The Nature
of Infaq and its Effects on Distribution of Wealth
Farooq Aziz* Muhammad Mahmud** and Emad ul Karim***
Abstract
Infaq is one of the basic terms of Quran, which is used
in Quran, at almost sixty places. It is basically pious
spending in the way of Allah. It has a significant
importance in Islamic economic principles, with
reference to redistribution of wealth and elimination of
poverty. At different places Quran has described its
different aspects, e.g. its need, conditions, ways and
monetary and non monetary results. It is used by holy
prophet, Peace be upon him (P.B.U.H) at different
occasions to fulfill the needs of individuals and
society as well. In order to ensure the better
distribution of wealth which is the need of time, it is
necessary to follow the orders of Infaq as given in
Quran, and also the guidelines provided by holy prophet
P.B.U.H., therefore, the basic objective of this paper
is to analyze the role of these spending particularly
infaq as a tool of equitable income distribution in an
Islamic society.
JEL. Classification: D30; D33; H12
Key words: Infaq Quran, Allah
