ABSTRACT
This chapter presents a financial technology Zakat distribution system (ZDS) that uses artificial intelligence, blockchain, machine learning, and natural language processes. ZDS uses artificial intelligence, machine learning techniques, natural language processing, and an inference engine for recommendations. In modern terms, it is one of the most important tools for poverty alleviation and financial inclusion. The chapter discusses the Zakat system in India and the issues in the context of India. Based on a survey from more than 4,500 Muslims in India, it was concluded that 70% of the respondents feel that Zakat is an important tool to eradicate poverty among Muslims in India. The chapter also discusses the problems and issues in the Zakat collection and distribution system in general. The problems of efficiency in distribution, including reaching the right beneficiaries are also addressed by the proposed system.
