زکواۃ صرف ایک احساس ہے ۔ غربت ختم کرنا ایک معاشی مسئلہ ہے۔

Islam vs Capitalism; A brief comparison 1. BASIC CONCEPT: Capitalism: Needs are unlimited, resources are limited. If resources are increased, it will gradually decrease poverty by trickle down effect. Islam: Needs are either basic or luxurious. Basic needs are right of every human. Resources are enough, they just need to be distributed through proper mechanism. 2. OWNERSHIP: Capitalism: Everything can be owned privately if you have enough money. Islam: Property is either private, public or state owned. Not everything can go into private property. 3. COMPANY STRUCTURE: Capitalism: Separation of owners and management. Owners will get the profit, management will bear the loss. Islam: Rules of partnership must be followed. Owners must be defined and bear the loss alongwith profit. 4. TAXATION Capitalism: Everyone must pay taxes, regardless of being rich or poor. Islam: Poor does not pay tax. Rather state provides from Bait ul Maal to poor. 5. AGRICULTURE AND LAND LAWS: Capitalism: One who owns the land, decides whether to cultivate or not Islam: Land not cultivated for 3 years is taken & given to those who can cultivate. 6. FOREIGN LOANS Capitalism: You need to pay all interest based foreign loans Islam: only principle amount is returned, interest is not allowed no matter what 7. PATENT & COPYRIGHT LAWS Capitalism: Technology is captured by few capitalists through patent laws Islam: Technology can be used & copied by anyone and anyone can develop new technology using idea of old one. 8. DUTIES Capitalism: Importers & exporters must pay duties for their product Islam: There is no duty, except for the importers of Darul Harb (State that is in war with khilafah) with the tit&tat policy. 9. TRADE PARTNERSHIP Capitalism: Partners in stock exchange are not well defined. Islam: You need to define partners and shares. Business should not vague 10. MONOPOLY AND HOARDING Capitalism: Companies can own and store anything and create monopoly Islam: Monopoly is not allowed in any sector, specially food items. 11. EXCHANGE OF ITEMS Capitalism: Exchange item with countries who grow it better than you. Islam: State must be self sufficient, not dependent. State should continuously work on making things better. 12. MONEY PRINTING Capitalism: Currency is FIAT, state is allowed to print money to fulfill requirements, ultimately resulting in inflation Islam: Currency is gold/silver backed. Hyperinflation is very unusual.

The basic purpose of ZAKAT is not end poverty, but the make life of poor sustainable.

Brave argument Sir, charity never solves the problem of poverty or bring self sustainability to society, even our beloved prophet (PBUH) encouraged people to work with their hands. Equal division of land is the right track to prosperity.

Most of the people don't have correct understanding of zakat. It's not charity rather its sort of tax and is collected 2.5% on savings, 5%, 10%, 15% and 20% on profit/salary/income. I recommend watch scholar Javaid Ahmed Ghamdi videos on zakat for further understanding.

Zakat cannot end poverty… but help the poor to reduce their burden (by covering basic needs). Resulting less crimes in long term.

Assalamualaikum Sir, Merai khayal me apkai analysis video ka title “ Why charity cannot solve poverty” hona chahiye instead of “ why zakat cannot solve poverty”. Zakat is not just a charity but it’s an organised system which leads to a systematic development of a community, but we are unfortunate that distribution of zakat in our countries are managed individually not by an trusted ameer. For example: 1. A story of man came to prophet s.a.w as his family was going through faqah( hunger) and prophet s.a.w didn’t gave him money/food but asked him to sell his utensil/bowl and he purchased an axe and some food with the money. That’s how he managed to cut wood every day and look after his family. 2. In the early years of nabuwat the times were tough, Arabs faced scarcity of food, water and money. By the time Islam achieved its peak Arabs found it difficult to distribute zakat as there were no poor. 3. Like I said zakat used to be managed by ameer, It never used to get distributed just in the form of money but for a. Arms and ammunition b. Education c. Training and development d. marriages e. Pension d. looking after widows and orphans Etc

For many years we were made to believe that food shortages were things that only happened under socialism, and that capitalism was superior in providing plenty and plenty of food.

