Benefits of Zakath in Mentaining the Economy?

Answered By Dr Zakir Naik,As far as economy of a society concerned unlike capitalism or socialism the economic order of Islam is based on the principal that everything in this earth, everything in the universe belongs to Allah (Subhanahu wa Ta’ala). He is the owner of everything in the universe and Allah (Subhanahu wa Ta’ala) is the Creator, Sustainer, Cherisher and the Owner of everything that exists in this world and in the universe, based on this principal, Allah says in the Quran in Surah Noor ch. no. 24 verse no. 33 that “Give in charity out of the means which Allah (Subhanahu wa Ta’ala) provided you, it is Allah (Subhanahu wa Ta’ala)’s wealth and Allah has made us trusties, Allah is asking us to give out of the means He has provided us”Allah repeats the message in Surah Hadid ch. no. 57 verse no. 7 that “Give out of the sustenance which Allah (Subhanahu wa Ta’ala) has made you a heir of”
What Allah has given you the property, the substance, give out of that. So we as human beings are the trustees or vicegerent of Allah (Subhanahu wa Ta’ala). So it is the wealth of Allah (Subhanahu wa Ta’ala) that’s the reason we have to spend it and earn the wealth according to the commandments of Allah (Subhanahu wa Ta’ala) since it belongs to Him. And there are various guidelines given in the Qur’an how the wealth should be earned and distributed and spent. As far as how the wealth should be earned there are various prohibitions that you cannot earn this way otherwise everything is Halaal.Allah says in the Quran in Surah Baqarah ch. no. 2 verse no. 278 and 279 that “Give up your demands of Riba, Riba is interest, its usury and those who give up not their demands of Riba, usury and interest take notice of a war from Allah and His Rasool”So earning through Riba, through usury, through interest is Haraam. It is one of the biggest sins as far as earning is concerned. And Allah further says in the Qur’an that you cannot earn through bribing Allah says in Surah Baqarah ch. no. 2 verse no. 188 that “Use not your wealth as a bait for judges in order you may eat other person’s wealth.”