In this significant paper published in 1989, Professor Dr. Abul Hasan M. Sadeq examines the mechanics of Transfer Payments—non-exchange transactions that move wealth from the affluent to the underprivileged—as a primary tool for achieving economic justice.

Core Research Highlights:

• Systemic Redistribution: The study explores how institutionalized transfer payments like Zakat, Sadaqat, and Waqf function as automatic stabilizers that prevent the unhealthy concentration of wealth.
• Economic Velocity: Professor Sadeq argues that transferring purchasing power to the lower-income brackets increases the marginal propensity to consume, thereby stimulating aggregate demand and local market growth.
• Social Safety Nets: The research provides a theoretical basis for building modern social security systems rooted in Islamic values, ensuring that no member of society falls below a dignified standard of living.
• Poverty Eradication: Analyzing the transition of individuals from "recipients" to "contributors" through targeted transfer payments that focus on long-term empowerment rather than just temporary relief.

This work is highly regarded for its ability to quantify and structure traditional Islamic welfare concepts into modern economic terminology, making it accessible to global developmental economists.

Core Concepts: Wealth Distribution, Transfer Payments, Social Security, Economic Justice, Hamdard Islamicus, Welfare Economics, AUB.