Publication:
Zakat - the power of alleviating poverty
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Date
2020
Authors
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Abstract
The recent statistical data on poverty shows that most of the people who live below the poverty line are found in Muslim countries. For example, the total population who are living below poverty line in Algeria is 25%, in Egypt 25.2%, in Bangladesh 26%, in Syria 35.2%, in Afghanistan 35.8%, in Pakistan 36.3%, in Nigeria 46%, in Sudan 46.5%, in Chad 46.7%, in Senegal 46.7%, in Yemen 54% and in Somalia 73%. Some scholars relate this poverty to the oppression, humiliation and bad policies which had been imposed in almost all Muslim countries during colonization and have continued up to the present time. Others relate this to the incompetence and the corruption on the part of their governments which led to the last Arab spring and what followed. We cannot deny the above-mentioned reasons as the catalyst for the spread of poverty in the Islamic world.
Keywords
Poverty , Zakat
Citation
A. Mohsin, M. I. (2020). Zakat - the power of alleviating poverty. Islamic Finance Today, (October 2020), 14-17.
Publisher
First Global Digital Academy