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Quality of Institutions and Inclusive Financial Development in the Muslim World Read chapter Read first chapter

2017 | OriginalPaper | Chapter

5. Application of Zakat to Food Security in the Context of Low-Income Rural Areas in Bangladesh: A Conceptual Model

Author : Ishrat Hossain

Published in: Financial Inclusion and Poverty Alleviation

Publisher: Springer International Publishing

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Abstract

Food security is at the forefront of worldwide policy debates. Food security is not only about production, but also includes accessibility, availability, and affordability of nutritious food. Zakat plays a central role in Islamic economic welfare system. The objective of this study is to outline a model to use Zakat as a tool to improve food security as well as fulfill the goal of taking care of the poor and needy of a rural locality. This faith-based novel approach to inclusive development would allow more flexibility to integrate moral and ethical codes in the process. The most vulnerable households among the eligible recipients of food as Zakat would receive food vouchers or ration cards, giving them easy access to the food bank on a weekly or monthly basis.

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previous chapter Financial Inclusion and Poverty Alleviation in Muslim-majority Countries: The Role of Islamic Finance and Qard Hassan
next chapter Behavioral Dimensions of Islamic Philanthropy: The Case of Zakat
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Metadata
Title
Application of Zakat to Food Security in the Context of Low-Income Rural Areas in Bangladesh: A Conceptual Model
Author
Ishrat Hossain
Copyright Year
2017
Book
Financial Inclusion and Poverty Alleviation

Print ISBN: 978-3-319-69798-7

Electronic ISBN: 978-3-319-69799-4

Copyright Year: 2017

DOI
https://doi.org/10.1007/978-3-319-69799-4_5