Dr. Sahib, not only jaffria but sunni can also file zakat exemption declaration with Banks

The example of India is not very suitable in this context. India has had land reforms in the past, the biggest being the one implemented in West Bengal. However, despite decades of communist rule, the state still underperforms in key social and economic indicators. And the case is reversed as far as Kerala and Tamil Nadu are concerned. The two states have close to zero poverty, but Kerala still lags behind in industrial development, while Tamil Nadu boasts of the second largest economy in the country. Tamil Nadu is highly industrialised and has an extremely diversified economy, and the state is the most urbanised in the country at over 50% of the population living in urban areas. Tamil Nadu's economy is comparable to the entire economy of Pakistan. It also has extremely low levels of unemployment and poverty (absolute poverty in the literal sense is non-existent). This is due to Keynsian economics which does depend on high and far reaching public sector. Dr Rahman would do very well to study the economics of these three states to see how democratically elected socialist governments (Kerala and WB had communist governments for decades, while TN's politics is completely dominated by social democrats and is mostly left leaning as far as economics is concerned) function in very similar, yet very different ways in the context of the subcontinent. When you clump India as one country, it would become extremely simplistic. And Pakistanis in general tend to view just the North of India as India. I hope Dr Rahman takes this into account while synthesizing problems.

Jazakallah sir! You have explained the root problem of poverty in third world countries with complete neutrality. But I want to add a bit more that, Zakat is a perfect system but its goals can't be until all the institution of the state run in accordance with the Islamic teachings. Mere reforming the economy by introducing Zakat will not work in a society which base on anti-islamic principals

This guy knows very little about Islam. First, Zakat is not a charity. It is very different from Charity. Charity is khairar not Zakat. Second, Zakat is not in vaccuum. It will come with other Islamic restrictions on Capitalism. Let me say his just an idealogue. Other day he was criticising Elon who is leading the technology to just defend his Leftist ideology. I find lot of contradictions in his videos.

If cost of production is decreased due to charity/zalat, then wages will also decrease, hence the producer can use the extra savings from Dec wages to increase means of production via machinery, which will again cause more demand of labor and increase production and hence wealth generation. As our cost of production/wages Decrease then our product will also cost less, hence more can be sold/exported and hence more demand for our products outside of our cities and nation. Also with Dec wages there will be generally less buying power, hence cost of land/house, cost of car, cost of food etc will also Dec with it, causing marginal inflation. Please comment if I am wrong and clarify as well. Would appreciate it. Thank you

Taimur sir please make a video on " History of US Dollars & *How US Dollars became most powerful/strongest currency in the world* "

Sir we want you to make video on books recommendations piz piz piz

As a practicing Muslim who has done his research, I agree with your conclusion. However, you rule out the fact that Islam prohibits usury altogether. 2.5 to 10 percent tax in a system where there is no interest could be enough. Also remember Islam is the religion that challenges capatislim on many many fronts. There are many authentic ahadith on the distribution of land and natural resources. On that front it is close to communism.

The most. Unfortunate thing is Zakat does not reach to it's deserving.

Sir i m shock how you are alive in Pakistan for such a long time.The so long mullas of Pakistan does not let live your type of intellectual people's for so long.Stay safe sir and keep uploading these type of vidoes to keep educating youth just like me

Beside land reforms, what is your view on small industries that encourage means of production at the lower level?

When was zakat ever intended to stop capitalism? Maybe in the future there are new problems besides capitalism. Purpose of zakat is to feed the poor. And Allah makes sure that your zakat reaches them if you give it in good will

Only zakat can't eliminate poverty. It's very much true. Economic system of Islam prohibit 'interest' at the first place and after that orders it's followers to pay zakat. Stressing to pay zakat won't work until or unless interest is abolished.

Access to Land/distribution is must. Thanks

I agree with the fact of access to lands. In the ancient times, people had small land, they grew up their own food, they had animals they used to drink their milk and eat their meat. Now people are crying egg is 20 Rs and its useless. Potato, tomato, coriander, everything is expensive and people are always blaming eachother.

