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Zakat and Distribution of Wealth on Islamic Economy: Case of Morocco

Year 2016, Volume: 2 Issue: 3, 151 - 160, 01.11.2016

Abstract

This paper presents a theoretical approach and an empirical study that demonstrate how the Islamic economic principle, Zakat, can achieving an ideal distribution of wealth. Indeed, if some researches allowed to develop the theory of distribution of wealth in Capitalism or Marxism context, the present research has a new contextual perspective, which is to introduce and implement the Islamic economic model from where emerges the notion of Zakat that plays an imminent role in decentralizing wealth as well as in resolving socioeconomic issues, such as poverty and economic inequalities among people. This statement will be confirmed throughout this paper and will be illustrated by the fact that Zakat have had a significant impact on balancing the economic wealth within society during the pre-colonial era in Morocco.

Year 2016, Volume: 2 Issue: 3, 151 - 160, 01.11.2016

Abstract

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Details

Other ID JA88CE77DV
Journal Section Articles
Authors

Hamida Lahjouji This is me

Khalid Rouggani This is me

Publication Date November 1, 2016
Published in Issue Year 2016 Volume: 2 Issue: 3

Cite

APA Lahjouji, H., & Rouggani, K. (2016). Zakat and Distribution of Wealth on Islamic Economy: Case of Morocco. International Journal of Islamic Economics and Finance Studies, 2(3), 151-160.

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