Zakat and Waqf Model in Reducing Poverty among Vulnerable Groups During the Pandemic in Nigeria

Authors

  • Adamu Abubakar Muhammad Federal University of Kashere
  • Mohammad Zen Nasrudin Fajri Universitas Darussalam Gontor
  • Ibrahim Dahiru Idriss Federal College of Education (Technical)
  • Athar Shahbaz Wani Islamic University of Science and Technology, India

DOI:

https://doi.org/10.21111/jiep.v7i1.12182

Keywords:

Poverty Alleviation, Nigeria, Vulnerable, Zakat and Waqf

Abstract

The crisis of COVID-19 pandemic has already crushed and affected almost everyone in the world. In terms of economy, the vulnerable group was the most affected group in the society as many of them lose their jobs and thus poverty rate rose. Poverty is a worldwide spread problem that results pains and loss of confidence to many people in the world where vulnerable citizens of Bauchi state-Nigeria are not excluded. The menace of poverty during COVID-19 pandemic can be alleviated through proper Zakat and Waqf administrations. This study explores the possible uses of Zakat and Waqf as financing tools for poverty alleviation during COVID-19 pandemic on the vulnerable in the society. The qualitative approach is adopted which includes review of related literatures and interview with relevant bodies and individuals. The findings of the study reveals that Zakat and Waqf as an Islamic finance models have relevant potential to fight any contemporary crisis and pandemic in respect of geographical location, era, people or religion. Zakat and Waqf if properly organized, maintained, collected, well managed and truthfully distributed to the people concerned can help in fighting the adverse effect of COVID-19 pandemic and alleviate poverty among the vulnerable in Bauchi state Nigeria.

Author Biography

Adamu Abubakar Muhammad, Federal University of Kashere

Dr. Adamu Abubakar Muhammad Department of Religious Studies, Federal University of Kashere, Gombe State Nigeria Email: aamuhammad@fukashere.edu.ng Link: Google Scholar

References

Ahmad, R. A., Azid, T., & Mahfudz, A. A. (2024). Impact of ethical social financing on the development of socio-economic status of a developing country like Indonesia. International Journal of Education Economics and Development, 15(1), 431–449. https://doi.org/10.1504/ijeed.2024.10063057

Ahmad, R. A., Mafaza, S. A., & Handayani, R. (2021). Integrated Cash Waqf and Islamic Microfinance to Poverty Alleviate. El-Barka: Journal of Islamic Economics and Business, 4(1), 61–80. https://doi.org/10.21154/elbarka.v4i1.3018

Abdullahi, S. (2019). “How waqf, zakat can boost infrastructural needs of Nigeria”, available at:

https:// guardian.ng/features/friday-worship/how-waqf-zakat-can-boost-infrastructural-needs-of-nigeria/ (accessed 16 September 2019).

Adamu A.M and Ibrahim D.I (2021). Zakat and Waqf as a Possible Solution to Socio-economic Hardship during Covid-19 Pandemic Crisis in Nigeria. A paper presented at the 11th Foundation of Islamic Finance Conference (FIFC) 2021 with the theme: “Covid-19 Challenges to Islamic Financial Firms and Economies” on 20-22nd March, 2021.

Adebayo, R.I. (2011). “Zakat and poverty alleviation: a lesson for the fiscal policy maker’s in Nigeria”, Journal of Islamic Economics, Banking and Finance, Vol. 7 No. 4, pp. 25-42.

Adebayo, M. B. (2008). Zakat: The neglected pillar, Al-Maslaha. Journal of Law and Religion, 4 (1), 144–156.

Ahmed, H. (2004). Roles of Zakah and Awqaf in Poverty Alleviation.Jeddah: Islamic Development Bank.

Ali, J. A. (2012). Islamic revivalism encounters the modern world: A study of the Tabligh Jama’at. New Delhi: Sterling

Aliyu, S.U.R. (2018), “A treatise on socioeconomic roles of waqf”, MPRA Paper No. 91413. Germany, available at: https://mpra.ub.uni-muenchen.de/91413/1/MPRA_paper_91413.pdf (accessed 16 September 2019).

Al-Qardawiy, Yusuf (1999), Fiqh-az-zakat : Monzer Kahf (Travel) King Abdulaziz University, Saudi Arabia. Volume, Daril Taqara, London. 32, Lake Road, Lahore, Pakistan, Published: Burhan Education and Welfare Trust, 198-N Samanabad, Lahore, Pakistan.

As-Sallabi, Ali Muhammad. Umar Bin ‘Abd-‘Aziz. London: Darussalam, 2015. Print.

Daud, M., & Audu, M. A. (2011). The economic significance of the zakah system: An Exploratory analysis of its fiscal characteristics. Elixir Finance Management, 36, 3085-3090.

Dogarawa, A. B. (2009). Poverty Alleviation through Zakah and Waqf Institutions: A Case for the Muslim Ummah in Ghana. Paper presented at the First National Muslim Summit, Ghana, 3 October 2009.