Zakat is not a charity. In fact, Islam discourages charity. Zakat is just a social responsibility. It is the right of society on an individual. Individual must be socially responsible. If you give zakat, you should not consider it as you are doing a favor to someone. It is a must. You have to do it. It is a mandate from God. A trust.

Sir, pls start a channel in English so that non Urdu people can also understand these concepts.

I think when we talk about demand and supply system: when the true system of zakat is implemented in a system it will provide basic necessities to labour class like excess to food, education and other basic necessities. So, if Capitalist class try to keep wages lover or exploiting labour class, people have social security in a system of zakat system and they are protected if they can't do any thing, they try to avoid exploited by these Capitalist and the demand for labour increases...... And the increased demand for labour also have positive impact on the wages of the labour class..

Cannot take one item and think that it cannot solve the problems of the society. In islam, you need the complete Islamic economics to provide relief to the society.

Zakat saves people from hunger. It's specially for those who don't have enough money to fulfill their basic needs. It's not a source of income. It's connected to our moral values and connected to virtues. I think providing work to someone is better than giving zakat.

Very nice explanation for capitalism & zakat. But in my underdtanding zakat is not for poverty allevation directly.its the amount of tax which at max government can claim from its citizen. So there is fixed amount on savings(2.5%after 1 year) and also on income(5%,10%or 20%,detuctable at source ).but government can not claim any other tax technically.e.g duties and registration costs . My understanding mostly based on Javid Ahmed Ghamdi's disscussion over zakat.

Excellent work! Kindly, if you will, continue your series on Das Kapital, it was extremely helpful.

Education and Health should be provided by Govt, with the minimum valuable salary cap to all public and private sector

Please be informed that Sunnis can submit affidavit to the bank for not deducting zakat from their accounts as they will want to pay zakat privately.

I am big fan of your videos. I would request you that pls make a video how to read philosophy…. I have started reading philosophy in English but I couldn’t understand I thought my English is bad I also tried to read in Urdu but it is more difficult. Thanks

*Sir Qs* : What about incentives? Progression? If socialism gives subsistence, free education and health, wouldn't it make progression stagnant as basic needs are met in any case? and more importantly, what is the cost of free education & health? Isn't it similar to charity balancing wages concept you explained? Please clarify.

Abolition of riba is a basic and fundamental thing in Islamic economic system. So zakat coupled with interest free society is key. Complete restriction on riba is master stroke of Allah Almighty to solve problem of insane wealth inequality and abject poverty. Yes you are right.. land reforms is necessary. Lending land to farmers by feudals to get profit or rent at all cost is also banned in Islam

dont give anyone fish, "just teach them how to catch fish." !

The biggest tragedy of Dr taimoor Rehman is that he is introducing zakat system in the economic system of capitalism. Islam has its own economic system. There are explicit ayyat and hadiths on the production of wealth, distribution of wealth, division of wealth and assimilation of wealth, which suggest that Islam has its unique economic system. Of course introducing zakat in the capitalist system of economics.

Reallocation of resources is the key of economic development. In cities most of the land is occupied in unproductive ways. Shopping malls occupy large area of land. Land areas are utilized in building housing societies and factories.

Does zakat advocate sharing economy? What is the purpose of zakat? What impact does it make on society as a whole? Sir kindly make some video to clarify above questions or share link if you already made one.

عمدہ معلومات... سر ایک گزارش تھی کہ جن ڈاکومنٹس کا آپ حوالہ دیتے ہیں ان کا اصل لنک یا گوگل ڈرائیو پہ اپ لوڈ کرکے اس کا لنک ڈسکرپشن میں ڈال دیا کریں... عنایت ہوگی... یہی 15 اکانومسٹس والا مضمون نہیں مل رہا مجھے...

Your argument is valid, as there was not capitalism Makkah in those days of prophet Muhammad PBUH, while at the same time the elites of Makkah had no regard for most of the ppl of Makkah. If Prophet PBUH had ever introduced the Zakat in that existing social structure, there would be no impact on the well-being of common man because of the already existing political structure which the elite used only for their self interest without any principles. So a social structure based on cruelty can't be ameliorated with charity. While Dr Saab Islamic economic system is not only based on Zakat, there is a complete procedure of Social Change.

