons for conflicts around the world have taken place because of economic inequality and injustice. Especially, after the industrial revolution, the issue has gained more importance because it is a historical fact that the revolution has only changed the form of slavery and created a huge economic differences or wealth gap between poor and rich people. The revolution created large-scale effects not only in the West but also in the East. With the mechanization and commercialization, goods were produced faster and in…

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Zakat in Islamic Civilization

Zakat means purification, refinement and abundance. Extracting the due share of the poor from one’s belongings given by Allah as rizq (sustenance) nd giving them zakat purifies man from spiritual stains such as stinginess, greed and malicious trespass, and what’s more zakat causes abundance in property, the worship done with properties and money is thus called zakat. Because it is a proof for his sadaqat (or loyalty) of servitude to Allah, charity is also called “sadaqa”. In Islamic jurisprudence, zakat is to give certain mount of alms determined by Qur’an…

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