Zakat and Socio-Economic Development
Zakat, a pillar of Islamic faith, holds profound significance beyond its commonly understood charitable aspect. Rooted in the Arabic term “zakat” with multifaceted connotations, one of its primary meanings is “development.” This association between zakat and development underscores the inherent connection between economic growth, progress, and the holistic welfare of society. While often reduced to a narrow interpretation of obligatory charity, the true essence of zakat encompasses socio-economic development in all its dimensions. By delving into the various dimensions and…