Excellent explanation sir. جو لوگ اسلامی نظام کی بات کرتے ہیں ان کو اصل میں پتہ ہی نہیں اللّٰہ کا نظام کیا ہے۔ اللّٰہ کا نظام یہی ہے کہ دنیا میں کسی کی حق تلفی نہ ہو اور انسان شیطان کی پیروی سے بچے۔ اس کے لئے مختلف طریقہ کار وقتاً فوقتاً بنتے رہتے ہیں۔ آج جو سوشلزم کی شکل میں ایک فلسفہ ہے اس میں کچھ اصلاحات کر کے اسلامی معاشروں میں نافذ کیا جا سکتا ہے۔ ہر نظام کے پیچھے ایک لمبا فلسفہ ہوتا ہے۔

What if the state uses billions of rupees of zakat to help the poor class establish their own means of production ( businesses )?

Sir you didn't Understood Zakat well because Zakat is more of a personal tax like income tax not corporate. Corporate taxes or taxes on production are seprate in Islam like Ushr on crops. As there was no concept of Industry in early ages so there was no well defined corporate tax rules but those who study jurisprudence could make rulings on this following islamic teachings.

Islam also ends the system of interest. The same verses that prohibit usury are surrounded by verses that promote charity and verses that set the rules for loan.

Assalamu Alaikum and Jazak Allah khair for the content. Agree with your point regarding "Access to land" but one concern though... Islamic economic/financial System does not only mean "Zakat" it actually includes "Fair collection and Fair distribution of Zakat" . Without being fair/just no financial/economical system can succeeded. In 2 years of Omar bin Abdul Aziz no one was left to collect Zakat due to fair distribution of it. We have to implement full Islamic Eco system to get and gain it benefits of it and transparency and Justice are of prime importance in it. Demand and supply and its effect to prices is a natural and ancient thing I dont know why you related to 16th century capitalism. I think we should study Omar Bin Abdul Aziz reforms to understand how in short time financial situation of a country/emirate can be changed.

He is confusing zakat with sadaqah. Zakat is a tax that any collective system is allowed to collect. 2.5% on wealth. 5% on gross revenue in activities of labor + capital. 10% if either only labor or capital is employed. 20% when neither is used (resource extraction etc.). This restriction on taxation limits the size and overreach of governments to wage wars and oppress people. The great blessing of Allah. The land reform he is referring to, I guess, is De Soto Mystery of Capitalism. It's not the land, property title clarity and enforcement which create collateral for capital formation.

What about investing zakat money in human capital? Access to land is one thing but developing market based human capital by targeting the poor will lift them from poverty because they will be able to earn more. Your thoughts on this please?

جتنا جتنا ایدھی ٹرسٹ سہولتیں فراہم کرتا جاتا ہے ہماری حکومتیں اپنہ ذمہ داریوں سے ہاتھ کھنچےی جاتی ہے

Interesting analysis. The way I see it, you have analyzed the use of zakat and concluded that it is of no use in current capitalist system, please correct me If I have understood it in a wrong way. Why not to put it this way? The way we are giving away our zakat needs to be changed. Rather than just giving it away for food and things, why not to use it to make sustainable economic solutions available for poor. So, yes! zakat is the solution. How to use it is the question kept open by Islam and the answer is dynamic and to be decided as per the needs of the time. But, this solution also brings another question on table. How to involve people, like people with special needs, into economic cycle to help them meet their ends need? So, it means both of the things need to be run in parallel. We can apply 80/20 rule here, just a random thought. Last but not least, thank you for sharing this analysis. It really was a food for thought. It changed my perspective on dispatch of Zakat.

Statement about feudalism is great logic behind poverty of our country

Same goes for Khums for those wondering. It dun do sh**

Sir ,there is a book on your book shalf behind you,piz tell me about that book

no doubt Sir you have an authentic argument but Sir it is possible with zakat if we utilized it with a proper way

Sir, after ayub's ascendency to power he reformed the land tenure system of Pakistan, but he couldn't implement it true letter and spirit which further deteriorated economic conditions at that time, as he was religiously following the Harvard's trickle down effect which confined the mosy wealth to top 20 families of pakistan. Granting land can never be panacea to avert the social and economic disintegration, this should be well backed by proper finances to cultivate these lands.

