Economic Effects of Zakat

Harithah b. Wahb reported Allah’s Messenger (Sall Allah-o-alaihe wa sallam) as saying: “Give sadaqa for a time is about to come when a person would walk with alms and the one whom it is to be given would say: ‘Had you brought it yesterday, I would have accepted it. For the present I do not need it.’ (And the giver of sadaqa) would not find anyone to accept it.”

Abu Huraira reported Allah’s Messenger (Sall Allah-o-alaihe wa sallam) as saying: “The Last Hour will not come before wealth becomes abundant and over-flowing, so much so that a man takes zakah out of his property and cannot find anyone to accept it from him, and (that Hour will not come) till the land of Arabia becomes meadows and rivers.”

Source: Economic Teachings of Prophet Muhammad (peace be upon him): A Select Anthology of Hadith Literature on Economics, Muhammad Akram Khan. Republished with permission.