Behavioral Dimensions of Islamic Philanthropy: The Case of Zakat

Mohammed Obaidullah () and Turkhan Ali Abdul Manap
Additional contact information
Mohammed Obaidullah: Islamic Development Bank Group

Chapter Chapter 6 in Financial Inclusion and Poverty Alleviation, 2017, pp 219-243 from Palgrave Macmillan

Abstract: Abstract This chapter studies the behavior of individual Islamic donors who make a specific type of religious contribution called zakat. It seeks to provide a fundamental understanding of what governs the behavior of these donors—the triggers and motivators, traits and attributes, and preferences. The study uses hierarchical cluster analysis to develop psychographic profiles of individual Islamic donors or groups among them. Interestingly, two of the three clusters closely resemble subsets of the overall sample, when disaggregated on the basis of donor’s country of origin, indicating the possibility that Islamic donors from a given country may be displaying a distinct behavioral pattern. This raises a more profound possibility that the national identity of the donor associated with a unique social, economic, legal, and political environment may be a key influencer of the way she/he engages in matters pertaining to faith. The evidence highlights the need to give due importance to the observed diversity among zakat donors in any initiative to develop core principles, regulatory standards, institutional infrastructure, and models of governance for the development of this component of the global Islamic social finance sector.

Keywords: Islamic philanthropy; Zakat; Behavioral; Development (search for similar items in EconPapers)
JEL-codes: G20 G21 G28 (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Working Paper: Behavioral Dimensions of Islamic Philanthropy: The Case of Zakat (2017)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:psibcp:978-3-319-69799-4_6

Ordering information: This item can be ordered from
http://www.palgrave.com/9783319697994

DOI: 10.1007/978-3-319-69799-4_6

Access Statistics for this chapter

More chapters in Palgrave Studies in Islamic Banking, Finance and Economics from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().