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Food Security and Poverty

In: Food Security, Affordable Housing, and Poverty

Author

Listed:
  • Ahmet Suayb Gundogdu

    (Istanbul Sabahattin Zaim University)

Abstract

This chapter elaborates on the root causes of food insecurity in the world. It presents Islamic economic empowerment programs to ensure the participation of smallholder farmers to ensure a healthy supply of agricultural commodities. The chapter deals with the supply-side issue. In doing so, the role of Zakat and Islamic microfinance is explained. The chapter identifies the root cause of global food insecurity as price volatility in agricultural input and output markets due to Shari’ah non-compliant conventional financial derivatives. Price instability in the agricultural sector’s input and output markets undermines the sector’s smooth functioning. The chapter explains why the agricultural sector architecture should be designed to promote many smallholder farmers rather than solely focusing on big farmers for long-term sustainability. In such a design, the economic policy should not allow unfair price formation in input and output markets at the expense of smallholder farmers.

Suggested Citation

  • Ahmet Suayb Gundogdu, 2023. "Food Security and Poverty," Palgrave Studies in Islamic Banking, Finance and Economics, in: Food Security, Affordable Housing, and Poverty, chapter 0, pages 57-86, Palgrave Macmillan.
  • Handle: RePEc:pal:psibcp:978-3-031-27689-7_3
    DOI: 10.1007/978-3-031-27689-7_3
    as

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