Poverty Alleviaton through Zakah and Waqf Institutions: A Case for the Muslim Ummah in Ghana

Dogarawa, Ahmad Bello

doi:10.2139/ssrn.1622122

Cited by 27 publications

(21 citation statements)

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“…According to Sadri (2010) entrepreneurship is both cause and consequence of economic growth; technological advancement and conceptual innovation and they are interknitted, interconnected and interwoven with one another. Indeed, poverty does not only depend on resource endowments, population size, economic and social policies, but also on the kinds of economic activities that are being undertaken (Dogarawa 2009). Empirical studies revealed that the problems faced by Muslim countries are chronic absolute poverty, high unemployment, inequality of income distribution, low levels of productivity in primary sector, increasing inequality of living standards, less optimal fulfillment of public facilities (education and health), a worsening balance of payments and the most severe is the foreign debt and the weakening of the institutional structure and system of values and customs are increasingly faded due to external influences (Affandi and Astuti 2013;Djumiarti 2005).…”

Section: Causes Of Poverty In Muslim Countriesmentioning

confidence: 99%

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Poverty alleviation by Zakah in a transitional economy: a small business entrepreneurial framework

2015

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Around 3 billion people are living in poverty of which 35 % are from Muslim World (World Bank 2010). In this case, global Muslim community has prime role to address the injustice of global poverty through zakah as an Islamic faith-based institution and having potential annual fund of $139.32 billion in Muslim world. This study designed an explanatory sequential mixed method. For qualitative data, 17 managers were interviewed and 85 zakah recipients were purposively surveyed (disproportionate sampling) for quantitative purpose between August 1 and December 30, 2013. The results indicate that zakah has significant bearing on the conditions of zakah recipients and lie the foundation of developing small business entrepreneurship by mobilizing zakah as seed money (investment) and not as spent money (consumption). A five-phased process model underpinned by two well-grounded theories: Becker's human capital theory and Kirkpatrick's training evaluation taxonomy has been proposed for developing entrepreneurship having universal application. The model's implications for alleviating poverty by governments, zakah management institutions, and policy makers also discussed in the paper.JEL Codes: I32; L26; P36

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Section: Causes Of Poverty In Muslim Countriesmentioning

confidence: 99%

“…Indeed, relative poverty exists as long as there is inequality in income and wealth distribution. Thus, relative poverty is not a serious problem as long as it does not imply absolute poverty (Dogarawa 2009). …”

Section: Introductionmentioning

confidence: 99%

Poverty alleviation by Zakah in a transitional economy: a small business entrepreneurial framework

2015

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“…The compulsory and optional charities in Islam such as Zakat and Sadaqah , respectively, address the poverty problem by adopting basically a redistributive approach, while waqf can be used to enhance the capabilities of the poor to take care of themselves by provisioning basic well-being and associated human development and empowerment services. Supporting the poor has always been a priority among the waqf objectives to the extent that it has become known in the Shari'ah that if a founder does not mention an objective for her/his waqf , supporting the poor and needy must be considered the de facto objective (Dogarawa, 2009 ).…”

Section: Waqf and Human Securitymentioning

confidence: 99%

Human Security and Philanthropy

Hasan¹

2015

Nonprofit and Civil Society Studies

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“…It requires that all worldly resources are to be utilized in a manner fulfilling the needs of all human beings and to serve the objective of achieving equitable distribution of income and wealth (Dogarawa, 2009). Specifically, Islam provides that wealth should not be circulated only among certain sector of the societythe rich (Quran, 59:7).…”

Section: Introductionmentioning

confidence: 99%

“…Finally, and in the specific context of social and economic development, awqaf extends the role of zakah which ensures the flow of cash fund to those in needasnafs or zakah beneficiaries. This is done by mobilizing resources (Raimi et al, 2010;Salim, 2007) and providing the necessary material infrastructure (Dogarawa, 2009).…”

Section: Introductionmentioning

confidence: 99%

Accountability in the sacred context

Nahar

Yaacob

2011

Journal of Islamic Accounting and Business Research

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Purpose -The concept of accountability has long been argued in the academic and public policy debate to have been contextually ingrained in the technical processes of accounting and reporting. Both processes provide lenses through which the extent of managerial accountability in the corporate context could be objectively examined. The sacred religion of Islam as a social order with a complete code of life classifies accountability as being dual; in line with the duality concept in life -in this temporal world and eternal hereafter, necessitating for accountability concept in accounting and reporting from the Islamic worldview to transcend beyond the point of worldly objectives. Parallel to this line of reasoning, the purpose of this paper is to undertake a preliminary empirical investigation with respect to accounting, reporting and accountability practices of a Malaysian cash awqaf (Islamic endowment) management institution over a six-year period, from 2000 to 2005. Design/methodology/approach -The paper uses triangulation research approach, consisting of case study method and archival documentation review and analysis. Findings -The preliminary findings indicate that, while the root of accountability in the management, accounting and reporting practices seems to exist in the awqaf entity studied, significant improvements remain necessary to ensure accountability could be continuously enhanced and uphold. Originality/value -Debating accountability concept in the context of management, accounting and reporting as practiced by faith-based institution of awqaf from the Islamic perspective inevitably directs this study to highlight the notion of Islamic accounting and reporting commonly and extensively discussed in the realm of Islamic finance and banking. The study's conjecture is that, by debunking the myth of Islamic accounting and reporting as only serving the acute domain of transactions reflecting the Islamic financial products in banking environment, it helps to reshape, broaden and emphasize the all encompassing relevance of Islamic accounting and reporting to that of not-for-profits, religiously grounded entities such as awqaf institutions. The study further contributes to the accountability and financial reporting literature in Islamic not-for-profit organizations by studying the importance of sound accounting practices and reporting transparency in ensuring accountability.

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Poverty Alleviaton through Zakah and Waqf Institutions: A Case for the Muslim Ummah in Ghana

Cited by 27 publications

References 1 publication

Poverty alleviation by Zakah in a transitional economy: a small business entrepreneurial framework

Poverty alleviation by Zakah in a transitional economy: a small business entrepreneurial framework

Human Security and Philanthropy

Accountability in the sacred context

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