The Viability of WAQF and ZAKAH as Social Safety Nets for Poverty Reduction in Nigeria

Lukman Raimi 163 PAGES (66808 WORDS) Article
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The purpose of this paper is to explore the viability of waqf and zakah as social safety nets (SSNs) for poverty reduction in Nigeria. The increasing rates of poverty, unemployment, crime, trafficking in persons and ethno-religious conflicts provide justification for an ethical approach to economic development in Nigeria. In making a case for the two ultra-religious models, the qualitative research method was preferred relying on documentary sources. The information sourced from previous studies, Qur’an, Hadith, working papers, institutional documents and internet resources were critically analysed in relation with the socio-economic situation of Nigeria. The findings indicate that waqf and zakah models have potential as sustainable social safety nets for poverty reduction in Nigeria where the conventional social security system is failing or non-existent. The paper concludes by urging international development institutions, Islamic organisations and policymakers to explore the potential of waqf and zakah for delivery of welfare services and public goods to the citizens with a view to fast tracking economic development.

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APA

Lukman, R (2019). The Viability of WAQF and ZAKAH as Social Safety Nets for Poverty Reduction in Nigeria. Afribary.com: Retrieved December 04, 2020, from https://afribary.com/works/waqf-and-zakah-as-social-safetynets-for-poverty-reduction-in-nigeria-waqf-wief-uitm-occasional-papers-89-2

MLA 8th

Raimi, Lukman. "The Viability of WAQF and ZAKAH as Social Safety Nets for Poverty Reduction in Nigeria" Afribary.com. Afribary.com, 24 Aug. 2019, https://afribary.com/works/waqf-and-zakah-as-social-safetynets-for-poverty-reduction-in-nigeria-waqf-wief-uitm-occasional-papers-89-2 . Accessed 04 Dec. 2020.

MLA7

Raimi, Lukman. "The Viability of WAQF and ZAKAH as Social Safety Nets for Poverty Reduction in Nigeria". Afribary.com, Afribary.com, 24 Aug. 2019. Web. 04 Dec. 2020. < https://afribary.com/works/waqf-and-zakah-as-social-safetynets-for-poverty-reduction-in-nigeria-waqf-wief-uitm-occasional-papers-89-2 >.

Chicago

Raimi, Lukman. "The Viability of WAQF and ZAKAH as Social Safety Nets for Poverty Reduction in Nigeria" Afribary.com (2019). Accessed December 04, 2020. https://afribary.com/works/waqf-and-zakah-as-social-safetynets-for-poverty-reduction-in-nigeria-waqf-wief-uitm-occasional-papers-89-2