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Conceptualization of The Alternative Zakat and Ushr Based Poverty Allviation and Sustainable Development Model: An Empirical Case Study in Bangladesh

Author

Listed:
  • Md. Ferdausur Rahman
  • Tunku Salha binti Tunku Ahmad
  • Md Arifur Rahman
  • Muhammad Nazmul Hoque
  • Abul Bashar Bhuiyan

Abstract

The purpose of this research is to investigate the role of ‘Zakat and Ushr’ as a key tool to achieve sustainable development in Bangladesh. The study also proposes an alternative model for Zakat distribution analyzing drawbacks and challenges of prevailed Zakat distribution system. The present study used qualitative approach with intensive interview on about zakat practices in Bangladesh. The study finding from the literature surveys about Zakat distribution affirm that an alternative model for Zakat distribution system can ensure sustainable development through decreasing the rate of poverty based on the Umar bin Al Khattab (RA) and Ummar bin Abdul Aziz poverty model. The study shows that Zakat providers in Bangladesh distribute Zakat in an unplanned and unstructured way which is not the purpose of Zakat according to the direction of Quran and Sunnah. In the prevailed system, Zakat providers distribute Zakat mainly in the month of Ramadan and individual Zakat providers divide whole portion of individual Zakat amount among mass people which are being helpful for poor people to run their family for a very short period of time. Therefore, based on above findings the present study proposes an alternative model for distributing Zakat in Bangladesh considering the direction of Al-Quran and Hadith. This proposed model suggests engaging local leaders, Imam of mosques, Zakat providers and Zakat receivers that can ensure building community-based Zakat funds to develop individual poor people for a long period of time.

Suggested Citation

  • Md. Ferdausur Rahman & Tunku Salha binti Tunku Ahmad & Md Arifur Rahman & Muhammad Nazmul Hoque & Abul Bashar Bhuiyan, 2023. "Conceptualization of The Alternative Zakat and Ushr Based Poverty Allviation and Sustainable Development Model: An Empirical Case Study in Bangladesh," Accounting and Finance Research, Sciedu Press, vol. 12(3), pages 1-16, August.
    • Handle: RePEc:jfr:afr111:v:12:y:2023:i:3:p:16
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    References listed on IDEAS

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    1. World Bank, 2021. "The World Bank Annual Report 2021 [Rapport Annuel 2021]," World Bank Publications - Books, The World Bank Group, number 36067, December.
    2. Gustavo Anríquez & Kostas Stamoulis, 2007. "Rural development and poverty reduction: is agriculture still the key?," The Electronic Journal of Agricultural and Development Economics, Food and Agriculture Organization of the United Nations, vol. 4(1), pages 5-46.
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    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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