Conferences

The Islamic approach to poverty alleviation is mainly done through the redistribution of wealth to fulfill the basic needs of the poorer strata of the society. However, even though this approach has been successful in mitigating absolute poverty, the emphasis of the system is simply the fulfillment of basic needs and not towards the creation of viable financial systems. While the redistribution of wealth can sometimes lead to a system of providing subsidized credit to the poor, there is no viable Islamic compatible system of creating sustainable financial intermediation among the poor.

Poverty alleviation is a much talked-about issue in contemporary politico-economic discourse across the globe. Many NGOs and other types of organizations are striving hard to address this issue but their success story is not as encouraging as one might perceive. Fundamental to their limitation is the basic fact that they are using secular and value-neutral methods to achieve their goals. In recent days Microfinance has emerged as a dominant mechanism for poverty alleviation.

This paper presents a single model integrating “Zakat, Awqaf and Micro-Financing” on Islamic principles and concepts that could work as an Islamic alternative to poverty alleviation. The paper analyzes three separate models of

A spectacular growth of micro-credit did not contribute much to poverty alleviation in Bangladesh. In order to address the problem properly, an Islamic microfinance model Rural Development Scheme (RDS) was implemented since 1995 by the Islamic Bank Bangladesh Limited (IBBL). This paper assesses the main objective of RDS, which sought to implement an integrated program of income generation, education and sanitation for fulfillment of basic needs and the overall betterment of targeted poor households.

Different countries have implemented various methods in their poverty elimination programs such as redistribution policies, financing low income groups, subsidizing, and enhancing the capabilities of the poor. The study of poverty alleviation is one of the most important considerations in Islamic thoughts.

This paper theoretically examines the role of

This paper examines the applications of Islamic Finance in Azerbaijan, a secular post-Soviet state in which Islamic financial institutions (including microfinance) have emerged and developed, and in which the

First, this paper analyzes the inadequacies of the market mechanism, as well as the current interventions at governmental and non-governmental levels under its tools of poverty alleviation and points out the need for introducing a continuous basic minimum initial asset/capital transfer mechanism, like

Waqf has always been a productive instrument in alleviating poverty and enhancing welfare.

To alleviate poverty in the world through Islamically-permissible methods, the paper posits the creation of