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

  title={Integrating Zakāt and Waqf into the Poverty Reduction Strategy of the IDB Member Countries},
  author={Nasim Shah Shirazi},
  journal={PSN: Comparative Poverty (Topic)},
  • N. Shirazi
  • Published 1 May 2014
  • Economics
  • PSN: Comparative Poverty (Topic)
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… 

Poverty Alleviation Through Potential Zakat Collection: Case of Morocco

Morocco, is one of the many countries that still suffer from inequality and a high poverty index despite the economic growth over the last few years. This paper supports the argument that zakat is an

Investigating the Impact of Zakat on Poverty Alleviation: A Case from West Sumatra, Indonesia

Muslim population in West Sumatra is vast, thus, it has significant potential of zakat. In the province, the regulation of compulsory zakat which is directly deducted from the local State Civil

The effect of zakat programs on the social impact of microfinance institutions in Bangladesh

The purpose of this paper to measure the effectiveness of the central for zakat management (CZM) efforts in utilising zakat funds for promoting microfinance among poor rural people in

A Review on Literature of Waqf for Poverty Alleviation between 2006-2016

INTRODUCTION Poverty, inequality and well-being are related issues that have become a global phenomenon ranging from developed and developing countries especially among the Muslim nation. This issue

Waqf, Social Responsibility, and Real Economy

The function of waqf institution is to contribute towards provision of a social security net to those falling within its vicinities. The value proposition of waqf lies in effectively cascading wealth

Zakat Collectible in OIC Countries for Poverty Alleviation: A Primer on Empirical Estimation

This study estimates potential Zakat collectible in 17 member countries of the Organization of Islamic Cooperation (OIC). In our estimation, we found that the zakat to GDP ratio exceeds the poverty

Application of waqf for social and development finance

Purpose This paper aims to discuss the application of waqf (endowment) in the social finance sector for funding social and development projects and services.

Zakat and Poverty Alleviation in Tunisia Using the Fuzzy Approach

Zakat is one of the five pillars of Islam, which is compulsory to all the well-off Muslims, and it is given to the needy. It is used to fight poverty. This study examines Zakat’s impact on poverty in

Administrative Challenges of WAQF Institution in the Contemporary World: Future Prospects

This paper aims at exploring the administrative challenges of waqf as a prominent mechanism of poverty alleviation and provision of social welfare services. Waqf is generally regarded to be one of

Does Zakat Reduce Poverty? Evidence from Tunisia Using the Fuzzy Approach

Zakat is one of the five pillars of Islam; it is compulsory for all the well‐off Muslims and is given to the needy. This study examines Zakat's impact on poverty in Tunisia. Using simulated data of



Prospects of poverty elimination through potential zakat collection in OIC-member countries

This paper is the extended and updated version of Shirazi (2006), which covers 38 OIC member countries. The paper estimates the resource required and potential zakat collection for poverty


This paper is an attempt to estimate the resource shortfall and potential zakat collection for poverty elimination in the low-income Muslim countries. The paper estimates the resource shortfall by


This paper estimates the impact of Zakat funds on the annual development plan of Bangladesh. While the Government of Bangladesh has been very keen on alleviating poverty, it has never looked at the

Integrating Faith-based Institutions (Zakah and Awqaf)

Besides public sector and private sector, there is a third sector in every society that attends to various social needs on voluntary or non-profit basis and non compulsion basis, motivated by

Role of Zakah and Awqaf in Poverty Alleviation (Occasional Paper)

The paper is a comprehensive study addressing various issues of implementing zakah and awqaf in contemporary times. Using both theoritical arguments and data makers, practitioners, academia and

A Dynamic Model for Cash Waqf Management as One of The Alternative Instruments for The Poverty Alleviation in Indonesia

This research tries to offer a design of the cash waqf management system in a system dynamics model. The Cash Waqf Management is expected to become one of the alternative instruments for the poverty

Certain Legal and Administrative Measures for the Revival and Better Management of AWQAF

Waqf is the most popular expression of Muslim philanthropy. Millions of awqaf were created during the past 1400 years. Many of these perished due to various reasons, but at least a million awqaf

The Economic Significance of Waqf: A Macro Perspective

There has been an accusation among few scholars blaming that the institution of waqf could not any longer perform its economic role in the modern times. To them, instead of being a vital institution

Social, Economic and Educational Status of the Muslim Community of India

The Indian Constitution is committed to the equality of citizens and the responsibility of the State to preserve, protect and assure the rights of minorities in matters of language, religion and

Financing agreements have been amended to reduce financing to US$ 5 million

  • Project declared effective on July
  • 2012