Islamic economic system
Islamic economic system
The Quran and Economy
â?ª Zakat
â?ª Sadqa
â?ª Infaaq (spending in the cause of Allah)
â?ª Economy and pleasant life
â?ª The rights of orphans, widows, etc.(yatama)
â?ª The rights of the indigent (masakeen)
â?ª Standard of setting salaries
â?ª No making of illegal money in an Islamic economy
â?ª No hoarding of money in an Islamic economy
â?ª What to do with the surplus?
â?ª Circulation of Wealth
â?ª Qarooniat: Characteristics of an Exploitative Capitalist
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Zakat
The root of the word Zaka(t) is Z-K-W (za-kaf-waw), which leads to the following meanings:
-To increase
-To grow
-To thrive
-To augment
-To increase in the purity of heart; to increase in integrity
-To befit
Primarily the root denotes an increase or augmentation (particularly of a positive, favourable or auspicious thing or virtue). Some also say that it means "to purify". However, in the Quran AZKA has been used along with ATHARÂ in 2:232. The root , T-H-R (ta-ha-ra) from which the word ATHAR is derived, has the meanings "to purify" but the meanings "to increase, grow, thrive, augment etc." are the primary significations of the root Z-K-W. TAHARA is a negative virtue which signifies being free from dirt, filth or derogatory things. ZAKA is a positive virtue which signifies positive growth and development. The following phrases further clarify the signification of the root Z-K-W.
Za ...