ESTIMATION OF ZAKAT PROCEEDS IN BANGLADESH: A TWO-APPROACH ATTEMPT

  • Rashed Jahangir Department of Islamic Economics and Finance, Istanbul Sabahattin Zaim University, Istanbul, Turkey
  • Mehmet Bulut Department of Islamic Economics and Finance, Istanbul Sabahattin Zaim University, Istanbul, Turkey
Keywords: Zakat, Economic growth, Poverty alleviation, Islamic social finance.

Abstract

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.

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Published
2022-02-28
How to Cite
Jahangir, R., & Bulut, M. (2022). ESTIMATION OF ZAKAT PROCEEDS IN BANGLADESH: A TWO-APPROACH ATTEMPT. Journal of Islamic Monetary Economics and Finance, 8(1), 133 - 148. https://doi.org/10.21098/jimf.v8i1.1455
Section
Articles