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dc.contributor.authorIsmail, Zenobia
dc.date.accessioned2018-04-19T14:54:17Z
dc.date.available2018-04-19T14:54:17Z
dc.date.issued2018-03-23
dc.identifier.citationIsmail, Z. (2018) Using Zakat for International Development. K4D Helpdesk Report. Birmingham UK: University of Birmingham.en
dc.identifier.urihttp://opendocs.ids.ac.uk/opendocs/handle/123456789/13647
dc.description.abstractThis review focuses on Zakat, a particular form of almsgiving within Islam. The value of Zakat is estimated to range from US$ 200 billion to US$ 1 trillion per annum across the world (Stirk, 2015) or around US$ 187 million among countries in the Organisation of Islamic Co-operation (Shaikh, 2016). Therefore, interest in mobilising Zakat for poverty alleviation in Muslim majority countries as well as for international development is rising. Zakat is an important source of funding for Muslim humanitarian organisations which operate across the globe. However, de-risking, a term coined in the banking sector to reduce the risk of money laundering and funding of terrorism by blocking international transactions or raising the criteria for processing them, is the most serious challenge faced by Zakat collecting Muslim charities.en
dc.language.isoenen
dc.publisherInstitute of Development Studiesen
dc.relation.ispartofseriesK4D Helpdesk Report;
dc.rights.urihttps://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/en
dc.subjectDevelopment Policyen
dc.subjectFinanceen
dc.titleUsing Zakat for International Developmenten
dc.typeOtheren
dc.rights.holderDFIDen
dcterms.dateAccepted2018-03-23
rioxxterms.funderDefault funderen
rioxxterms.identifier.projectK4Den
rioxxterms.versionNAen
rioxxterms.funder.project0986883a-6d0f-4bb8-9c46-5e0682934d65en


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  • K4D [446]
    K4D supports learning and the use of evidence to improve the impact of development policy and programmes. The programme is designed to assist DFID and other partners to be innovative and responsive to rapidly changing and complex development challenges.

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