Distinguished Scholar & Founder
Professor Dr. Abul Hasan M. Sadeq
Founder & Founder Vice Chancellor
Asian University of Bangladesh (AUB)
Founder & Founder Vice Chancellor
Asian University of Bangladesh (AUB)
Publication Info
Book: Thought on Islamic Economics
Publisher: Islamic Economics Research Bureau, Dhaka
Year: 1980 | Pages: 44–93
Publisher: Islamic Economics Research Bureau, Dhaka
Year: 1980 | Pages: 44–93
Thematic Analysis
In this extensive 50-page treatise, Professor Dr. Abul Hasan M. Sadeq provides one of the earliest systematic analyses of the redistributive justice framework in Islam. Published in the landmark volume Thought on Islamic Economics, the research outlines the fundamental Islamic principle that while private ownership is recognized, wealth must not be allowed to circulate only among the rich.
Professor Sadeq categorizes the distribution of wealth into two distinct stages: Functional Distribution (the rewards for factors of production) and Redistribution (the secondary transfer of wealth to the needy). The chapter details the mandatory role of Zakat, the voluntary contribution of Sadaqah, and the precise Islamic laws of inheritance as a comprehensive system designed to prevent wealth concentration. By contrasting this with capitalistic and socialistic models, Professor Sadeq argues that the Islamic approach ensures economic stability and social harmony by balancing individual motivation with collective welfare. This work established a baseline for ethical economic research in Bangladesh and remains a key text for scholars of Islamic social justice.
Professor Sadeq categorizes the distribution of wealth into two distinct stages: Functional Distribution (the rewards for factors of production) and Redistribution (the secondary transfer of wealth to the needy). The chapter details the mandatory role of Zakat, the voluntary contribution of Sadaqah, and the precise Islamic laws of inheritance as a comprehensive system designed to prevent wealth concentration. By contrasting this with capitalistic and socialistic models, Professor Sadeq argues that the Islamic approach ensures economic stability and social harmony by balancing individual motivation with collective welfare. This work established a baseline for ethical economic research in Bangladesh and remains a key text for scholars of Islamic social justice.
Core Concepts: Wealth Distribution, Social Equity, Zakat, Functional Distribution, Islamic Social Justice, Inheritance Laws, Economic Stability, AUB.