Islamic Finance

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The paper estimates the resource gap for poverty reduction and potential of Zakāt and

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Poverty dominates the agenda of developing countries. Poverty was and still is one of the major impediments of human progress and societal development. Its existence is as old as human history while its alleviation is attributed to effective and successfull economic policies. Various approaches/policies are offered towards reducing poverty. These policies vary depending on time, space and the country concernced.

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By organizing as well as financing expenditures on education, health, welfare and a host of other activities, cash endowments played a vitally important role in the Ottoman social fabric and did so without any cost to the state. This article aims at analyzing the way these endowments functioned and contributed to the society over the long term, covering almost three hundred years. © 1995 E.J. Brill, Leiden.

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