Effectiveness of zakat-based programs on poverty alleviation and economic empowerment of poor women: A case study of Bangladesh

Bangladesh has long been suffering from poverty and its accompanying problems. During the past few decades, many initiatives have been implemented such as microcredit and cash transfer programs, yet the results seemed to be ambiguous. New frontiers are now sought to find new sources of finance which...

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Main Authors:	Muhammad Anis, Fahami, Kassim, Salina
Format:	Article
Language:	English
Published:	Islamic Economic and Finance Department, Bank Indonesia 2016
Subjects:	HB Economic Theory HB801 Consumption. Demand HG Finance HG4301 Trust services
Online Access:	http://irep.iium.edu.my/51964/ http://irep.iium.edu.my/51964/ http://irep.iium.edu.my/51964/1/005%20JIMEF%20Fahami.pdf

id	iium-51964
recordtype	eprints
spelling	iium-519642016-09-22T09:01:22Z http://irep.iium.edu.my/51964/ Effectiveness of zakat-based programs on poverty alleviation and economic empowerment of poor women: A case study of Bangladesh Muhammad Anis, Fahami Kassim, Salina HB Economic Theory HB801 Consumption. Demand HG Finance HG4301 Trust services Bangladesh has long been suffering from poverty and its accompanying problems. During the past few decades, many initiatives have been implemented such as microcredit and cash transfer programs, yet the results seemed to be ambiguous. New frontiers are now sought to find new sources of finance which could offer a more effective and sustainable solution to the root cause of the poverty problem. Considering the idea of entrepreneurship and group-based development approach of microcredit, a zakat-based development approach was initiated in Bangladesh at a private level by an organization called Center for Zakat Management (CZM) for poverty alleviation and sustainable economic empowerment targeting poor women in rural areas. This paper aims to assess the effectiveness of the CZM efforts in utilizing zakat funds for promoting entrepreneurship among poor rural women. Focusing on the case of Bangladesh, this study assesses the effectiveness of zakat on aspects such as income, house hold expense and fixed asset accumulation of the poor client based on the “before and after” approach. Islamic Economic and Finance Department, Bank Indonesia 2016-02 Article PeerReviewed application/pdf en http://irep.iium.edu.my/51964/1/005%20JIMEF%20Fahami.pdf Muhammad Anis, Fahami and Kassim, Salina (2016) Effectiveness of zakat-based programs on poverty alleviation and economic empowerment of poor women: A case study of Bangladesh. Journal of Islamic Monetary Economics and Finance, 1 (2). pp. 229-257. ISSN 2460-6618 E-ISSN 2460 6618 http://journalbankindonesia.org/index.php/JIMF/article/view/539/523
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HB Economic Theory HB801 Consumption. Demand HG Finance HG4301 Trust services
spellingShingle	HB Economic Theory HB801 Consumption. Demand HG Finance HG4301 Trust services Muhammad Anis, Fahami Kassim, Salina Effectiveness of zakat-based programs on poverty alleviation and economic empowerment of poor women: A case study of Bangladesh
description	Bangladesh has long been suffering from poverty and its accompanying problems. During the past few decades, many initiatives have been implemented such as microcredit and cash transfer programs, yet the results seemed to be ambiguous. New frontiers are now sought to find new sources of finance which could offer a more effective and sustainable solution to the root cause of the poverty problem. Considering the idea of entrepreneurship and group-based development approach of microcredit, a zakat-based development approach was initiated in Bangladesh at a private level by an organization called Center for Zakat Management (CZM) for poverty alleviation and sustainable economic empowerment targeting poor women in rural areas. This paper aims to assess the effectiveness of the CZM efforts in utilizing zakat funds for promoting entrepreneurship among poor rural women. Focusing on the case of Bangladesh, this study assesses the effectiveness of zakat on aspects such as income, house hold expense and fixed asset accumulation of the poor client based on the “before and after” approach.
format	Article
author	Muhammad Anis, Fahami Kassim, Salina
author_facet	Muhammad Anis, Fahami Kassim, Salina
author_sort	Muhammad Anis, Fahami
title	Effectiveness of zakat-based programs on poverty alleviation and economic empowerment of poor women: A case study of Bangladesh
title_short	Effectiveness of zakat-based programs on poverty alleviation and economic empowerment of poor women: A case study of Bangladesh
title_full	Effectiveness of zakat-based programs on poverty alleviation and economic empowerment of poor women: A case study of Bangladesh
title_fullStr	Effectiveness of zakat-based programs on poverty alleviation and economic empowerment of poor women: A case study of Bangladesh
title_full_unstemmed	Effectiveness of zakat-based programs on poverty alleviation and economic empowerment of poor women: A case study of Bangladesh
title_sort	effectiveness of zakat-based programs on poverty alleviation and economic empowerment of poor women: a case study of bangladesh
publisher	Islamic Economic and Finance Department, Bank Indonesia
publishDate	2016
url	http://irep.iium.edu.my/51964/ http://irep.iium.edu.my/51964/ http://irep.iium.edu.my/51964/1/005%20JIMEF%20Fahami.pdf
first_indexed	2023-09-18T21:13:41Z
last_indexed	2023-09-18T21:13:41Z
_version_	1777411420260925440

Effectiveness of zakat-based programs on poverty alleviation and economic empowerment of poor women: A case study of Bangladesh

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