Title
Zakat and its socio-economic merits: A holistic view towards eradication of poverty
Files
Download Full Text
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
Book
ISBN
['9781466681408', '9781466681392']
First Page
296
Last Page
314
Publication Date
2-28-2015
DOI
10.4018/978-1-4666-8139-2.ch013
Disciplines
Business
Recommended Citation
Al-Banna, Mohammed Abdul Karim and Michael, Ian, "Zakat and its socio-economic merits: A holistic view towards eradication of poverty" (2015). Scopus Indexed Books. 62.
https://zuscholars.zu.ac.ae/scopus-indexed-books/62