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Qitmeer Network Enhances Zakat Tracebility In Nigeria
ISSN: 2716 - 6643
Publisher: author
Qitmeer Network Enhances Zakat Tracebility In Nigeria
Indexed in
Social Sciences
ARTICLE-FACTOR
1.3
Article Basics Score: 2
Article Transparency Score: 3
Article Operation Score: 3
Article Articles Score: 3
Article Accessibility Score: 3
SUBMIT PAPER ASK QUESTION
International Category Code (ICC):
ICC-0202
Publisher: Azka International Journal Of Zakat & Social Finance Akade..
International Journal Address (IAA):
IAA.ZONE/271678366643
eISSN
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2716 - 6643
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Abstract
Zakat is mandatory annual alms given from property in which zakat is due from it when it reaches nisab. There are challenges facing Zakat management in Nigeria, which includes unawareness of Zakat calculation, lack of transparency in the collection and distribution of Zakat, lack of Zakat payers’ confidence in their donation, and lack of channeling Zakat to the eight groups of people on whom Zakat should be given. The challenges facing by Zakat management led to the failure of the Zakat administration to eradicate poverty and to uplift social welfare in the community. Qitmeer network is the first public chain serving the ecosystem of ethical finance, socially responsible investment, and Islamic Finance for enhancing financial inclusion. Qitmeer network support Zakat management to gain the confidence of the public by ensuring transparency and disclosure of all Zakat activities in term of collection and distribution of Zakat. The trac...
