Abstract
Zakat is one of the pillars of Islam but also one of the pillars important the fight against poverty, in this research paper we will propose an econometric model to measure the contribution and the impact of zakat fund in Algeria in the fight against poverty from 2003 to 2013 to achieve this we have used an estimation with the OLS method. Through that we have arrived at that result which demonstrates that the Algerian zakat fund helps to create new businesses, which leads the reduction of unemployment and poverty but this contribution remains small. DOI: 10.5901/mjss.2016.v7n3p256
Highlights
The scourge of poverty is increased in all countries of the world; each country tries to cope by implementing strategies to fight against poverty( EFIGIP, 2011), and it cannot have a strategy to fight against poverty without observation, without indicator, or aimless. (Gadrey J, Jany-Catrice F, 2005)
Algeria has established Zakat Fund, which operates under the supervision of the Ministry of Religious Affairs to reduce poverty and help to reduce the unemployment, and it works in cooperation and coordination with neighborhood committees and the Senate and religious committees (Hassas,A, 2010)
The financing of investment projects for the benefit of unemployed youth: Speak of the Zakat Fund is in Algeria raises many questions, and among the questions that present the idea of the investment from the fund Zakat, and formulas that can be based on investment, especially when it comes to rate projects that can be beneficial for the unemployed
Summary
The scourge of poverty is increased in all countries of the world; each country tries to cope by implementing strategies to fight against poverty( EFIGIP, 2011), and it cannot have a strategy to fight against poverty without observation, without indicator, or aimless. (Gadrey J, Jany-Catrice F, 2005). The scourge of poverty is increased in all countries of the world; each country tries to cope by implementing strategies to fight against poverty( EFIGIP, 2011), and it cannot have a strategy to fight against poverty without observation, without indicator, or aimless. The problem of our study is: How zakat fund can reduce poverty and what's its contribution since its establishment in Algeria?
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