24 - Pareto Principle and the Pillar of Zakat in Islam
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24 - Pareto Principle and the Pillar of Zakat in Islam
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I just recently learned about a principle that has both fascinated and excited me as an investor, as a financial expert, and as a Muslim woman: the Pareto principle.
The Pareto principle states that 20% of causes create 80% of consequences; for example, in the technology sector, if you fix 20% of bugs in a particular software, you'll see 80% of the glitches disappear.
I sat with this for a time and thought about it in the context of the principle of zakat, or charity, in Islam. At first, you might not see how the two connect...but when you see what I saw, you'll be amazed by the connection!
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