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Work, wealth, and welfare From Islamic perspective

Author

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  • Hasan, Zubair

Abstract

Work, wealth, and welfare constitute the divine integrative for keeping humans on road to mundane prosperity and spiritual solace. The instruction is to spread in the land after the morning prayers in search of sustenance as manna no more falls from the heaven. And no one gets more than what he works for unless God wills it. There is no limit on having wealth through permissible means but hoarding of wealt is prohibited to curb its concentration in few hands. Personal gains can be sacrificed if that would improve the lot of the weak and the deprived. Maximization of social welfare is the goal, not of individual or sectarian gains. Such must be the basics of an economic system to be called Islamic. This essay elaborates the three concepts – work, wealth and welfare elaborating their mutual relationships in an Islamic framework It investigates the position on ground in Muslim countries.

Suggested Citation

  • Hasan, Zubair, 2020. "Work, wealth, and welfare From Islamic perspective," MPRA Paper 105207, University Library of Munich, Germany, revised Jan 2021.
    • Handle: RePEc:pra:mprapa:105207
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    More about this item

    Keywords

    Work; wealth; welfare; Basic needs; Income floors; social inequalities;
    All these keywords.

    JEL classification:

    • J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies
    • P36 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Consumer Economics; Health; Education and Training; Welfare, Income, Wealth, and Poverty

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