020324100 ECONOMICS OF ZAKA AND WAQF ( 3 Crd.Hrs )

Pre-Requisites : 020311020

This course addresses the doctrinal approach to Zakat in terms of its ruling and wisdom, terms of obligation, wealth upon which Zakah is due, its position in the financial system and the Islamic distribution system, its effects on economic variables, consumption, investment, employment, and its impact on social circle, Wakf, a doctrinal introduction to Wakf and its provisions, the effects of Wakf in economic life, its role in securing social welfare, an estimate of contemporary Wakf investment formulas.