First part of this article has provided a small introduction to equally main-stream economics and Islamic economics. Then it offers a photo of poverty of recent world and Islamic perspective of poverty. Then Islamic economics instruments to alleviate poverty such as for example zakat, sadaqa, qard hasan, ganima, khums, fay, jizya, mudaraba, musharaka, prohibition of interest, abolition of extravaganza, prohibition of speculation and hoarding have been stated in briefly. Impact of Islamic financial tools on minimal tendency to consume, multiplier, price investment and generation have already been dealt with.
The publications and articles I called for this informative article are pelatihan islami Dr. Dr.Sabahuddin Azmi's Islamic Economics, S. M. Hasanuzzaman's Economic purpose of an Islamic state (The early experience), Towards knowledge the economic process of Islam written by Dr.P Ibrahim and Introduction to the economic system by Moulavi.M.V.Saleem.
No one can undermine the significance of economics which is a cultural science that studies the creation, distribution, trade and usage of things and services. This really importance of economics triggered emergence of various financial methods in the world and all those financial systems maintain that they can fetch financial welfare. These dominating and prominent financial system's failure to complete economic justice, prosperity, the eradiation of the inequality and poverty produce essential an alternative solution economic system which can successfully create a starvation free and poverty free world.
Cultural scientists have developed numerous explanations of economics. Lionel Robinson's scarcity definition of economics is many acknowledged amongst them. According to Robinson "economics is a research which reports human behavior as a connection between ends and rare means which may have option employs" That meaning is based on two points which are scarcity of methods and the constant needs. But in reality former is really a myth. The review conducted by UNO shows which are enough assets for 20000 million persons in the world we have only 6000 million persons on earth residing now. Latter place'never ending wants'can be incorrect while the wish and greed of the person is infinite but the requirement is countable and controllable.