Sir, let me create a scenario where Zakat is the only tax which businesses have to pay after a year. Consequently, it will attract more investments and opportunities will be created. As a result, demand of labor will rise and poverty will be eliminated in the capitalism. Isn't that be also a case in capitalist society after implementing Zakat System. Please give me your expert opinion. Thanks. 😊😊😊

Zakat is just like first aid in medical term. زکواۃ سے آپ کسی کو وقتی و فور طور پر کسی کی مدد کرکے فوری طور پر سنبھلنے کا موقع اور سہارا دے سکتے ہیں ۔

Great efforts sir, really hats off... Love and huge respect from UAE.... Sir also highlight the grave issues of Pakistan and their mature solutions..... It's highly appreciatd efforts... And your critical analysis is amazing...

sir increase the encoded volume of your videos

Interest whether taken on land or from capital is the single source of inequality and obscene poverty. Land and capital cannot be lended on interest for production. This with the additon of zakat system had removed povery in past like for example in the era of Khulfa e Rashideen and can do it again JazakAllah

Zakat is obligation from God. It still needs to be carried out even though it won't end poverty. It is an obligatory duty. Furthermore, the objective of zakat is not to end poverty. It is just a social security system. As western countries collect taxes & use those taxes for social security. Zakat is just that kind of security. The difference is that Zakat is obligation of Allah. You have to pay it, no matter how it is impacting the society. China has pulled out 800 million from poverty but there are still poor in China. The same is the case in the west. There are old people, who are unable to work. There orphans who cannot work. There are women of children who, albeit working hard, would find it difficult to make ends meet. There needs to be a social security system. Every country has it. For Muslims, we have it in the form of Zakat. According to census.gov, there was 11.4 percent poverty in USA in 2020, up from 10pc in 2019. Recently, I have seen many scholars & organizations saying that we need to change shareholder capitalism to stakeholder capitalism, because problems of economy can be solved in this way. Zakat is a stakeholder system, not shareholder system. In conclusion, zakat is not there to end poverty. It is an obligation from God. If you want to end poverty, then you need some robust economic program. Although there will always be poor in the society and society needs to be able to support them. You cannot eliminate poverty completely.

Zakat isn’t charity/aid. Zakat forces billionaires to throw money in market again. Zakat prevents clotting of billions of dollars & maintain circulation of money. Which results in more production, more prosperity.

Very true. At the very best what Zakat and charity does is mitigate the suffering of the underprivileged, not eliminate it. No Muslim should be claiming that. Please correct if I am wrong, but are you suggesting to substitute the reallocation of land ownership over giving Zakat? You haven't explicitly said so but your solution seems to be as unidimensional as those suggesting Zakat would solve all problems. Granted you have given examples of China and Vietnam as successful models. Here are a few thoughts I would like to share: Isn't social reality surrounding poverty, especially in rural and peri-urban settings, more complex than just to reduce the issue to only focus on the ownership of land and its access through redistribution? How does transferring land ownership address the vacuum of basic healthcare services on which human wellbeing is contingent? Educational services to increase chances of social mobility? How does it address malnutrition considering the variance of climate and agricultural produce across the world? Empowering oppressed women? Mental health? Digital services? Adapting agricultural practices to climate change? How is your suggestion equipping rural areas from not being disenfranchised from the newly emerging AI economy? Are we just assuming that once they have land they will slowly be able to solve all these problems all by themselves? Do rural communities even have enough time to build such capacities?

We are totally agree with your thoughts but you have taken misconception about Zakat that it is given to any person not eat Food, it is given to utilize, to expand the source. For example, any person gives you 5000. It doesn't mean that you go at expensive restaurant to eat but it is given to extant your source through any pity business such as Rehri of Fruits or some thing else. Otherwise, Video is good

Muslims had to left this capitalism and socialism and make a new economic system.

