Wealth and Poverty
- Created by: Nimsky
- Created on: 01-01-16 18:44
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- Wealth & Povery
- Muslim Attitudes/ beliefs
- Teachings
- Zakat- Muslims must give 2.5% of their earnings to charity each year.
- Ramadan- Muslims fast in the month of Ramadan, to experience poverty and how life is with no food.
- Muslims are not allowed to charge interest on their money
- "And do not eat up your property among yourselves for vanities, nor use it as bait for the judges, with intent that ye may eat up wrongfully and knowingly a little of (other) peoples’ property. "
- Surah 2:188
- "And do not eat up your property among yourselves for vanities, nor use it as bait for the judges, with intent that ye may eat up wrongfully and knowingly a little of (other) peoples’ property. "
- Sources
- "There is a man who gives charity and he conceals it so much that his left hand does not know what his right hand spends."
- Hadith
- Donate privately as often as possible: do not boast of your donations
- "And do not eat up your property among yourselves for vanities, nor use it as bait for the judges, with intent that ye may eat up wrongfully and knowingly a little of (other) peoples’ property. "
- Surah 2:188
- "There is a man who gives charity and he conceals it so much that his left hand does not know what his right hand spends."
- Teachings
- Key words
- Inheritance- When a friend or family member leaves you money or property in their will when they die.
- Poverty trap- When you cannot get out of poverty
- Poverty
- Absolute Poverty- When someone cannot afford the minimal level of food, clothing, health care or shelter.
- Relative Poverty- When someone has less wealth than the average member of their community
- Minimum wage- The legal minimum wage that must be paid to an employee in the U.K
- Excessive Salaries- Salaries which have large amounts of money, and can also have bonuses and share options
- Government(State) benefits- Money given by the government to help individuals and families.
- Exploited- To be taken advantage of.
- Fair pay- Ensuring your employee has what s/he needs to sustain his/herself and their family
- Human trafficking- Modern day form of slavery
- Causes and Sources
- Sources of wealth
- Inheritance
- Born into a rich family
- Investments
- Talent
- Mafia
- Lottery (Luck)
- Jobs
- Causes of poverty
- Lack of government support
- Debt
- Unemployment
- Low wages / trafficking
- Wasting money
- Born into a poor family
- Sources of wealth
- Muslim Attitudes/ beliefs
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