Islamic Social Finance
Social Finance

Islamic Social Finance: Protecting Economies and Communities in the COVID-19 Era and Beyond

By Dr. Maizaitulaidawati Md Husin, Associate Professor, Azman Hashim International Business School, Universiti Teknologi Malaysia Islamic social finance refers to modes of finance rooted in Islamic ethics and intended for social benefit. It consists of instruments and institutions that could be used to alleviate poverty. Instruments such as Sadaqah (charitable giving), Waqf (endowments and trusts), Zakat (obligatory

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Social Cohesion
Zakat

Social Cohesion Through Zakat

By Dr. Lafeer Muhfeeth Can Zakat distribution be used as a mechanism to enhance social cohesion in multi-cultural, multi-ethnic, and multi-religious societies? In this article, we will show that Zakat can be disbursed among all needy citizens, regardless of their religion and race, as a means to win their hearts and enhance social cohesion. Why is

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Bitcoin Global Sadaqah
Crypto

Bit by Bit Journey of Bitcoin

Everywhere we go there is talk of Blockchain and Bitcoin. It has created a buzz in every corner of the globe. People are comparing blockchain to the discovery of the Internet.  Imam al-Bukhari titled a chapter in his Sahih demonstrating a very important attribute that a Muslim must observe. The title is: العلم قبل القول

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5 Hunger Related Campaigns You Can Donate To This World Food Day
Charity

5 Hunger Related Campaigns You Can Donate to This World Food Day

Food is one of the necessities of humans. Maslow’s hierarchy of needs categorised it under physiological needs, the most essential of our needs. Our body needs food for energy, and various nutrients to stay healthy. Yet the world is at a critical juncture where the number of undernourished people continued to rise in 2020 amid

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Giving Sadaqah
Sadaqah

The Power of Sadaqah: 7 Benefits of Giving Sadaqah

Allah loves those who do good, “And do good, for Allah certainly loves the good-doers” (Qur’an 2: 195), and giving sadaqah is part of it. It’s one of the practices that Allah repeatedly emphasised in the Qur’an after salah (prayers). In fact, the word ‘sadaqah’, and its plural ‘sadaqat’, are mentioned 12 times in the

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The Impact of Zakat on Muslim Society
Zakat

The Impact of Zakat in Muslim Society

Zakat is an obligatory form of charity that all eligible Muslims pay as required by the Shariah. If you’re a Muslim and you have a certain amount of wealth, you probably already pay Zakat every year. But a lot of us don’t really comprehend how Zakat can impact and shape society for the benefit of

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Giving Items Instead of Cash for Zakat
Zakat

Giving Items Instead of Cash for Zakat

If you’re a Muslim, you probably know about Zakat, one of the five pillars of Islam. You may have even given Zakat previously if you’re eligible. And if you give Zakat regularly every year, chances are you’ve always given it as cash money.  Most people give Zakat in cash, but if you have ever wondered

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The Need to Adopt Technology in Zakat Administration
Zakat

The Need to Adopt Technology in Zakat Administration

Associate Professor Dr Aishath MuneezaINCEIF, Malaysia Zakat as we all know is a very important pillar of Islam and a socio-economic tool for alleviating poverty. The effectiveness of zakat when properly applied has been demonstrated throughout history. For instance, during the period of the Caliph Umar bin Abdul Aziz, it is said that there were

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