AJ ki video pay first like b mara tha .

Dr. Sahab, Zakat jo Govt. Collect kaarti ha wo agar laana k bajay Zakat deena laagjay Unemployment allow etc than Hunger can reduce or not

According to Quran there is no zakat as of Hadith books state but definitely it contradicts . Quran doesn't contradict , according distribution of Quran you have solution of the poverty and any social problem but the conflict takes place after looking up Hadith books.

To be honest, the whole system of zakat in today's world is outdated. Reason being that we know pay taxes on our income and spending in the form of federal, provincial and municipal levels. Then there is sales tax that is included in the price. Then there are duties that are embedded in the price of products and services we buy. The idea is zakat is strictly social welfare, which should be taken out from the taxes we pay above under the responsibility of the government.

Sir it is a very very humble request to u that make a bullet outline at the end or in the start of lectures that what are we going to cover in this video. It will help me as well others alot. I hope u keep my suggestion.....your loving subscribers

Sir, thumbs up to your scholarly arguments but please improve your sound quality

Doesn't this prove the argument that Islam is a complete system? Just endorsing Islamic economic system without it's social and political system won't fix the crisis?

A thought provoking lecture as always and agree on the basic point. But wish you had touched upon minimum wage levels. That will surely put a floor under wages at least in the organized sector or urban areas. If so, then arguably poor folks will move to the cities to look for work like in China this raising prices of labour in rural areas due to tight supply.

میرے فہم کے مطابق ، قران جو معاشی اصول بتاتا ہے اسکے مطابق ، زکوہ = funds, اور صدقات = tax, ایک اسلامی /قرانی ریاست لوگوں سے ٹیکس/صدقات لے گی ، جس سے فنڈر/زکوہ ان پہ خرچ کرے گی معاشی، تعلیمی و دیگر نشوونما /ترقی و ترویج کے لئیے ،

There is NO SYSTEM that can eliminate poverty forever. This is true for all systems including capitalist, socialist, communist, and so called Islamic systems. The underlying teaching of zakat is conscious moral intervention by the God fearing people at individual level. This type of moral intervention is needed at the govt. level too. In physics we know that it is impossible to make a perpetual machine. Similarly in economics it is impossible to design a system which is inherently fair. Dr. Rehman is correct in criticizing the naivity of those who believe that zakat as a system alone would do the magic. But the same was true for many communist countries in the twentieth century. Soviet Russia had to import grains to feed its impoverished people. China escaped poverty only after economic liberalisation. Scandinivian countries on the other hand implemented a high tax (zakat) welfare system. It is CONSCIOUS moral intervention on a continual basis that can keep a system flexible. But what is the source of moral values for a secularist?

میں آپ کی بات سے مکمل اتفاق نہیں کرتا حالانکہ میں بھی سرمایہ دارانہ نظام کے خلاف ہوں.. آپ کو یہ کہنا چاہیئے کہ "صرف خالی زکاۃ ادا کرنے سے غربت مکمل ختم نہیں ہو سکتی" نہ کہ یہ کہ "زکاۃ سے غربت سرے سے ہی ختم نہیں ہوتی"..ہمیں یہ دیکھنا ہوگا کہ سبھی زکاۃ نکالتے؟ اور جو نکلتی وہ بھی حقداروں تک کتنا پہنچتی؟

Good effort my dear bro ; I always waited for it and now I download it and listen it later

HE IS TALKING ABOUT THINGS HE HAS LITTLE KNOWLEDGE , MOSTLY ACQUIRED BY READING WESTERN SOURCES . MODERN CAPITALISM IS A (INTEREST BEARING ) DEBT BASED MONETARY SYSTEM . WHERE DEBT IS CREATED BY FRACTIONAL RESERVES . OUT OF THIN AIR AND CANNOT BE PAYED WITHOUT TAKING ON MORE % BEARING DEBT RESULTING IN WEALTH CONCENTRATION WHICH IN TURN LEADS TO MORE POVERTY.

