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
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.
Subjects
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
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