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Research Article

Zakat and social capital: thoughts on modernism, postmodernism, and faith

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Received 04 Feb 2020, Accepted 16 Oct 2020, Published online: 30 Oct 2020
 

ABSTRACT

Islam has become a cause of Western anxiety, representing the Other and the Shadow. Raising the Shadow to consciousness by directing up communication is a matter of urgency. In Western socio-economic thought, the spiritual and secular are sharply separated, but in Islam they are indivisible. The area of communication chosen in this study’ involves religion and social capital. It is emphasized that there are relevant connections between the understanding of social capital and Zakat. These connections have the potential to provide a more in-depth understanding of the economic, social, and spiritual implications of Zakat; most specifically, in the Western discourses. This paper outlines the spirit of the tension between modernism, postmodernism, and Islam. The concept of social capital is delineated, and the main features of Zakat (almsgiving) in association with social capital are summarized.

Disclosure statement

No potential conflict of interest was reported by the authors.

Notes

1. Ernest Gellner was a British-Czech social anthropologist; when he died, he was described by The Daily Telegraph as one of the world’s most vigorous intellectuals, and by The Independent as a “one-man crusader for critical rationalism”.

Additional information

Notes on contributors

Issam Tlemsani

Issam Tlemsani is professor and a scholar in all aspects of Islamic banking and finance.

Robin Matthews

Robin Matthews is professor at universities in London and Moscow; consultant with international companies; writes on business, economics; and finance: creative imagination techniques in management.

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