Abstract
Poverty has become one of the major problems faced by the modern world. In the present time 50% of population is compulsive to lay a life in poverty. Poverty is not only a problem of developing countries of third world but extreme developed countries are also There are many strategies to tackle the problem of poverty like all other spheres of human life Prophet Muhammad (peace be upon him) also laid principles in the field of economics. A strategy based on Seerah of holy prophet Muhammad (peace be upon him) will be the best choice to eliminate the poverty. In this paper Prophet s contribution in eradicating of poverty is being highlighted. The main principles from the economic system given by the Holy Prophet will be presented. Examples will be coated that will show the best solution and results in prevention of poverty in any society especially from Pakistani society.
Highlights
According to World Bank, “a person whose daily income is less than one or two dollar will called a poor.”[1] it is a condition where people's basic needs for food, clothing, and shelter are not being met
One is ‘Absolute poverty’, it is synonymous with destitution and occurs when people cannot obtain adequate resources to support a minimum level of physical health
According to latest research of Asian Development Bank 2013, in Pakistan 29.5% of population lives below national poverty line
Summary
According to World Bank, “a person whose daily income is less than one or two dollar will called a poor.”[1] it is a condition where people's basic needs for food, clothing, and shelter are not being met. One is ‘Absolute poverty’, it is synonymous with destitution and occurs when people cannot obtain adequate resources (measured in terms of calories or nutrition) to support a minimum level of physical health. Absolute poverty means about the same everywhere, and can be eradicated as demonstrated by some countries. Another type of poverty is ‘Relative poverty’. It occurs when people do not enjoy a certain minimum level of living standards as determined by a government (and enjoyed by the bulk of the population) that vary. World bank 2001, out of six thousands million world population one thousand million persons were compulsive to lead a life on less than one dollar daily and two million on less than two dollars daily”.3
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