Scholarly Works
Permanent URI for this collectionhttps://repository.ui.edu.ng/handle/123456789/318
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Item Operation of the bayt al-Māl in Saki: implications for poverty alleviation in Nigeria(2017-04) Kareem, M. K.; Adetoro, Y. A.Different researches have brought to the fore a number of remarkable contributions of the Bayt Al-Māl as a fiscal policy in the redistribution of wealth. In Nigeria, a few studies have been undertaken to evaluate the evolution and state of the Bayt Al-Māl. None of the studies however have undertaken an analysis of the operation and impact of the Bayt Al-Māl in the town of Saki as a mechanism for the redistribution of wealth. Therefore, this paper examines the activities and impact of Saki’s Bayt Al-Māl in meeting some of the growing needs of Muslims, including in the areas of poverty alleviation, education and health. The study reveals that Saki’s Bayt Al-Māl has recorded tremendous achievements in meeting some of the growing needs of Muslims and non- Muslims in the areas of health and education through the establishment of a Muslim School of Basic Midwifery, Muslim Medical Foundation, Muslim Hospital, and Muslim Primary and High Schools. The paper concludes that a sound Bayt Al- Māl is a necessary pre-condition for the pursuit of effective poverty alleviation measures. The paper recommends that Zakat should be one of its main sources of funding.Item Utilizing islamic banking products to alleviate poverty in Nigeria(Department of Religious Studies, Obafemi Awolowo University, Ile-Ife, Nigeria, 2012) Kareem, M. K.Although successive governments and international organisations have tried to address the issue of poverty, the effects of their strategies and programmes have not made much impact on the poor. There is a need to search for better ways or strategies of implementing poverty reduction programmes to make them more effective and sustainable. The paper, therefore, enumerates the causes of poverty and the attempts of the past governments in Nigeria to alleviate it. It discusses how Islamic banking products can be utilized to alleviate poverty. It is easy to empower the poor and alleviate poverty in an Islamic economy through the use of the Islamic banking products, Zakat (alms) and qard hasan (good loan). Creation of jobs for both skilled and unskilled workers in the country is possible through Islamic finance.