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All Journal International Journal of Zakat (IJAZ)
Salman Ahmed Shaikh
Universiti Kebangsaan Malaysia
Religion

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Zakat Collectible in OIC Countries for Poverty Alleviation: A Primer on Empirical Estimation Salman Ahmed Shaikh
International Journal of Zakat Vol 1 No 1 (2016)
Publisher : Center of Strategic Studies (PUSKAS) BAZNAS

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (567.3 KB) | DOI: 10.37706/ijaz.v1i1.4

Abstract

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 gap index to GDP (PGI-GDP) ratio in all but 3 countries, with poverty line defined at $1.25 a day. We also found that the zakat to GDP ratio exceeds the PGI-GDP ratio, except in 4 countries with poverty line defined at $2.00 a day. We also compared zakat to GDP ratio against poverty headcount ratio. According to our estimates, the Zakat to GDP ratio exceeds the poverty head count ratio to GDP (PHCR-GDP), except in 5 countries with poverty line defined at $1.25 a day. We also found that zakat to GDP ratio exceeds PHCR-GDP ratio except in 7 countries, with poverty line defined at $2.00 a day. Thus, the institution of Zakat has ample potential to contribute towards the alleviation of poverty. Lastly, we show that the aggregate resources pooled together from the potential Zakat collection in 17 OIC countries will be enough to fund resources for poverty alleviation in all 17 OIC countries combined. Keywords: Zakat, Fiscal Policy, Poverty, Redistribution
Role of Zakat in Sustainable Development Goals Salman Ahmed Shaikh; Abdul Ghafar Ismail
International Journal of Zakat Vol 2 No 2 (2017)
Publisher : Center of Strategic Studies (PUSKAS) BAZNAS

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (294.475 KB) | DOI: 10.37706/ijaz.v2i2.21

Abstract

In this paper, we explore the potential of the institution of Zakāt to meet the development challenges, especially in the Muslim world. We discuss the interlinkages between the institution of Zakāt and Maqasid-al-Shari’ah. We also discuss the economic potential and effects of Zakāt by reviewing theoretical and empirical studies. Finally, we also provide our analysis which suggests that Zakāt can play an important role in meeting sustainable development goals related to poverty, hunger, global health and well-being, quality education, decent work and economic growth and income inequality. Keywords: Zakāt, Sustainable Development Goals, Poverty, InequalityJEL Classification Code: E6, H2, H3
Co-Authors Abdul Ghafar Ismail