EconPapers    
Economics at your fingertips  
 

Wealth purification

Ahcene Ahcene

Chapter 15 in Islamic Wealth Management, 2017, pp 266-278 from Edward Elgar Publishing

Abstract: Wealth purification is an important aspect of Islamic wealth management. Purification can be in the form of giving that portion of wealth as charity. The best is to ensure that the wealth is earned in lawful means, so purification is not an issue at all. The objective of purification is to comply with God’s commandment to refrain from wrongful means of earning wealth so as to fulfill obligation of a normal person wanting to accumulate permissible wealth. Individuals and corporations are often focused on wealth accumulation, protection and distribution, but are usually short on wealth purification. There is an established practice to give as charity the wrongfully earned wealth to banks, and banks normally set aside such moneys to be paid to charitable purposes.

Keywords: Asian Studies; Economics and Finance (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/view/9781786439383.00024.xml (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:17781_15

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().

 
Page updated 2025-03-31
Handle: RePEc:elg:eechap:17781_15