Where is the Place for Zakat in Sustainable Development Goals?

Abdul Ghafar Ismail, Salman Ahmed Shaikh

Abstract


In this paper, we explore the potential of institution of Zakat to meet the development challenges, especially in the Muslim world.  We discuss the interlinkages between the institution of Zakat and Maqasid al-Shari’ah. We also discuss the economic potential and effects of Zakat by reviewing theoretical and empirical studies. Finally, we also provide our analysis which suggests that Zakat can play an important role in meeting sustainable development goals related to poverty, hunger, global health and well-being, quality education, decent wok and economic growth and income inequality. 


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References


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