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Managing social inequality risk in Lagos state: the role of zakat ngos

Several socio-economic policies initiated by various governments in Nigeria have failed to curb the evil effects of social inequality risks (SIR). Lagos State being the country's commercial capital city, is worse hit by virtue of its huge population. Zakat, the third pillar of Islam, is ord...

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Main Authors: Olalekan Yusuf, Tajudeen, Busari, Saheed Abdullahi, Ismail Olohunfunmi, Abdulfatai, Simisola Fa-Yusuf, Habeebah
Format: Article
Language:English
Published: USIM Press 2021
Subjects:
BPH Islamic Economics
BPH104 Islam and poverty
HJ1438 Public Finance In Islam
Online Access:http://irep.iium.edu.my/91010/13/91010_Managing%20social%20inequality%20risk%20in%20Lagos%20state.pdf
http://irep.iium.edu.my/91010/
https://jmifr.usim.edu.my/index.php/jmifr
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spelling my.iium.irep.910102021-07-26T01:26:27Z http://irep.iium.edu.my/91010/ Managing social inequality risk in Lagos state: the role of zakat ngos Olalekan Yusuf, Tajudeen Busari, Saheed Abdullahi Ismail Olohunfunmi, Abdulfatai Simisola Fa-Yusuf, Habeebah BPH Islamic Economics BPH104 Islam and poverty HJ1438 Public Finance In Islam Several socio-economic policies initiated by various governments in Nigeria have failed to curb the evil effects of social inequality risks (SIR). Lagos State being the country's commercial capital city, is worse hit by virtue of its huge population. Zakat, the third pillar of Islam, is ordained to bridge this gap that SIR creates by redistributing income among the citizenry. This study is intended to explore how zakat institutions have been effective in complementing Government's initiatives at combating social inequality risks in Lagos-Nigeria. The study utilized data gathered from 500 middle-class respondents randomly selected in Lagos's middle-class location via an online survey channel by identifying five SIR dimensions. The data were analyzed using Statistical Package for Social Sciences (SPSS) version 25, while descriptive and Multiple Regression analysis were used as tools for the data analysis. Findings suggest that SIR is still endemic in the study area which mirrored the near ineffectiveness of zakat institutions. In addition, the available zakat institutions were found to be ineffective and overwhelmed to meet the demands of their patrons. Also, zakat institutions were found to be beset by inaccessibility and dwindling resources. It is suggested that the Government utilize the zakat institutions to reach the grassroots for a more significant impact on reducing the SIR incidences. USIM Press 2021-06-01 Article PeerReviewed application/pdf en http://irep.iium.edu.my/91010/13/91010_Managing%20social%20inequality%20risk%20in%20Lagos%20state.pdf Olalekan Yusuf, Tajudeen and Busari, Saheed Abdullahi and Ismail Olohunfunmi, Abdulfatai and Simisola Fa-Yusuf, Habeebah (2021) Managing social inequality risk in Lagos state: the role of zakat ngos. Managing social inequality risk in lagos state: the role of zakat ngos, 18 (1). pp. 90-107. ISSN 1823-075X E-ISSN 0126-5954 https://jmifr.usim.edu.my/index.php/jmifr
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
topic BPH Islamic Economics
BPH104 Islam and poverty
HJ1438 Public Finance In Islam
spellingShingle BPH Islamic Economics
BPH104 Islam and poverty
HJ1438 Public Finance In Islam
Olalekan Yusuf, Tajudeen
Busari, Saheed Abdullahi
Ismail Olohunfunmi, Abdulfatai
Simisola Fa-Yusuf, Habeebah
Managing social inequality risk in Lagos state: the role of zakat ngos
description Several socio-economic policies initiated by various governments in Nigeria have failed to curb the evil effects of social inequality risks (SIR). Lagos State being the country's commercial capital city, is worse hit by virtue of its huge population. Zakat, the third pillar of Islam, is ordained to bridge this gap that SIR creates by redistributing income among the citizenry. This study is intended to explore how zakat institutions have been effective in complementing Government's initiatives at combating social inequality risks in Lagos-Nigeria. The study utilized data gathered from 500 middle-class respondents randomly selected in Lagos's middle-class location via an online survey channel by identifying five SIR dimensions. The data were analyzed using Statistical Package for Social Sciences (SPSS) version 25, while descriptive and Multiple Regression analysis were used as tools for the data analysis. Findings suggest that SIR is still endemic in the study area which mirrored the near ineffectiveness of zakat institutions. In addition, the available zakat institutions were found to be ineffective and overwhelmed to meet the demands of their patrons. Also, zakat institutions were found to be beset by inaccessibility and dwindling resources. It is suggested that the Government utilize the zakat institutions to reach the grassroots for a more significant impact on reducing the SIR incidences.
format Article
author Olalekan Yusuf, Tajudeen
Busari, Saheed Abdullahi
Ismail Olohunfunmi, Abdulfatai
Simisola Fa-Yusuf, Habeebah
author_facet Olalekan Yusuf, Tajudeen
Busari, Saheed Abdullahi
Ismail Olohunfunmi, Abdulfatai
Simisola Fa-Yusuf, Habeebah
author_sort Olalekan Yusuf, Tajudeen
title Managing social inequality risk in Lagos state: the role of zakat ngos
title_short Managing social inequality risk in Lagos state: the role of zakat ngos
title_full Managing social inequality risk in Lagos state: the role of zakat ngos
title_fullStr Managing social inequality risk in Lagos state: the role of zakat ngos
title_full_unstemmed Managing social inequality risk in Lagos state: the role of zakat ngos
title_sort managing social inequality risk in lagos state: the role of zakat ngos
publisher USIM Press
publishDate 2021
url http://irep.iium.edu.my/91010/13/91010_Managing%20social%20inequality%20risk%20in%20Lagos%20state.pdf
http://irep.iium.edu.my/91010/
https://jmifr.usim.edu.my/index.php/jmifr
_version_ 1706956606070063104
score 13.211869

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