Search for tag: "poverty"

Social protection around the world: Who is covered against what, how and where?

Social protection systems help poor and vulnerable people cope with crises and shocks, find jobs, invest in the health and education of their children, and protect the aging population. Social…

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Components of Islamic Social Finance

Islamic social finance can be categorized into three types: philanthropy, mutual cooperation, and investment models for entrepreneurs and venture capitalism. Philanthropy and mutual cooperation can…

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Islamic Social Finance Instruments: Zakat

Zakat, most broadly, is a type of almsgiving which is a must to pay for every Muslim who has wealth beyond a certain threshold. It is defined as an Islamic tax on wealth, and those who reach a…

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Zakat as a Socio-Financial Tool

Zakat as a socio-financial tool is used to circulate the wealth in the society from rich to poor. By disbursing zakat to the needy and poor, zakat helps create a caring society where poverty can be…

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Islamic Social Finance Instruments: Sadaqah

Sadaqah is a charitable giving and is a non-obligatory amount of money paid to help the needy and the poor. Anyone has the ability and willingness can do so, and there are no rules applied to it…

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Case Study: Channeling Microfinance Through a Commercial Bank: Islami Bank Bangladesh Limited (IBBL)

In 1995, Islami Bank Bangladesh Limited (IBBL) introduced the Rural Development Scheme. The Scheme was developed by converting the microcredit program into an Islamic microfinance program for the…

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Social Security and Protection Against Risks

Islamic social finance institutions can be developed to protect against the impact of negative shocks on poorer households. In the case of negative shocks, zakat can be used as debt relief for the…

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Mitigating Risk and Vulnerabilities

Low-income people are vulnerable to risks as poverty and vulnerability reinforce each other whereby risk events can move households into poverty traps. Since negative shocks contribute to the…

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Case Study: An Interest-Free Microfinance Institution - Akhuwat Pakistan

Akhuwat was founded in 2001 with the vision of creating and nurturing a poverty-free society to be built on the principles of compassion and equity, and to support the underprivileged members of the…

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Case Study : Charity-Based Microfinance - Islamic Relief Worldwide

Islamic Relief works in over 40 countries – fundraising in the global North and implementing humanitarian and development projects in the Global South, including microfinance in 10 countries in…

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Financing the 2030 Agenda

The 2030 Agenda requires substantial levels of investment in areas such as health care, education, infrastructure, energy, climate change, as well as peace, security and resilience of economies. …

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Intangible cultural heritage and income generation

This chapter reflects on the contribution of intangible cultural heritage to generating income and sustaining livelihoods for communities, groups and individuals. Learners discover how local…

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Introducing SDG 1: No poverty

Around 10% of the world’s population still lives in extreme poverty, with the majority of the people living in extreme poverty living in sub-Saharan Africa. SDG 1 aims to eradicate extreme…

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Economic growth’s relationship to poverty and inequality

This video explores the bigger picture questions about the size of an economy and how it links to poverty and inequality. More specifically, it talks about economic growth and the Gross Domestic…

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New inequalities of the 21st-century

In this chapter, we will explain the dynamics of inequalities in today's world, looking beyond income and beyond averages. What matters for development is not the money we make, but the…

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Poverty, inequality, and the COVID-19 pandemic

Today we will discuss the effects of what economists call "exogenous shocks," or shocks external to our systems of economy and society on the lives of poor people. We will examine the ways…

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