Corporate social responsibility, Waqf system and Zakat system as faith-based model for poverty reduction

L Raimi, A Patel, I Adelopo - World Journal of Entrepreneurship …, 2014 - emerald.com
World Journal of Entrepreneurship, Management and Sustainable Development, 2014emerald.com
Purpose Poverty is a plague which has continental manifestation, but its impact is heavily felt
in several Muslim majority nations (MMNs), where unemployment, illiteracy, chronic
diseases, food shortage, sectarian wars and wave of militancy are surging at alarming rates.
The purpose of this paper is to develop a faith-based model (FBM) to complement the
conventional poverty reduction models. Experiences have shown that FBMs find more
acceptability among Muslim nations because they have theoretical and theological …
Abstract
Purpose
Poverty is a plague which has continental manifestation, but its impact is heavily felt in several Muslim majority nations (MMNs), where unemployment, illiteracy, chronic diseases, food shortage, sectarian wars and wave of militancy are surging at alarming rates. The purpose of this paper is to develop a faith-based model (FBM) to complement the conventional poverty reduction models. Experiences have shown that FBMs find more acceptability among Muslim nations because they have theoretical and theological underpinnings from the Qur’an and Hadith, as opposed to conventional models that are often viewed with suspicion, sequel to Islamic revivalism.
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