Islamic Philanthropy Concept on MSMEs Income Distribution Role in Enhancing Social Welfare

Abstract

Work is an important component of human nature since it allows people to earn money to meet their daily necessities or to expand their existing companies. Although the basic goal of labour and companies including Micro, Small, and Medium Enterprises (MSMEs) is to earn profits, present economic issues demand both governments and society to focus on creating social welfare. In Islam, wealth distribution is viewed as a philanthropic act that prioritizes social equality. This method emphasizes how wealthy people can help address the needs of the less fortunate, indirectly encouraging demand and sustaining output, resulting in economic progress. This study specifically investigates the role of MSMEs income distribution in encouraging altruistic behavior and contributing to economic advancement through deductive reasoning. The findings suggest that income distribution can boost consumption and assist the development of new enterprises, hence creating jobs and boosting entrepreneurship. Income distribution has the capacity to address major economic concerns such as poverty and unemployment. Furthermore, it can influence people's views, pushing them to be more empathetic and sincere, thus improving society as a whole