Pillar IV - Financial and Social Inclusion (Redistribution)
From SDG Academy
The last pillar of the framework, financial and social inclusion, aims to ensure that the higher economic growth results are distributed to each segment of society inclusively, either through participation in economic growth or through Islamic redistribution instruments. The Islamic redistribution mechanism ensures that those who are unable to participate directly in production and consumption in the market, are redeemed their rights through Islamic redistributive instruments such as zakat khums, sadaqah, waqf, and Qard hasan. Contrary to common belief, these instruments do not solely serve charity, altruism, or beneficence. Rather, they are instruments of redemption of rights and repayment obligations.
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