New Analysis of the Versus of Kanz

The phenomenon of "Kanz”, which is one of economic corruptions, has been reprimanded in verses 34 and 35 of "Tawbah (Repentance)" chapter. However, it has not been sufficiently addressed in economic literature. Using analytical jurisprudential-economic analysis, this paper critically studies the theories of Muslim scholars on the concept of "Kanz" in the above mentioned verses. It is concluded that well-known commentators and jurists have limited the meaning of verses 34 and 35 of chapter "Tawbah (Repentance)" to non-payment of Zakat, but careful attention to the context of these verses shows that the issue of Kanz is not related to zakat. According to this view, the Quranic concept of "Kanz" means money that is not spent within the framework determined by God. This concept includes more instances than the conventional Kanz.