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Sustainable Poverty Alleviation through Integration of Waqf and Microfinance: A Case Study of Sokoto State, Nigeria

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Main Authors: Yusuf Sanyinna, Abu Bakar, Muhammad Farihal, Osman, Hydzulkifli Hashim, Omar
Other Authors: abyusan@gmail.com
Format: Article
Language:English
Published: School of Business Innovation and Technopreneurship, Universiti Malaysia Perlis (UniMAP) 2018
Subjects:
Microfinance
Micro-small-and-medium enterprises (MSMEs)
Nigeria
Poverty Alleviation
Sokoto
Online Access:http://dspace.unimap.edu.my:80/xmlui/handle/123456789/51431
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spelling my.unimap-514312018-07-24T02:36:28Z Sustainable Poverty Alleviation through Integration of Waqf and Microfinance: A Case Study of Sokoto State, Nigeria Yusuf Sanyinna, Abu Bakar Muhammad Farihal, Osman Hydzulkifli Hashim, Omar abyusan@gmail.com farihal@uum.edu.my hydzulkifli@uum.edu.my Microfinance Micro-small-and-medium enterprises (MSMEs) Nigeria Poverty Alleviation Sokoto Link to publisher's homepage at http://ijbt.unimap.edu.my This is an exploratory research aimed at unveiling many myths surrounding the prevalence of poverty in the Nigerian State of Sokoto. This study attempts to disclose the failure of previous conventional poverty-alleviation programs and suggests ways of resuscitating waqf institution in order to achieve sustainable poverty alleviation in the state. Case Study Approach of Qualitative Research Method was adopted in this research and data was collected through relevant literature survey, face-to-face interview, observation and archival studies. Descriptive technique was used for data analysis findings indicate that poverty in Sokoto State remains resistant to all successive conventional measures of its alleviation. The potentials of waqf are found not adequately harnessed for sustainable poverty alleviation. Thus, there is a need for re-focusing the activities of waqf institution towards achieving the ultimate goal. Waqf-based microfinance evidently proved to be an effective way of alleviating poverty which can be achieved by financing MSMEs and enhancing earning potentials of the poor. Weak management of waqf properties amounts to waste of hard-earned resources. While prevalence of poverty culminates in the rising rate of ignorance, unemployment, hunger, diseases and social vices. All stakeholders in the phenomenon; arms of government, the rich, scholars and the general public, should be live up to their respective responsibilities. Unlike zakah that has confinements and limitations, waqf has an openended pooling system that can squarely tackle the problem of poverty if professionally managed. 2018-02-01T08:51:18Z 2018-02-01T08:51:18Z 2017-10 Article International Journal of Business and Technopreneurship, vol.7(3), 2017, pages 273-306 2231-7090 2232-1543 (online) http://dspace.unimap.edu.my:80/xmlui/handle/123456789/51431 en School of Business Innovation and Technopreneurship, Universiti Malaysia Perlis (UniMAP)
institution Universiti Malaysia Perlis
building UniMAP Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Perlis
content_source UniMAP Library Digital Repository
url_provider http://dspace.unimap.edu.my/
language English
topic Microfinance
Micro-small-and-medium enterprises (MSMEs)
Nigeria
Poverty Alleviation
Sokoto
spellingShingle Microfinance
Micro-small-and-medium enterprises (MSMEs)
Nigeria
Poverty Alleviation
Sokoto
Yusuf Sanyinna, Abu Bakar
Muhammad Farihal, Osman
Hydzulkifli Hashim, Omar
Sustainable Poverty Alleviation through Integration of Waqf and Microfinance: A Case Study of Sokoto State, Nigeria
description Link to publisher's homepage at http://ijbt.unimap.edu.my
author2 abyusan@gmail.com
author_facet abyusan@gmail.com
Yusuf Sanyinna, Abu Bakar
Muhammad Farihal, Osman
Hydzulkifli Hashim, Omar
format Article
author Yusuf Sanyinna, Abu Bakar
Muhammad Farihal, Osman
Hydzulkifli Hashim, Omar
author_sort Yusuf Sanyinna, Abu Bakar
title Sustainable Poverty Alleviation through Integration of Waqf and Microfinance: A Case Study of Sokoto State, Nigeria
title_short Sustainable Poverty Alleviation through Integration of Waqf and Microfinance: A Case Study of Sokoto State, Nigeria
title_full Sustainable Poverty Alleviation through Integration of Waqf and Microfinance: A Case Study of Sokoto State, Nigeria
title_fullStr Sustainable Poverty Alleviation through Integration of Waqf and Microfinance: A Case Study of Sokoto State, Nigeria
title_full_unstemmed Sustainable Poverty Alleviation through Integration of Waqf and Microfinance: A Case Study of Sokoto State, Nigeria
title_sort sustainable poverty alleviation through integration of waqf and microfinance: a case study of sokoto state, nigeria
publisher School of Business Innovation and Technopreneurship, Universiti Malaysia Perlis (UniMAP)
publishDate 2018
url http://dspace.unimap.edu.my:80/xmlui/handle/123456789/51431
_version_ 1643804064819970048
score 13.222552

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