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Integrating Zakāt and Waqf into the Poverty Reduction Strategy of the IDB Member Countries

Author

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  • SHAH SHIRAZI, NASIM

    (Islamic Research and Training Institute)

Abstract

The paper estimates the resource gap for poverty reduction and potential of Zakāt and Waqf in the IDB member countries.1 Paper stresses on revival of the Zakāt and Awqāf institutions and their enforcement, which will enable the IDB MCs to generate sufficient revenue for their all pro-poor expenditures. For any tangible results, the institutions of Zakāt and Waqf need to be integrated into the poverty reduction strategy of the IDB member countries. The proceeds of these institutions should be made as a part of their pro-poor budgetary expenditures.

Suggested Citation

  • Shah Shirazi, Nasim, 2014. "Integrating Zakāt and Waqf into the Poverty Reduction Strategy of the IDB Member Countries," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 22, pages 79-108.
    • Handle: RePEc:ris:isecst:0003
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    References listed on IDEAS

    as
    1. Ahmed, Habib, 2004. "Role of Zakah and Awqaf in Poverty Alleviation (Occasional Paper)," Occasional Papers 201, The Islamic Research and Teaching Institute (IRTI).
    2. Monzer Kahf, 1989. "Zakat: Unresolved Issues In The Contemporary Fiqh," IIUM Journal of Economics and Management, IIUM Journal of Economis and Management, vol. 2(1), pages 1-22, January.
    3. Rashid, Syed Khalid, 2011. "Certain Legal and Administrative Measures for the Revival and Better Management of Awqaf," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 19, pages 1-40.
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    Cited by:

    1. Umar, Umar Habibu, 2020. "The business financial inclusion benefits from an Islamic point of view: a qualitative inquiry," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 28, pages 83-100.
    2. Lamido , Abdullahi Abubakar & Haneef, Mohamed Aslam, 2021. "Shifting the paradigms in waqf economics: towards renewed focus on socioeconomic development," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 29, pages 18-32.
    3. Khasandy, Elleriz Aisha & Badrudin, Rudy, 2019. "The Influence of Zakat on Economic Growth and Welfare Society in Indonesia," MPRA Paper 91574, University Library of Munich, Germany.
    4. Mejda Bouanani & Besma Belhadj, 2019. "Zakat and Poverty Alleviation in Tunisia Using the Fuzzy Approach," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 17(2), pages 421-432, June.
    5. repec:idn:jimfjn:v:4:y:2018:i:1i:p:1-22 is not listed on IDEAS
    6. Rini Rini, 2020. "A Review of the Literature on Zakah between 2003 and 2019," International Journal of Economics and Financial Issues, Econjournals, vol. 10(2), pages 156-164.
    7. Salman Ahmed Shaikh, 2015. "Welfare Potential of Zakat: An Attempt to Estimate Economy wide Zakat Collection in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 54(4), pages 1011-1027.
    8. Azganin, Hassan & Kassim, Salina & Sa’ad , Auwal Adam, 2021. "Proposed waqf crowdfunding models for small farmers and the required parameters for their application," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 29, pages 2-17.
    9. Shaikh, salman Ahmed, 2014. "Welfare Potential of Zakat: An Attempt to Estimate Economy wide Zakat Collection in Pakistan," MPRA Paper 68752, University Library of Munich, Germany.
    10. Shaikh, Salman Ahmed, 2015. "Using Waqf as Social Safety Net & Funding Public Infrastructure," MPRA Paper 68751, University Library of Munich, Germany.
    11. Minda Indrani & Sagi Sagara, 2015. "How e-Zakat Has Changed the Way Muslims Pay their Zakat in Indonesia," International Journal of Humanities, Arts and Social Sciences, Dr. Mohammad Hamad Al-khresheh, vol. 1(3), pages 124-126.
    12. Mohammad Abdullah, 2018. "Evolution In Waqf Jurisprudence And Islamic Financial Innovation," Journal of Islamic Monetary Economics and Finance, Bank Indonesia, vol. 4(1), pages 161-182, August.
    13. Siti Nadiah Mohd Ali & Salbiah Mokhtar & Abdul Halim Mohd Noor & Noraini Johari & Nor Aini Salleh & Nurul Sahida Fauzi, 2018. "A Conceptual Framework in Synergizing Waqf Real Estate and Zakat through Strategic Integration for Malaysian Asnaf," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 8(1), pages 815-828, January.
    14. Hydzulkifli Hashim Omar* & Abubakar Yusuf Sanyinna, 2018. "Administrative Challenges of WAQF Institution in the Contemporary World: Future Prospects," The Journal of Social Sciences Research, Academic Research Publishing Group, pages 294-299:6.
    15. Mejda Bouanani & Besma Belhadj, 2020. "Does Zakat reduce poverty? Evidence from Tunisia using the Fuzzy Approach," Metroeconomica, Wiley Blackwell, vol. 71(4), pages 835-850, November.
    16. repec:dau:papers:123456789/15015 is not listed on IDEAS

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