Integrating Zakat and Waqf into the Poverty Reduction Strategy of the IDB Member Countries

The paper estimates the resource gap for poverty reduction and potential of Zakat and Waqf in the IDB member countries. Paper stresses on revival of the Zakat and Awqaf institutions and their enforcement, which will enable the IDB MCs to generate sufficient revenue for their all pro-poor expenditures. For any tangible results, the institutions of Zakat and Waqf need to be integrated into the poverty reduction strategy of the IDB member countries. The proceeds of these institutions should be made as a part of their pro-poor budgetary expenditures.