Islam and Universal Basic Income

Islam and Universal Basic Income

Universal basic income (UBI) is an idea whose time appears to have come, more by the chance of COVID-19 than by design, we now live in an economy—at least in North America—where a large percentage of the population is receiving substantial income transfers regularly from the government. UBI has a mixed reputation among economists, with both unexpected supporters—such as the libertarian economist Milton Friedman —and unexpected detractors—such as the liberal economist Paul Krugman .

Whether UBI is sound economic policy, though, is beyond the scope of this short essay, which is instead concerned with outlining an Islamic perspective on UBI. […]

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