Zakat has a huge positive economic effect on the society. It helps solving poor and needy problems. It plays a significant role in wealth and resources redistribution and encourages better productivity.

Economic benefits of zakat

1-It plays a very important role in the redistribution of wealth and income.

2-It goes a long way in solving the problems of the poor and the needy.

3-It is instrumental in the redistribution of resources among the different areas of investment and consumption.

4-It encourages better productivity and greater consumption.