The Promotion of Zakat and the Prohibition of Interest in the State of Madinah
Abstract
Prophet Muhammad ﷺ had successfully turned Madinah into an effective welfare state in the modern sense of the term. ‘Interest’ was forbidden without any ambiguity. It was considered to be the womb of social and economic evil. From theoretical illumination to its complete political enforcement, prophet Muhammad ﷺ had prevented the indigenous people from the uncountable bad effects and socio economic repercussions of interest of the time. As an alternative, off course with the commandments of Allah almighty, the system of zakat was established with its intrinsic spirit in response to the interest. Under the light of divine commandments, Muslims, be men or women, with specific conditions like minimum particular amount for a certain period under specific conditions were asked to pay zakat. It was implemented and enforced with all its spiritual and material requirements. The paper argues that the enforcement of zakat should be construed as comprehensive financial system of the state of Madinah. As any modern state, the state of Madinah distributed this amount to the needy and served the citizens. It will provide scientific evidences to support this argument
Dr. Arif Khan Saqi. (2017) ریاست مدینہ میں نظام زکوۃ کا فروغ اور سود کی تحریم و تعدیم, AFKĀR (Journal of Islamic & Religious Studies) , Volume 1, Issue 1.
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