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Poverty Elimination Through Potential Zakat Collection in the OIC-member Countries: Revisited

Author

Listed:
  • Nasim Shah Shirazi

    (International Islamic University Malaysia (IIUM))

  • Md. Fouad Bin Amin

    (International Islamic University Malaysia (IIUM))

Abstract

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 elimination. The paper employed the poverty gap index based on US $ 1.25 a day and US$ 2.0 a day estimated by the World Bank (2009). Zakat potential has been estimated by employing Kahf (1989) method of estimation with some modifications. The paper finds that half of the sample countries not only meet their resource shortfall by potential zakat collection but also generate surplus funds which are sufficient for the resource deficit countries. The paper suggests pooling of zakat funds from the zakat surplus countries and providing for the resource deficit countries to eliminate the poverty.

Suggested Citation

  • Nasim Shah Shirazi & Md. Fouad Bin Amin, 2009. "Poverty Elimination Through Potential Zakat Collection in the OIC-member Countries: Revisited," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 48(4), pages 739-754.
    • Handle: RePEc:pid:journl:v:48:y:2009:i:4:p:739-754
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    File URL: http://www.pide.org.pk/pdf/PDR/2009/Volume4/739-754.pdf
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    Citations

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    Cited by:

    1. Nabi, Mahmoud Sami, 2021. "لتشع تونس من جديد [Making the Tunisian Resurgence]," MPRA Paper 107225, University Library of Munich, Germany.
    2. Mejda Bouanani & Besma Belhadj, 2019. "Zakat and Poverty Alleviation in Tunisia Using the Fuzzy Approach," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 17(2), pages 421-432, June.
    3. Ahmed,Habib & Mohieldin,Mahmoud & Verbeek,Jos & Aboulmagd,Farida Wael, 2015. "On the sustainable development goals and the role of Islamic finance," Policy Research Working Paper Series 7266, The World Bank.
    4. Salman Ahmed Shaikh, 2015. "Welfare Potential of Zakat: An Attempt to Estimate Economy wide Zakat Collection in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 54(4), pages 1011-1027.
    5. Shaikh, salman Ahmed, 2014. "Welfare Potential of Zakat: An Attempt to Estimate Economy wide Zakat Collection in Pakistan," MPRA Paper 68752, University Library of Munich, Germany.
    6. Mohieldin , Mahmoud & Rostom , Ahmed & Fu, Xiaochen & Iqbal, Zamir, 2012. "The Role of Islamic Finance in Enhancing Financial Inclusion in Organization of Islamic Cooperation (OIC) Countries," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 20, pages 55-120.
    7. Abdulsalam Ahmed Sawmar & Mustafa Omar Mohammed, 2021. "How Governance Practices Influence Mandatory Zakah Payment in Saudi Arabia? كيف تُؤَثر مُمَارسات الحَوْكَمة في الدفع الإلزامي للزكاة في المملكة العربية السعودية؟," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 34(1), pages 3-24, January.
    8. S. M. Naseem, 2012. "A Review Of Studies On Poverty In Pakistan: Origin, Evolution, Thematic Content And Future Directions," PIDE Books, Pakistan Institute of Development Economics, number 2012:1 edited by Rashid Amjad.
    9. Mejda Bouanani & Besma Belhadj, 2020. "Does Zakat reduce poverty? Evidence from Tunisia using the Fuzzy Approach," Metroeconomica, Wiley Blackwell, vol. 71(4), pages 835-850, November.

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