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What does the Qur’an say about Zakat and its contribution to the economy?

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Muslims believe that the Qur’an is a book of guidance. It provides guidance across all spheres of life – social, cultural, spiritual, political, and economical. In relation to the economic sphere, what does the Qur’an say about zakat and its contribution to the economy? Your assignment task is to write an ESSAY. The essay question is above....

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Question Preview:

Muslims believe that the Qur’an is a book of guidance. It provides guidance across all spheres of life – social, cultural, spiritual, political, and economical. In relation to the economic sphere, what does the Qur’an say about zakat and its contribution to the economy? Your assignment task is to write an ESSAY. The essay question is above.

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As per the books of Qur’an and discussion of the economy in it helps in providing a guideline to understand so many kinds of interpretations of the current conceptual level of the framework of zakat as a standard of the Islamic Economic. For instance, no exhaustive salaries, the jurist of the Muslim Abu Yusef’s Book of Taxation, the jurist of the Muslim along with historian AlMaqrizi in his work based on the history on money as well as researchers like MuqaddimahIbn Khaldun introduction of his book mentioned about different topics of Sharia as per the Islamic law.

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