How to Overcome Poverty with Zakat

Abstract

This research paper explores the multifaceted role of Zakat in alleviating poverty within the Islamic economic framework. Emphasizing its significance in preserving wealth and promoting economic stability, the paper delves into various dimensions of Zakat, ranging from its impact on economic cycles to its flexible provisions that safeguard against inflation and recession. The study underscores Zakat's contribution to poverty eradication through the development of human capital, morally and materially, and its role in fostering goodwill and compassion in society. Additionally, the paper discusses Zakat as a tool for preserving wealth, demonstrating its ability to prevent economic crises and redirect money towards investments and economic revitalization. The research concludes by proposing strategies for enhancing Zakat institutions and establishing a global framework for more effective poverty alleviation.