Agent based Model for Zakat Distribution

Equal wealth distribution is a very important economical aspect of a society. If wealth is being circulated throughout society in a well-managed way, it can eliminate many social problems such as poverty, criminal activities, child labor etc. Thus, effective wealth circulation is one of the major building blocks that helps in forming a progressive as well as flourishing society. One of the pertinent research questions in this regard is how wealth circulation can be automated keeping societal dynamics in account. If state of different societies is examined, wealth distribution is getting wicked, as poor are getting poorer over time. As these dynamics affect population at large, hence it is not feasible to experiment social reforms directly in real life. Therefore, in this study an agent-based computational model is proposed. This model could be simulated to conduct different experiments and test various social intervention to understand and solve this problem in detail. In the light of existing literature, there exist several models to address the issue of wealth circulation. Keeping the cultural and religious aspects of a Muslim society in view, in this study, the concepts of inheritance and Zakat are being incorporated in an existing wealth distribution model. In addition to that, proposed model is capable to provide solution for the betterment of wealth circulation in a society. After several simulations it is evident that Zakat and national Zakat treasury centers play a vital role in eradication of improper wealth distribution that is currently prevailing in several societies. In addition to that, awareness among masses regarding the treasury centers can also significantly impact the societal dynamics. Thus, the proposed model can be highly significant for deprived societies where poor class is swelling rapidly.