ESTIMATION OF ZAKAT PROCEEDS IN BANGLADESH: A TWO-APPROACH ATTEMPT
The purpose of this study is to calculate Zakat proceeds in Bangladesh by using both classical and contemporary or alternative Zakat calculation methods. The results reveal that the percentage of Zakat amount to GDP is significantly higher than the average, i.e., 2.5-3%; under the classical and alte...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Bank Indonesia
2022-02-01
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| Series: | Journal of Islamic Monetary Economics and Finance |
| Subjects: | |
| Online Access: | https://jimf-bi.org/index.php/JIMF/article/view/1455 |
| _version_ | 1797870610480627712 |
|---|---|
| author | Rashed Jahangir Mehmet Bulut |
| author_facet | Rashed Jahangir Mehmet Bulut |
| author_sort | Rashed Jahangir |
| collection | DOAJ |
| description | The purpose of this study is to calculate Zakat proceeds in Bangladesh by using both classical and contemporary or alternative Zakat calculation methods. The results reveal that the percentage of Zakat amount to GDP is significantly higher than the average, i.e., 2.5-3%; under the classical and alternative approaches, the Zakat proceeds are estimated as 3.79 and 2.33 percent of GDP, respectively. |
| first_indexed | 2024-04-10T00:31:12Z |
| format | Article |
| id | doaj.art-bafb89aaa7434b7eb6a500a765c3739c |
| institution | Directory Open Access Journal |
| issn | 2460-6146 2460-6618 |
| language | English |
| last_indexed | 2024-04-10T00:31:12Z |
| publishDate | 2022-02-01 |
| publisher | Bank Indonesia |
| record_format | Article |
| series | Journal of Islamic Monetary Economics and Finance |
| spelling | doaj.art-bafb89aaa7434b7eb6a500a765c3739c2023-03-15T04:08:09ZengBank IndonesiaJournal of Islamic Monetary Economics and Finance2460-61462460-66182022-02-018113314810.21098/jimf.v8i1.14551455ESTIMATION OF ZAKAT PROCEEDS IN BANGLADESH: A TWO-APPROACH ATTEMPTRashed Jahangir0Mehmet Bulut1Department of Islamic Economics and Finance, Istanbul Sabahattin Zaim University, Istanbul, TurkeyDepartment of Islamic Economics and Finance, Istanbul Sabahattin Zaim University, Istanbul, TurkeyThe purpose of this study is to calculate Zakat proceeds in Bangladesh by using both classical and contemporary or alternative Zakat calculation methods. The results reveal that the percentage of Zakat amount to GDP is significantly higher than the average, i.e., 2.5-3%; under the classical and alternative approaches, the Zakat proceeds are estimated as 3.79 and 2.33 percent of GDP, respectively.https://jimf-bi.org/index.php/JIMF/article/view/1455zakat, economic growth, poverty alleviation, islamic social finance. |
| spellingShingle | Rashed Jahangir Mehmet Bulut ESTIMATION OF ZAKAT PROCEEDS IN BANGLADESH: A TWO-APPROACH ATTEMPT Journal of Islamic Monetary Economics and Finance zakat, economic growth, poverty alleviation, islamic social finance. |
| title | ESTIMATION OF ZAKAT PROCEEDS IN BANGLADESH: A TWO-APPROACH ATTEMPT |
| title_full | ESTIMATION OF ZAKAT PROCEEDS IN BANGLADESH: A TWO-APPROACH ATTEMPT |
| title_fullStr | ESTIMATION OF ZAKAT PROCEEDS IN BANGLADESH: A TWO-APPROACH ATTEMPT |
| title_full_unstemmed | ESTIMATION OF ZAKAT PROCEEDS IN BANGLADESH: A TWO-APPROACH ATTEMPT |
| title_short | ESTIMATION OF ZAKAT PROCEEDS IN BANGLADESH: A TWO-APPROACH ATTEMPT |
| title_sort | estimation of zakat proceeds in bangladesh a two approach attempt |
| topic | zakat, economic growth, poverty alleviation, islamic social finance. |
| url | https://jimf-bi.org/index.php/JIMF/article/view/1455 |
| work_keys_str_mv | AT rashedjahangir estimationofzakatproceedsinbangladeshatwoapproachattempt AT mehmetbulut estimationofzakatproceedsinbangladeshatwoapproachattempt |