Over the years, Poverty alleviation programs and policies have evolved, including a succession of policies and plans by Government, Non-Governmental Organizations and International Donor Agencies. The Nigerian Government at different times introduced policies and plans with a view to addressing the problem of poverty but the problem still persists. In spite of these various efforts as intensified by both internal and external systems, of poverty has become not only more complicated but almost impossible due largely to a number of challenges notable among which are both individual and institutional. This amplifies that the efforts have proven too inadequate to reduce poverty, hence persistence of the scourge in the country. Using poverty indicators such as literacy level, access to safe water, nutrition, infant and maternal mortality, and the number of people living on less than $1 a day, Nigeria is found to rank among the 25 poorest nations in the world below Kenya, Ghana and Zambia. It is obvious that from 1960 till date, all Nigerian governments, be it military or civilian, have come up with one form of poverty reduction or alleviation programme or another, meant to reduce the level of poverty, give hope and succor to the poor and, or move towards some sort of wealth creation. Strategies, policies and plans have been formulated and executed over these years. These programmes have been judged by scholars not to be satisfactory. Inspite of all such previous government efforts at alleviating poverty in Nigeria, the incidence and severity of poverty has continued to pose formidable threats to the welfare of Nigerians and sustainable development of the country. To this end, a myriad of problems have been identified as constraints on poverty alleviation programmes in Nigeria. Despite the relevance of religion in solving developmental problems of Nigeria little is done to explore in the development literature Islamic strategies of alleviating poverty. Against this backdrop, the paper seeks to explore the Islamic strategies of alleviating poverty.