Erkens, D.H., Hung, M., Matos, P. 2012. Corporate governance in the 2007–2008 financial crisis: Evidence from financial institutions worldwide. Journal of corporate finance, 18(2), 389-411.

Farah A.N, Rashidah A & Normah O. (2012). Zakat and Poverty Alleviation: Roles of Zakat Institutions in Malaysia. International Journal of Arts and Commerce, Vol.1 No. 7.

Gambling, T. E. & Karim, R. A. A. (1986). Islamic and ‘social accounting’.Journal of Business Finance & Accounting, 13(1), 39-50.

Hamid, S., Craig, R. & Clarke, F. (1993). Religion: A confounding cultural element in the international harmonization of accounting? ABACUS, 29(2), 131-148.

Hassan, M. K., & Ashraf, A. (2010). An integrated poverty alleviation model combining zakat, awqaf and micro-finance. In Seventh International Conference–The Tawhidic Epistemology: Zakat and Waqf Economy, Bangi, Malaysia (pp. 261-281).

Haykal, M. (1982). Life of Muhammad, Lagos: Islamic Publications Bureau. Pp. 7-10.

Hudayati, A. & Tohirin, A. (2010).Management of Zakah: Centralised vs Decentralised Approach. Paper presented at Seventh International Conference – The Tawhidi Epistemology: Zakat and Waqf Economy, Bangi Lewis, M. K. (2001). Islam and accounting.Accounting Forum, 25(2), 103-127.

Ibrahim, Mohamed, S. H. (2001). Islamic accounting – Accounting for the ew Millennium?Paper presented at the Asia Pacific Conference. Kelantan, Malaysia: International Islamic University Malaysia. Retrieved September 2, 2007, from http://www.iiu.edu.my/iaw

Khan, Raza Ali (2007) “Understanding Poverty through the Eyes of Lowsalaried Government Employees: A Case Study of the NED University of Engineering and Technology”, The Pakistan Development Review, Vol. 46, No. 4, Part II (Winter 2007) pp. 623–641

Lessy 2 (2009) Zakkat (aim giving) management in Indonesia; whose job should it be? La Riba jounal ekonomi islam. 3(1)

Lewis, M. K. (2001). Islam and accounting.Accounting Forum, 25(2), 103-127.

Lewis, W. Arthur. (1954). Economic Development with Unlimited Supplies of Labour. Manchester School, 22(2), pp.139-191.

Md Isa, Y. Z. (2011).The Relationship Between Poverty Elimination and Asnaf Entrepreneurial Scheme. Unpublished Masters Theses.Universiti Utara Malaysia.

Mohammed, J. A. (2007). Corporate Social Responsibility in Islam.Unpublished doctoral thesis, Auckland University of Technology.Retrieved September 14, 2008, from Dissertations and Thesis Databases.

Muhammad S.C (2003). A Book titled “Fundamentals of Islamic Economic System” Chapter 13 Public Revenue: ISBN: 969-8487-00-X, First Ed. July, 1999, Printed: Al-Matbaat-ul-Arabia.

Mwangi, Esther and Markelova, Helen (2008) “Collective Action and Property Rights for Poverty Reduction - A Review of Methods and Approaches”, CAPRi Working Paper No. 82, June 2008, International Food Policy Research Institute, 2033 K Street NW, Washington, DC 20006-1002 USA‟ www.capri.cgiar.org

OECD (2001) “The DAC Guidelines Poverty Reduction”, Organization for Economic Co-Operation and Development, OECD Publications Service, 2, rue André-Pascal, 75775 Paris Cedex 16, Paris France.

Raimi, L., Bello, M. A., & Mobolaji, H. (2010). Faith‐based model as a policy response to the actualization of the millennium development goals in Nigeria. Humanomics. , Vol. 26 No. 2, pp. 126-128.

Shirazi, Nasim Shah and Khan, Aman Ullah (2009) “Role of Pakistan Poverty Alleviation Fund‟s Micro Credit in Poverty Alleviation - A Case of Pakistan”, Pakistan Economic and Social Review Volume 47, No. 2 (Winter 2009), pp. 215-228.

Sulaiman, M. (2003).The influence of riba and zakat on Islamic accounting.Indonesian Management and Accounting Review, 2 (2), 149-167.

Susilo, A., & Djayusman, R. R. (2021). Dampak Regulasi Zakat terhadap Penguatan BAZNAS sebagai Lembaga Pemerintah Nonstruktural (No. 2d9ge). Center for Open Science.

United Nations.(2012). Millennium Development Goals. Retrieved February 15, 2012, from http://www.un.org/millenniumgoals/poverty.shtml

World Bank. (2007). Malaysia and the Knowledge Economy: Building a World-Class Higher Education System. Retrieved February 29, 2012, from http://siteresources.worldbank.org/INTMALAYSIA/Resources/Malaysia-Knowledge-Economy2007.pdf

White, L. S. (2004). The influence of religion on the globalization of accounting standards. Retrieved September 1, 2007, from http://cbfa.org/papers/2004conf/White.doc

Downloads

Published

2024-08-26

Issue

Vol. 7 No. 1 (2024): August

Section

Articles