Volume : 4, Issue : 4, April - 2015
Importance of ZAKAT in the establishment of the Society
Akhtar Hussain, Abdullah
Abstract :
<p> Wealth is a most important thing to lead the life peacefully, fulfil the needs and wants, meet other obligatory rights and </p> <div>it plays a significant role for the people specifically for the believers to earn either Heaven or Hell in the earth.</div> <div>In another way Wealth is an “Amanat” from Almighty Allah (a trust that is entrusted to the individual). According to ISLAM mankind will have to </div> <div>account for the wealth that Allah has entrusted to them in the hereafter.</div> <div>In fact, the acquisition of wealth is one of the basic concerns and demands of mankind for survival (for food, shelter and cloth). Wealth–gathering </div> <div>is important for surviving, but it must be subject to the law of moral. Without the law of moral, human life sinks to the level of being oriented </div> <div>around money and could lead to moral decadence. Wealth–gathering is a legitimate activity as long as it does not entail theft, cheating, coercion, </div> <div>Riba (usury), or harming of others.</div> <div>Zakat is an important system of Islamic ideology therefore it plays an active role in establishment of spiritual and social life of the society. The </div> <div>payment of Zakat is mandatory and obligatory for every Muslim whose wealth exceeds the prescribed limit.The system of Zakat is an important </div> <div>source of the stability of the society. The system of Zakat ensures proper distribution of wealth and has wide impact on the entire set up of the </div> <div>society. If Bait–ul–Mal is established as an institution, it will create a collective social security scheme for mutual help and the resources can be </div> <div>further utilized for social development. This research paper is focused on to explicate the significance of Zakat as an institution and to elaborate </div> <div>the impact of Zakat on social life of Muslim society.</div>
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Akhtar Hussain, Abdullah Importance of ZAKAT in the establishment of the Society Global Journal For Research Analysis, Vol: 4, Issue: 4 April 2015