Fighting Against Poverty in Moslem Country
Poverty is a plague ravaging the developing nations across the globe, but its impact is heavily felt in Muslim majoritynations ,where unemployment,illiteracy, chronic diseases,food shortage,sectarian wars and wave of militancy are surging at alarming rates. The purpose of this theoretical research is to develop a faith-based model to complement the conventional poverty reduction models.
Experiences have shown that find more acceptability among Muslim nations because they have theoretical and theological underpinnings from the Qur’an and Hadith, as opposed toconventional models that are often viewed with suspicion, sequel to Islamic revivalism. The proposed is a synergy of three social constructs, namely: corporate social responsibility , waqf system and zakat system (ZS). The research method is qualitative, while the technique for data sourcing is archival strategy.
Thesource data were critically analysed using content and thematic analyses from which facts, figures and presumptions were derived to support . The paper concludes calling on academic community, policymakers in and international development agencies to adopt. n Poverty, unemployment, illiteracy, diseases, hopelessness,violence and terrorism are global issues, but these social ills are surging more in the Muslim Majority Nations .
Poverty phenomenon is ravaging one-fifth of the world’s population across the globe. It is instructive to mention that 40% of the world’s 7 billion people struggle with absolute poverty, a phenomenon benched-mark as living on less that $2 dollars per day . Attempts to checkmate poverty scourge has occupied the attention of governments, scholars, donor agenciesand international organisations for several decades . The root of poverty and other socio-economicillsin is linked to ineffective governance policies causing ‘increasing income inequality’ and unfulfilled citizen’s expectations .
Other causes of poverty are associated with culture, harsh climate, gender-related issues, constraint of markets and counter-productive public policies in developing nations,which all combined to deprive the populace access to financial resources, arable land and other economic opportunities that could enhance quality wellbeing According to, the people who sufferthe pains of poverty most are the ethnic minorities, landless and vulnerable groups like widows, sick people, aged and orphaned children. Faced with the deplorable conditions as painted above, the mainstream clerics and Islamic economists across the globe have include poverty alleviation,as one of the corepriorities of contemporary Islamic movements because the quest to tackle poverty and enhance social welfare are critical, and fall within the purview of social and economic works of Islam .
It has also been argued that the key social institutions that could entrench social justice, maintain equity, redistribution of income and social peace in the contemporary Muslim societies are zakah, waqf and interest-free loan called qard hasan . For this research, waqf(endowment), zakat (compulsory alms)and corporate social responsibility arethe social constructs of interest. The first two (zakat and waqf) have survived as potent mechanisms for poverty reduction and welfare improvement in Islamic societies.
Waqf is a potent instrument which impacts on the economy, when viewed from macro perspective of transfer of immovable prosperity from the privileged rich to the poor members of the society. Whenever wealth is transferred by the rich to the poor, it leads to distribution of wealth, redistribution of national income, employmentstimulation and finally economic stability.
Besides, studies have shown that endemic poverty, unmitigated unemployment, frustration, and growing level of hopelessness in MMNs are the catalysts that lured youth to join radical politico-religious movements, hoping to reverse the undesirable social order through violent political changes . In Somalia, there are heterogeneous Islamic groups seeking a return to Islamic rule because of inefficient governance, but Ash-Shabab appears to be dominant fighting the Transitional Federal government as well as other groups to establish Islamic government; a project that left the country in shreds
Experiences have shown that find more acceptability among Muslim nations because they have theoretical and theological underpinnings from the Qur’an and Hadith, as opposed toconventional models that are often viewed with suspicion, sequel to Islamic revivalism. The proposed is a synergy of three social constructs, namely: corporate social responsibility , waqf system and zakat system (ZS). The research method is qualitative, while the technique for data sourcing is archival strategy.
Thesource data were critically analysed using content and thematic analyses from which facts, figures and presumptions were derived to support . The paper concludes calling on academic community, policymakers in and international development agencies to adopt. n Poverty, unemployment, illiteracy, diseases, hopelessness,violence and terrorism are global issues, but these social ills are surging more in the Muslim Majority Nations .
Poverty phenomenon is ravaging one-fifth of the world’s population across the globe. It is instructive to mention that 40% of the world’s 7 billion people struggle with absolute poverty, a phenomenon benched-mark as living on less that $2 dollars per day . Attempts to checkmate poverty scourge has occupied the attention of governments, scholars, donor agenciesand international organisations for several decades . The root of poverty and other socio-economicillsin is linked to ineffective governance policies causing ‘increasing income inequality’ and unfulfilled citizen’s expectations .
Other causes of poverty are associated with culture, harsh climate, gender-related issues, constraint of markets and counter-productive public policies in developing nations,which all combined to deprive the populace access to financial resources, arable land and other economic opportunities that could enhance quality wellbeing According to, the people who sufferthe pains of poverty most are the ethnic minorities, landless and vulnerable groups like widows, sick people, aged and orphaned children. Faced with the deplorable conditions as painted above, the mainstream clerics and Islamic economists across the globe have include poverty alleviation,as one of the corepriorities of contemporary Islamic movements because the quest to tackle poverty and enhance social welfare are critical, and fall within the purview of social and economic works of Islam .
It has also been argued that the key social institutions that could entrench social justice, maintain equity, redistribution of income and social peace in the contemporary Muslim societies are zakah, waqf and interest-free loan called qard hasan . For this research, waqf(endowment), zakat (compulsory alms)and corporate social responsibility arethe social constructs of interest. The first two (zakat and waqf) have survived as potent mechanisms for poverty reduction and welfare improvement in Islamic societies.
Waqf is a potent instrument which impacts on the economy, when viewed from macro perspective of transfer of immovable prosperity from the privileged rich to the poor members of the society. Whenever wealth is transferred by the rich to the poor, it leads to distribution of wealth, redistribution of national income, employmentstimulation and finally economic stability.
Besides, studies have shown that endemic poverty, unmitigated unemployment, frustration, and growing level of hopelessness in MMNs are the catalysts that lured youth to join radical politico-religious movements, hoping to reverse the undesirable social order through violent political changes . In Somalia, there are heterogeneous Islamic groups seeking a return to Islamic rule because of inefficient governance, but Ash-Shabab appears to be dominant fighting the Transitional Federal government as well as other groups to establish Islamic government; a project that left the country in shreds
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