ISLAM AND ACCUMULATION OF WEALTH: AN ANALYSIS ON THE VERSES OF QURAN AND HADITH

Abstract

Islam has introduced a comprehensive system to solve the concentration of wealth. Islam has given a solution to the problem of concentration of wealth through the system of Zakat, Sadaqah, Infaq fi sabil Allah, inheritance, right of Zakat, forgiveness, donation and will. The comprehensiveness of the economic system given by Sarwar Kunin ﷺ can be seen that the Prophet ﷺ struck such a blow on the capitalist system and the communal system that when the golden principles of the Islamic economic system are tested in the practical world, it is based on the reform of the society. The best results come out in such a way that there cannot be any other system that is better, more profitable and useful for the society.