Achievement of social justice through zakat and prohibition of interest

ZAKAT

Zakat is a religious tax and an act of worship to please the God Almighty.

According to Rakiya Ibrahim (2000), :

The idea behind zakat “is to purify wealth and enhance its redistribution within the society and to prevent its hoarding.” 

Certain categories of people are eligible to receive zakat:

👍the poor, 

👍the needy, 

👍debtors,

👍new converts, 

👍slaves, 

👍wayfarers, 

👍zakat officials 

👍and those that fight in the cause of God). 

The types of assets that are subject to zakat are not specified. 

 Mohammed B. Sadr have a point of view according to this matter that “instances of zakat and Nisb [exemption limit] and their amount in each period are determined by ijitihad with regard to the condition of time and place” (Taheri, 2000, quoted from Sadr, 1994: p.237)

Reference: Assist. Prof. Dr. M. Kutluğhan Savaş ÖKTE, FUNDAMENTALS OF ISLAMIC ECONOMY AND FINANCE: THEORY AND PRACTICE (2010), Electronic Journal of Social Sciences, Winter-200 V.9 Is.31