Zakat as an Alternative Method of Economic Growth : The Muslim Community of West Bengal

Poverty is a curse in today’s society. Most of the Muslim community in West Bengal is plagued by this curse. Poverty is a major obstacle to the education and social progress of the Muslim community in the district. The purpose of this article is to determine the need for Zakat as a financial measure to assess economic growth. Review the framework of Islamic economic concepts to propose alternative models aimed at serving nations. This article considers Zakat to be one of the most accurate methods of measuring economic growth, which means that when people pay Zakat, the level of economic development will be higher and vice versa. In other words, besides redistributing wealth among Muslims, there is a promise to pay Zakat to Muslims in order to reduce the gap between rich and poor in society and achieve self-reliance. This article mainly discusses the issue of self-reliance of the backward Muslim community through the grant of Zakat to assess economic growth.