Islamic Principles of Charity and Their Role in Poverty Alleviatio

Authors

  • Dr Ahmad Raza Assistant Professor, Imperial College of Business Studies, Lahore
  • Dr Ghulam Mustafa Anjum Assistant Professor, Imperial college of Business Studies, Lahore
  • Dr Javed Iqbal Assistant Professor, Imperial college of Business Studies, Lahore
  • Dr Muhammad Imran Anwar Assistant Professor, Imperial college of Business Studies, Lahore

Keywords:

Islamic charity, Zakat, Waqf, poverty alleviation, wealth redistribution, social justice, Islamic finance, community support, sustainable development

Abstract

Islamic principles of charity, deeply rooted in the teachings of the Quran and Hadith, play a pivotal role in addressing poverty and fostering social justice. Central to these principles are Zakat, Sadaqah, and Waqf, each serving as powerful mechanisms for wealth redistribution and community support. Zakat, a mandatory almsgiving, ensures that wealth circulates within society, reaching those in need and reducing economic disparities. Sadaqah, voluntary charity, encourages continuous giving, fostering a culture of empathy and generosity that transcends mere financial assistance. Waqf, an endowment for public welfare, provides sustainable resources for education, healthcare, and other essential services, offering long-term solutions to poverty. These Islamic charitable practices are not just acts of kindness but are structured within a broader economic and ethical framework aimed at achieving equitable distribution of wealth and uplifting marginalized communities. By emphasizing the moral obligation of wealth holders to support the less fortunate, Islam provides a holistic approach to poverty alleviation that combines immediate relief with long-term development. In the modern context, integrating these principles into contemporary poverty alleviation strategies can enhance their effectiveness, particularly in Muslim-majority countries. The alignment of Islamic charitable practices with modern socio-economic policies can lead to more targeted, culturally resonant interventions that address both the symptoms and root causes of poverty. This abstract explores the significance of Islamic charity principles in poverty alleviation, highlighting their potential to contribute to a more just and compassionate society. By revisiting these age-old practices, there is an opportunity to harness their full potential in creating a sustainable impact on global poverty.

Downloads

Published

28-03-2024

How to Cite

Dr Ahmad Raza, Dr Ghulam Mustafa Anjum, Dr Javed Iqbal, & Dr Muhammad Imran Anwar. (2024). Islamic Principles of Charity and Their Role in Poverty Alleviatio. Al-Mahdi Research Journal (MRJ), 5(3), 1211–1219. Retrieved from https://ojs.mrj.com.pk/index.php/MRJ/article/view/453