Wednesday, 30 May 2012

Promoting Social capital Through Zakat

"Social capital refers to the institutions, relationships, and norms that shape the quality and quantity of a society's social interactions. Increasing evidence shows that social cohesion is critical for societies to prosper economically and for development to be sustainable. Social capital is not just the sum of the institutions which underpin a society – it is the glue that holds them together" There are many identified sources which contribute to social capital. These Include but are not limited to families, Communities, Civil society, Ethnicity, Gender and Faith. The Term was Introduced in late 1960,s and today considered as an important factor in development process.
However we can analyze that Islam introduced concept of social solidarity and social capital more than fourteen centuries ago. Among other acts of worship Zakat plays an important role in building social capital within and among different societies. Islam's concept of social capital, universal brother hood and mutual care and love can be analyzed from following verses of Quran.

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