—This study examines the roles and efficiency of waqf properties, zakat, sadaqat, and public funding in transforming and alleviating poverty among the less privileged Nigerian Muslims in particular and Nigerians at large. Many Nigerians are living on less than two dollars per day based on the NAPEP submission in 2013. The majority of Nigerian Muslims are wallowing in abject poverty due to their insufficient and unsustainable means of income. The present situation of some Nigerian Muslims is worsening due to their financial constraints and poverty rate across the Nigeria as a result of uncontrolled corruption confronting the nation and unemployment. The conditions of Nigerian Muslims require urgent improvement financially, educationally, socially and spiritually. In light of this, how can the integration of waqf properties, zakat, sadaqat, and public funding play viable and commendable roles in poverty reduction among Nigerian Muslims. It will further discuss the collected charitable funds that can be used to empower Nigerian Muslim households. The paper concludes with a number of suggestions to remedy the situation and optimize these sources of funding.
—Nigerian muslims, poverty, waqf property, zakat, Sadaqat, public funding and household empowerment.
Yusuff Jelili Amuda is with Department of Finance, Kulliyyah of Economics and Management SciencesInternational Islamic University, Malaysia (e-mail: firstname.lastname@example.org, email@example.com).
Cite:Yusuff Jelili Amuda, "Empowerment of Nigerian Muslim Households through Waqf, Zakat, Sadaqat and Public Funding," International Journal of Trade, Economics and Finance vol.4, no.6, pp. 419-424, 2013.