How Far Corporate Zakat May Contribute to Sustainable Development Goals?

Suhail Ahmad () and S. Ghiasul Haq
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Suhail Ahmad: Sarhad University of Science and Information Technology
S. Ghiasul Haq: Sarhad University of Science and Information Technology

Chapter Chapter 21 in Islamic Wealth and the SDGs, 2021, pp 421-437 from Springer

Abstract: Abstract Sustainable Development Goals’ purpose is to improve the current state of 17 goals in each and every country across the globe and the way forward toward the achievement of these seventeen goals. Each country has formulated their own strategies and planning for the attainment of these goals set by UN from 2016 to 2030. Developed countries of the world are fast in the race while developing countries are trying to get maximum welfare to it and stabilize their community in terms of food, nutrition, shelter, education, health, gender equality, as well as cultural and social norms of their society and individuals. Some countries adopted the Islamic social finance (Zakat, Awqaf, and Sadaqah) model for the working of these SDGs in their regions, literature reveals that this model is very effective and gets promising results. The prominent is Islamic social finance which shows and practicing in the different countries across the globe like, Malaysia, Pakistan, Indonesia, Bangladesh, and other developed nations across the globe. The study reveals and sees that how the corporate Zakat may contribute in SDGs, it shows that corporate Zakat plays a vital and indispensable role in the achievement of SDGs in Pakistan. There are different governmental and non-governmental organizations (NGOs) working for the sack of the welfare of the community which resulted in progress of SDGs in the country. A slight review undertaken here on these NGOs which playing their due role in SDGs especially, zero hunger, education, health, poverty, and gender equality and social justice in the country.

Keywords: Corporate Zakat; SDGs; Poverty; Zero Hunger; Education; Health; Welfare; Pakistan (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-65313-2_21

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DOI: 10.1007/978-3-030-65313-2_21

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