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Essay on Zakat

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ZAKAT AN EFFECTIVE TOOL TO ALLEVIATE HUNGER AND POVERTY IN ISLAMIC WORLDSTUDENTS

ZAKAT: AN EFFECTIVE TOOL TO ALLEVIATE HUNGER AND POVERTY IN ISLAMIC WORLDSTUDENTS NAME: ABDIHAKIM SHARIF ABDIKADIRSTUDENT ID: 10091240COURSE NAME/CODE: THS 401A proposal submitted in partial fulfillment for the requirement of the award of bachelor degree of Islamic Banking, Economics and Finance at Islamic Online University.April, 2019Zakat: An effective tool to alleviate hunger and poverty in Isl...

needs but not fully to sustain themselves and their families Both of

Islam requires every Muslims that has wealth excess of a minimum value (nisab) to be given to eight deserving category, poor and needy the foremost. Wealth flows from the rich to the poor and the needy get Zakat wealth through the zakat system. This gives the poor the opportunity to get rid of poverty and improve their living standards. This income/wealth redistribution narrows the financial gap b...

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