Title

Zakat and its socio-economic merits: A holistic view towards eradication of poverty

Source of Publication

Islamic Perspectives on Marketing and Consumer Behavior: Planning, Implementation, and Control

Abstract

© 2015 by IGI Global. All rights reserved. The chapter investigates the role Zakat (alms giving) in eradicating poverty around the world. It (Zakat) is one of the five main pillars of Islam; it is the practice of charitable giving by Muslims based on accumulated wealth and is expected to be paid by all practicing Muslims having the financial means. As part of the study, a questionnaire that consisted of five questions to enquire about how Zakat can eradicate poverty was administered to 200 Muslim people living in the United Arab Emirates (UAE). Further, the questions were designed targeting the core goals of a Zakat institution that also reflected the Muslims psychometric behavioural aspects. Islam has 1.57 billion followers, making up over 23 percent of the world population (Pew Research, 2011). With such a vast population, the role of Zakat in alleviating poverty is an achievable objective.

Document Type

Article

ISBN

9781466681408,9781466681392

Publisher

IGI Global

First Page

296

Last Page

314

Publication Date

2-28-2015

DOI

10.4018/978-1-4666-8139-2.ch013

Scopus ID

84945416267

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