publication . Article . 2014

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

Nasim Shah Shirazi;
Open Access
  • Published: 01 Jan 2014 Journal: Journal of Islamic Economic Studies, volume 22-1, pages 79-108
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.
free text keywords: Integrating Zakāt and Waqf; Zakāt and Waqf and pro-poor expenditures; Potential of Zakāt and Waqf and Poverty reduction; Islamic institutions and poverty reduction; Poverty reduction in the IDB member countries, Revenue, Poverty reduction, Economics, Development economics, Waqf, Enforcement, Economic policy
29 references, page 1 of 2

Affandi. H and Nufus. D. “Analysis of Cash Waqf Return Fund Allocation in Indonesia: A Case Study in Indonesian Waqf Deposit” 2010. Available at

Ahmed, Habib. “Role of Zakah and Awqaf in Poverty Alleviation”. Occasional Paper, No. 8, Islamic Research and Training Institute, Islamic Development Bank Group, Jeddah, 2004.

Ahmed. Habib. “Zakah, Macroeconomics Policies, and Poverty Alleviation: Lessons from Simulation on Bangladesh”. Journal of Islamic Economics, Banking and Finance, 2008, Volume 4 number 2 pp.: 81-103

Ali, Imtiaz B. Waqf: A Sustainable Development Institution for Muslim Communities, Takaful T&T Friendly Society, P.O. Bag 1066,Valsayn, Trinidad and Tobago, 2009.

Budiman.M and Kusuma. D. The Economic Significance of Waqf: A Macro Perspective, 2011. Available at

Esenyel, Caner. “Social Assistance programs and as an innovative approach for social assistance: conditional cash transfer in Turkey”. Workshop on Innovative Social Assistance Strategies in Poverty Alleviation, SESRIC - OIC, 12-14 December, Ankara, Republic of Turkey, 2011.

Firdaus, M., Irfan Syauqi Beik, Tonny Irawan and Bambang Juanda. “Economic Estimation and Determinations of Zakat Potential in Indonesia”. WP-1433-07, Islamic research and Training Institute (IRTI), IDB, 2012.

Hassan, M. Kabir, Jauanyed Masrur Khan. “Zakat, External Debt and Poverty Reduction Strategy in Bangladesh”, Journal of Economic Cooperation, 2007, 28, 4, p.1-38.

Islamic Development Bank. “Policy Paper on Poverty Reduction”, 2007.

Kahf, Monzer. "Zakat: Unresolved issues in the Contemporary Fiqh", Journal of Islamic Economics, 1989. 2 (1), pp. 1-22. [OpenAIRE]

Kahf . The Role of Waqf in Improving the Ummah Welfare, 2003. [PDF] available at

Shirazi, Nasim Shah. “Providing for the Resource Shortfall for Poverty Elimination through the Institution of Zakat in Low-Income Muslim Countries”. IIUM Journal of Economics and Management, 2006, Vol.14, No.1. [OpenAIRE]

Shirazi Nasim Shah and Md. Fouad Bin Amin. “Prospects of Poverty Elimination through Potential Zakat Collection in OIC Member Countries: Reappraised”, Journal of Islamic Economics, Banking and Finance, 2010, Volume-6, Number 3.

Tohirin. A. “The Cash Waqf for Empowering the Small Businesses”, 2010. Available at

4. Kuwait Awqāf Public Foundation

29 references, page 1 of 2
Powered by OpenAIRE Research Graph
Any information missing or wrong?Report an Issue