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PROVIDING FOR THE RESOURCE SHORTFALL FOR POVERTY ELIMINATION THROUGH THE INSTITUTION OF ZAKAT IN LOW-INCOME MUSLIM COUNTRIES

International Journal of Economics, Management and Accounting

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Title PROVIDING FOR THE RESOURCE SHORTFALL FOR POVERTY ELIMINATION THROUGH THE INSTITUTION OF ZAKAT IN LOW-INCOME MUSLIM COUNTRIES
 
Creator Shirazi, Nasim Shah; Associate Professor and Director of Research, International Institute of Islamic Economics, International Islamic University Islamabad. (e-mail: nasimss@yahoo.com)
 
Description This paper is an attempt to estimate the resource shortfall and potential zakat collection for poverty elimination in the low-income Muslim countries. The paper estimates the resource shortfall by utilizing the international poverty lines (under USD1 and 2) headcount and poverty gap index estimated by the World Bank. Potential zakat collection has been estimated by utilizing Kahf’s (1989) definitions of zakatable items with some modifications. The paper finds that some of the low-income Muslim countries can meet their resource gap under USD1 international poverty line with potential zakat collection. However, other countries, mostly belonging to Africa, cannot meet their resource shortfall from their potential zakat collection.JEL classification: I38, I32Key words: Zakat collection, Poverty elimination, Resource shortfall
 
Publisher Kulliyyah of Economics and Management Sciences
 
Contributor —
 
Date 2013-03-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://journals.iium.edu.my/enmjournal/index.php/enmj/article/view/116
 
Source International Journal of Economics, Management and Accounting; Vol 14, No 1 (2006)
 
Language eng
 
Relation http://journals.iium.edu.my/enmjournal/index.php/enmj/article/view/116/98