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© Zakat & Waqf: Impact on Women and Community Development
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not merely a financial transaction but a means of cleansing one's heart
from negative traits such as greed, selfishness, and arrogance. By giving
zakat, individuals are encouraged to detach themselves from excessive
attachment to wealth and share their blessings with those in need,
fostering a spirit of generosity and compassion.

The Hadith narrated by Bukhari and Muslim, which mentions that all
rewards will be cut off after death, except for three things, further
underscores the perpetual benefits of zakat. This concept of "shadaqah
jariah" refers to continuous charity, and zakat is a prime example of
such charity. The continuous reward of zakat suggests that its impact
extends beyond the material realm, carrying spiritual benefits that
persist even after one's lifetime.

Many Muslim economists and scholars, as mentioned by Sabahaddin
(2001), agree that zakat can have a multiplier effect on the economy.
By redistributing wealth to those in need, zakat can help alleviate
poverty and improve the living standards of the less privileged. The
infusion of funds into the hands of the less affluent can increase their
purchasing power, leading to an increase in demand and economic
activity. This, in turn, can stimulate production, boost employment
opportunities, and contribute to the overall growth of the economy.

Zakat is considered an essential component of the mu’amalah system,
which encompasses human activities related to the exchange of utilities
to meet material needs. By integrating zakat into the economic system,
Islam promotes a balanced approach to wealth distribution and social
justice. The compulsory nature of zakat ensures that the wealthier
members of society contribute to the welfare of the less fortunate,
fostering a sense of social responsibility and solidarity.

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