Notion of Islamic Charity: An Impulse for Moral Economy

Shahzadi Pakeeza

Abstract


Charity is encouraged by all world religions and promoted as a religious and socio-cultural factor to bring about justice in society. Islam lays down a specific ethical goal of justice, and it is demonstrated by the mode of Zakat, which is made obligatory for all Muslims after profession of faith. It has been institutionalized for giving it stability and reliability for playing its socio-economic role in development and addressing the needs of poor. Islamic framework of charity is categorized into obligatory charity, i.e. Zakat and Voluntary charity given in the form of Sadaqah and donations. Islamic moral value system put down rights and obligation towards the divine being as well as to the fellow human beings. These second set of values keep the share of poor and needy by providing them help directly or through charity organizations and welfare societies working for this purpose. This moral aspect of Islamic economy is the basis of Islamic notion of charity and concept of philanthropy. The redistributive effect of Zakat and the moral and religious dimensions of voluntary charity target the marginalized group of society. This research focus on giving a comparison on different notions of Islamic charity and their implications and impact on society contributing towards moral economy and its ethical dimensions. This aspect of cultivating moral values in Islamic economy while making a comparison between different form of obligatory and voluntary charity is emphasized in this research using an analytical methodology. Finally conclusions are drawn to highlight the prospective role of Islamic charity in alleviating poverty and making contribution towards welfare of mankind.


References


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Mehmet Asutay, Islamic Moral Economy Foundation of Islamic Finance, Islamic Finance & Ethics Society School of Oriental and African Studies (SOAS), 20 March 2014.

Khurshid Ahmad, The Challenge of Global Capitalism, In ‘Making Globalization Good: The Moral Challenges of Global Capitalism’ ed. John H. Dunning, (Oxford University Press: 2004).


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