TY  - JOUR
TT  - Through Islamic Banks’ Zakat House (IBZH): Investment of Zakah Funds in Microfinance to Remove Poverty in Bangladesh: A New Model
AU  - Uddın, Ahm Ershad
PY  - 2016
DA  - March
JF  - Uluslararası İslam Ekonomisi ve Finansı Araştırmaları Dergisi
JO  - IJISEF
PB  - Politik Ekonomik ve Sosyal Araştırmalar Merkezi
WT  - DergiPark
SN  - 2149-8393
SP  - 1
EP  - 25
VL  - 2
IS  - 1
KW  - Islamic Banks’ Zakat House (IBZH)
KW  - Microfinance
KW  - Bangladesh
N2  - One of Zakat’s main objectives is to help eliminate poverty and famine. And in Shari’ah, the obligation of zakat payment is elaborated which if not maintained holds severe consequences. Zakat has its unique features of supporting the poor in providing a collateral free financial stability. The main socioeconomic factors in all the developing Muslim countries are poverty, unemployment and economic inequality which results in not meeting the basic needs of the poor. In a country like Bangladesh consisting of Muslim Majority, although governmental and nongovernmental institutions collect and distribute zakat yet the ultimate goal of zakat is not attained completely. At present, modern Islamic jurists reinforce the notion of microfinance investment through the collection and usage of zakat money. This paper consists of a static ground for the poverty removal creating a financial institution which is equally responsible as those present in Bangladesh but with a different route in eliminating poverty where schemes can be initiated along with opening opportunities of employment. Finally, it also surfaces the model in investment of zakat fund through IBZH with opinions of Islamic jurists. This Islamic Banks Zakah House (IBZH) is an amalgamated forum of the present eight established private Islamic banks of Bangladesh
UR  - https://dergipark.org.tr/en/pub/ijisef/issue//313838
L1  - https://dergipark.org.tr/en/download/article-file/303967
ER  -