Waqf potentials as a relief tool during covid-19 lockdown in Lagos, Nigeria

Zakariyah, Yushau and Zakariyah, Habeebullah and Mohd Noor, Azman (2021) Waqf potentials as a relief tool during covid-19 lockdown in Lagos, Nigeria. In: The Importance of New Technologies and Entrepreneurship in Business Development: In The Context of Economic Diversity in Developing Countries. Springer International Publishing, Nature Switzerland AG, pp. 1859-1869. ISBN 978-3-030-69220-9

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Abstract

The foundational principle of Islam is Rahman and the beloved Prophet of Islam (peace be upon him) has been sent as rahmatan Lil Alamin, mercy to all mankind. It is upon this principle that Islam incorporates different programs that will make life comfortable for all mankind. These kinds of programs include Sadaqah, Zakat, and by extension Waqf. The latter has been used in many countries such as Malaysia, Turkey, Kuwait, etc. as a way of alleviating poverty, bridging the socio-economic gap, and empower masses especially the vulnerable. As the whole world was unexpectedly sparked by the novel pandemic, COVID 19, every country has been on toe not only to protect her habitants and city but also to render assistance on the basic needs. Some countries like Nigeria have been overwhelmed in successfully carrying out this task. They become “lone wolf” in this situation. This paper assesses how the pandemic affects the livelihood of people in Lagos state in Nigeria and the reliefs provided by the government to help the situation. It is thus revealed that Lagos State has the highest number of coronavirus cases with more than ten thousand cases. The pandemic affected the source of income of people and everyone finds it difficult to meet ends meet. The government has supported people through cash transfer and food distribution. However, it is found that the government alone was on the ‘battlefield’ making the matter complicated and the relief provided insubstantial. It is on this base that this study recommends creation of Waqf institution to provide complementary role in such situation and beyond.

Item Type:	Book Chapter
Additional Information:	8636/88903
Uncontrolled Keywords:	Covid 19 · Waqf · Socio-economic development · Poverty reduction · Nigeria
Subjects:	BPH Islamic Economics > BPH741 Waqf H Social Sciences > HG Finance > HG3368 Islamic Banking and Finance
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Institute of Islamic Banking & Finance (IIiBF)
Depositing User:	DR HABEEBULLAH ZAKARIYAH
Date Deposited:	01 Apr 2021 10:52
Last Modified:	20 May 2021 14:38
URI:	http://irep.iium.edu.my/id/eprint/88903

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