Supporting the Poor and Deserving Classes Through Capital
Year: 2025
Type: article
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
Author: University of Management and Technology
Institution: University of Management and Technology
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W6893337306
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