Journal of Islamic Economics and Finance Studies
Vol 5 No 2 (2024): JIEFeS, December 2024

Role of Institutional Zakat Management of Bangladesh in Recipients’ Income Generation

Md. Muhibur Rahman (Unknown)



Article Info

Publish Date
04 Jan 2025

Abstract

The majority of Muslims in Bangladesh distribute zakat individually. Zakat management is conducted in both the public and private sectors. However, there is a significant lack of inclination towards making zakat payments via organizations. This research aims to investigate the role of zakat in generating money via institutional management. This study used a mixed-method approach, including qualitative and quantitative data. A systematic questionnaire survey was conducted on 200 people who received zakat, representing both the institutional and non-institutional sectors. The findings of this research suggest that those who received zakat via institutions had a greater capacity to generate money than those who got zakat through informal means. Several zakat management institutions are helping zakat recipients increase their income by supplying them with income-generating items and a significant quantity of zakat funds. It may be inferred that the proper implementation of institutional zakat management has the potential to enhance the income growth rate of zakat recipients in Bangladesh.

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Journal Info

Abbrev

JIEFeS

Publisher

Subject

Religion Economics, Econometrics & Finance Social Sciences

Description

Journal of Islamic Economics and Finance Studies (JIEFeS) is a peer-reviewed journal published twice a year, in June and December by the Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jakarta, Indonesia. The journal accepts scientific articles in the form of research ...