Authors argue that theoretically, Zakat can promote the higher objectives of a country’s economy. The imposition of Zakat on the assets and business of Muzakki provided the conditions of the haul and nisab have been met encourages the productivity of Muzakki. It urges them to be productive and prudent in their investments. It triggers an increase in labour supply and investments. Zakat transfer leads to higher consumption and spending which is good for the businesses and economy.
Environmental Teachings in Islam
Climate change and environmental degradation is a slow and cumulative process. To protect environment, the efforts also need to be cumulative and consistent. A self-centric secular worldview encourages the self-centric use of private property resources. However, even small things done collectively and consistently can have a larger effect. The two-worldly view of life in Islam encourages socially responsible behaviour as one of the prime determinants of salvage in the life hereafter. Prophet Muhammad (PBUH) said: “If the Resurrection were established upon one of you while he has in his hand a sapling, then let him plant it.” (Musnad Ahmad, Hadith No. 12491).
Sustaining Value-Based Intermediation Initiative via Cash Waqf Models
This study provides insights to the stakeholders of a Cash Waqf infrastructure to continue strengthening their role by understanding the embedded physical and spiritual values and benefits of their acts. It is pertinent for regulators to further encourage VBI among Islamic financial institutions, towards attaining the pure philosophical foundations of Islamic banking and finance; i.e., the principles of socio-economic justice and brotherhood.
Highlights of Global Waste Management Outlook 2024
This report is intended to be a guide for policymakers, governments, industry, and international organizations, providing knowledge, insights, and actionable steps that can be taken toward a less wasteful world. It does not offer a blueprint nor a single route to the goal, since every country will have its own contextual, socioeconomic, and cultural preferences and priorities.
Mapping Issues in Labor Economics: An Islamic Perspective for Research and Policy Development
We are living in a capitalist society where wealth is circulated mostly among the rich. This creates systematic inequality and this issue continues to further exacerbate the hardships faced by the workers. There are various studies on Islamic banking and finance, but the labour side of Islamic economics is not much focused upon and the number of research studies are limited. The purpose of this study as explained by the author is to explore the progress made in labor economics from an Islamic perspective, especially in advancing policies that can improve the well-being of workers.
Review of Global Hunger Index
The 2023 Global Hunger Index (GHI) shows that, after many years of advancement up to 2015, progress against hunger worldwide remains largely at a standstill. As the effects of crises multiply and intensify, more and more people are experiencing severe hunger, with the situation expected to worsen throughout the year.
Critique of Angus Deaton on State of Economics
There is too much focus on efficiency, but equity is ignored and is left to politicians and policymakers. He admits that our recommendations become little more than a license for plunder. He mentions that economists have stopped thinking about ethics and human well-being.
Quantum Regenerative Leadership (QRL) for Sustainability Management
We propose quantum regenerative leadership (QRL) as a new framework that integrates the insights and practices of quantum leadership and regenerative leadership. QRL proposes that effective leadership in the 21st century requires both a quantum mindset and a regenerative mindset, as well as the skills and competencies to apply them in different contexts and situations.
Ensuring Corporate Sustainability
It is important to employ a balanced approach by combining mandatory reporting with penalties for non-compliance. Additionally, incentivize sustainable practices by offering tax credits to companies that surpass the required sustainability standards.
Sustainability Lessons from Fasting
UN Sustainable Development Goal 12 talks about responsible consumption and production. FAO reports that one-third of the food produced for human consumption is lost or wasted globally, which amounts to about 1.3 billion tonnes per year.
Islamic Economics Project 