Psychosocial effects of Zakaat in the era of materialism and global recessions

Abstract

Zakaat serves as the fundamental and essential mechanism in Islam. Its core, structure, and function can be better appreciated from modern life's micro and macro perspectives. Therefore, it is vital to elucidate Islam's core ideas and highlight Zakaat as a cornerstone of social order. The Qur'anic teachings of intellect and rational Sunnah evolve and establish a social order based on the most solid and secure foundations, i.e., the Zakaat system. If properly institutionalized, these can have a powerful impact. Recent scientific research has found that when people engage in philanthropy, their brains secrete dopamine (a feel-good chemical), serotonin (a mood-mediating hormone), and oxytocin (associated with tranquility and serenity). This highlights the psychosocial benefits of Zakaat in the current materialistic and economically challenging climate, with over 260 million people worldwide suffering from depression.