This person is encouraging socialism. The socialism that could not stand up to capitalism. There has been so much criticism of socialism in the West and so many defects have been shown in it that in today's era, if someone is a supporter of communism or socialism, his intelligence can only be mourned. Now a person of such intellectual is criticising the economic system of islam without knowing anything.He is mixing charity with zakat . It's a simple fact by keeping only one aspect of a certain thing in mind how can u criticise or nullify the whole system.

In Bagladesh there is no feudalism. It is, therefore, reaping the benefits of just equality of resources available to its people.

Really a creative analysis, one may agree or disagree but with cogent arguments . Nothing is absolute, discussion gives right direction. Question arises that after 1947 in Pakistan who responsible to derail the land reform process. No doubt land reform in present times solution for poverty in Pakistan.

How land reforms? Giving equal amount of land to all poor people? If so, then the land would be divided and the production won't be so high.

Zakat is part of the bigger system of Shariah Laws. So aik System ky law ko isolate kar ky aik foreign system main baat karny ka koi faida nahi

Sir government zakat system be rakhe aur sath mien minimum wage bhi ho labour ke liye phir kaisa hoga

Zakat can be a source for the government to fund support price mechanism. In a perfectly competitive market, the government can so much intervene as to fix the quota of production that producers or firms has to sell to the government and the rest can be sold in the market. That quota can be funded through zakat and make its way to Utility Stores. Zakat is not cash handouts as Prof sb has assumed (he is not to be blamed since he has only seen this kind of Zakat because there is no Islamic government today who may implement zakat based welfare economics).

It is also subject to racism; i.e. if you are a syed blood you don't get it. This is not ethical by any means.

Sir, Is Islamic economic system totally depends on zakat? I think there were other factors for analysis and practical.plz discuss more

sir,, kal government ney jo ghiar zaroori cheezo per pabandi lagadi,,,kiya is sey Pakistan economic crisis sey bach sakta hai?

What was the economic system in Medina, and how did economic system of muslim markets in Medina differ to Jews Market.

Your initial statement that most of the people in Pakistan pay zakat is an exaggeration and fact is that only 5% pay zakat in a proper manner. According to your given scenario its the capitalists who are more powerful than the state and capitalists will dictate their terms. Whether its access to land or collection of taxes or zakat its the state that ensure enforcement of law and make each and every individual a law abiding citizen. Only solution is Islamic Financing NOT Islamic Banking that is again a flip side of or Oxy Moron of Fractional Reserving.

برائے مہربانی ڈاکٹر امجد ثاقب کے ادارے اخوت کی چیرٹی اور ماڈل پر بھی ایک ویڈیو بنائیے۔ بہت شکریہ۔

Bawa G....justic not zakat.....zakat is just there to help poor ....to end poverty only one way justice

kia capitalism kay bagair dunia survive kr sakti ha ? ya is say behtr koi aur econimic system bhi ha ? ya bnaya jasakta ha ?

Great one and brave one ...

Zakar alone was never enough that is why Jizya was also imposed, close to 5-50% on non-Muslims. That model may work.

Maybe asset creation should be done instead of liability creation

Kamal Kar Dia Sir g... zabardast Arguments...

I think there is a flaw to this argument he is right that access to land can decline poverty but for some time because land is limited and as population increases the land doesn't so farmer has small landholding by which they cannot earn that much suicide of farmer is due to this reason in china most of land is owned by govt they became rich whenthey allowed capitalism in SEZ which bought investment into country and for that developed their infra which developed more industries which provided more employment and which reduced more poverty. Communist use clever words to tell lies about shortcoming of captalism.

Concept of Zakat has not been explained in true sense. Zakat is Islamic tax which is to be paid on income and Usher is a tax on agricultural production I have explained the real concept in my book " 7th Century Madina Economics: The First Economic System of Mankind" This book was first published in 2020 in English language and now its Urdu version has also come in 2022. I am Muhammad Munir Ahmed former Chief Manager State Bank of Pakistan Lahore..

Zakat has nothing to do with capitalism. Zakat is tax a govt in Islamic society can take. The max ratio has been set. Not like these days every other day govt enforce a new tax by itself. Govt has to run its affairs within the budget of zakat. Unlike these days govt spend first and then look for money.