Abstract
Poverty is the main illness for sustainable livelihood because it destroyed human basic rights for surviving with minimum opportunities especially political, social stability and economic processes, literature and environment. The aims of this study are to discuss about existing approaches of poverty alleviation and sustainable livelihood. The study found throughout the discussion of the theoretical sources i.e., participatory approaches have determined as a good way of poverty alleviation and sustainable livelihood especially zakat based Islamic mode of financing and Qard-al-Hasan on the basis of spiritual values as an alternative model for poverty alleviation and ensuring sustainable livelihood.
Highlights
The poverty and approaches of poverty alleviation are key attentions to development practitioner since the world running in the way of civilized
The participatory approaches have been recognized as the prime strategies in the overall movement to end of the poverty (Hossain, 1988)
In the era of highgrowth Islamic banking, the best-fit alternative to conventional participatory approaches is an Islamic mode of financing, which promises the same benefits based on Shariah
Summary
20% from institutions and 33-120% in non-institutional cases, as one of the major impediments behind the. The new classical approach acknowledges the market leddevelopment for poverty alleviation and improve livelihood of the poor in the long run It is based on the premise where there is positive progress in the poverty reduction through the “Trickle- Down” that generates profit and reinvested in the economy. (Oyen et al, 1996) reported that the Green revolution helps to reduce poverty in the member’s countries i.e. India, Pakistan, Nepal and Bangladesh of South Asian Association for Regional Co-operation (SAARC) They found that Green revolution transformed the rural traditional economy by creating jobs with sound waves, stimulated different types of industrial development including input and demand linkage between agricultural production and incomes. Definite time frame (Obaidullah, 2008)
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