Journal of Islamic Monetary Economics and Finance
Vol 8 No 1 (2022)

ESTIMATION OF ZAKAT PROCEEDS IN BANGLADESH: A TWO-APPROACH ATTEMPT

Rashed Jahangir (Department of Islamic Economics and Finance, Istanbul Sabahattin Zaim University, Istanbul, Turkey)
Mehmet Bulut (Department of Islamic Economics and Finance, Istanbul Sabahattin Zaim University, Istanbul, Turkey)

Article Info

Publish Date
28 Feb 2022

Abstract

The purpose of this study is to calculate Zakat proceeds in Bangladesh by using both classical and contemporary or alternative Zakat calculation methods. The results reveal that the percentage of Zakat amount to GDP is significantly higher than the average, i.e., 2.5-3%; under the classical and alternative approaches, the Zakat proceeds are estimated as 3.79 and 2.33 percent of GDP, respectively.

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Journal Info
Journal of Islamic Monetary Economics and Finance
Website

Abbrev

JIMF

Publisher

Bank Indonesia

Subject

Economics, Econometrics & Finance

Description

JIMF is an international peer-reviewed and scientific journal which is published quarterly by Bank Indonesia Institute. JIMF is a type of scientific journal (e-journal) in Islamic economics, monetary, and finance. By involving a large research communiy in an innovative public peer-review process, ...