Zakat Management and Economic Sustainability: United Arab Emirates Model

Zakat Management and Economic Sustainability: United Arab Emirates Model

Tareq Shareef Younus (American College of Dubai, UAE) and Reyaz Ahmad (American College of Dubai, UAE)
Copyright: © 2021 |Pages: 12
DOI: 10.4018/978-1-7998-3452-6.ch008

Abstract

The chapter is an attempt to correlate the subject of zakat as an Islamic duty with sustainable development in all aspects such as economic, social, and other types of sustainability. The chapter deals with a set of interrelated topics to form an integrated knowledge theme on the subject of zakat. Clear distinctions are provided between the idiomatic meaning of zakat and other terms that suggest that it is similar. These terms include zakat, charity, donations, taxes, and other terms. The explanations in this chapter are addressed based on the categories of Islamic law. The information contained in this chapter has been documented according to the principles of Sharia as well as the scientific sources that have approved in the Sharia databases. The chapter also dealt with the latest experiences and practical practices of zakat and its management, represented by the smart and advanced experience in the UAE. It is worth mentioning that the UAE experience has integrated the latest smart and electronic methods in the management of zakat funds.
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Zakat And Economic Sustainability Aspects

Ismail and Abbas (2019) presented comprehensive clarification to the economic sustainability and human needs from Islamic perspective; the Islamic religion offered a variety of solutions to all the problems a person faces in the life. Among these solutions are related to the economic, social, sustainability of life and its human ingredients. Zakat is one of the resources to assure the funding matters in any Islamic community.

Sustainable development in general is the process of developing land, cities and communities as well as business on condition that it meets the needs of the present without compromising the ability of future generations to meet their needs (see Bsiago, 1998) and (https://www.google.com). This concept is an international demand, it is a comprehensive coverage to the basic global community’s needs. The world faces the danger of environmental degradation, which must be overcome, without abandoning the needs of economic development as well as equality and social justice.

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