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

Ishrat Hossain ()
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Ishrat Hossain: Qatar University

Chapter Chapter 5 in Financial Inclusion and Poverty Alleviation, 2017, pp 201-218 from Palgrave Macmillan

Abstract: 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.

Keywords: Zakat; Food security; Salam finance contract; Food bank (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psibcp:978-3-319-69799-4_5

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DOI: 10.1007/978-3-319-69799-4_5

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