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The Nature of Infaq and its Effects on Distribution of Weal

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  • Aziz, Farooq
  • Mahmud, Muhammad
  • Karim, Emadul

Abstract

Infaq is one of the basic terms of Quran, which is used in Quran, at almost sixty places. It is basically pious spending in the way of Allah. It has a significant importance in Islamic economic principles, with reference to redistribution of wealth and elimination of poverty. At different places Quran has described its different aspects, e.g. its need, conditions, ways and monetary and non monetary results. It is used by holy prophet, Peace be upon him (P.B.U.H) at different occasions to fulfill the needs of individuals and society as well. In order to ensure the better distribution of wealth which is the need of time, it is necessary to follow the orders of Infaq as given in Quran, and also the guidelines provided by holy prophet P.B.U.H., therefore, the basic objective of this paper is to analyze the role of these spending particularly infaq as a tool of equitable income distribution in an Islamic society.

Suggested Citation

  • Aziz, Farooq & Mahmud, Muhammad & Karim, Emadul, 2008. "The Nature of Infaq and its Effects on Distribution of Weal," MPRA Paper 15456, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:15456
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    Cited by:

    1. Mohammad Zulfakhairi Mokthar, 2018. "Penang Muslims’ Perception on Factors Influencing Intention to Give Cash Waqf," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 8(5), pages 877-887, May.

    More about this item

    Keywords

    Infaq Quran; Allah;

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • D33 - Microeconomics - - Distribution - - - Factor Income Distribution
    • D30 - Microeconomics - - Distribution - - - General

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