40% of the worlds population do not have access to proper sanitation and 1 billion people lack the most basic water supply.
Access to clean water is a basic right in Islam established by the statement of the prophet (saw.)
The question is how much money would be required to meet the basic water supply and sanitation?
$10bn per year.
Sounds a lot?
Well currently 8 people in the world have as much wealth as 50% of the worlds population. They have a combined wealth of $426.2bn
What could that do?
Firstly eradicate extreme poverty $175bn needed
Secondly provide water and sanitation to the worlds population
Thirdly alleviate homelessness ($21bn per year for ten years is required).
That's just from 8 people. The 8 most wealthiest people on the planet could solve all this!
Here's some interesting estimated statistics.
According to Jeffrey Sachs it would require $175billion to alleviate extreme poverty across the world (people on less than $1.25 per day)
There are 34 million people (0.7% of the world's population) with an estimated net wealth of at least $1million.
2.5% of zakat on that net wealth (at least $1million) would equal to $850billion.
$175billion needed yet $850billion could be potentially raised from just 0.7% of the world's population.
Problem of poverty isn't that we don't have enough wealth but how that wealth is distributed.
We have a capitalist system that's less interested in distribution of wealth but helping the capitalists earn more thus creating capital concentration amongst a tiny few.
The Islamic system places at the fundamental heart of its system the need to distribute wealth.
Nb. Zakat is 2.5% of productive wealth and not just simply assets like owning your own home, that reaches the minimum threshold (nisab) which is approximately $320 or so that's unused for one whole year. Therefore the above assumes that the whole wealth is zakatable which may not necessarily be the case but even if it's 20% then pretty much you've eliminated extreme poverty in the world in one year from just 0.7% of the population.
Nb 2. Indeed this is a simplified view but demonstrates the potential of that could occur if one amongst a number of rules of Islam were implemented in relation to Islamic rules related to economics.
You there's a fundamental imbalance in the world under a capitalist system. There's enough resources to address the problems we face as humanity but there isn't the adequate system in place that prioritises human beings.
Yet apparently anyone who questions the fundamental premise of liberal secular capitalist societies are barbaric and backward.
No this system is barbaric and backward for not fulfilling the rights all humans have.
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