Utilisation of zakāhand waqffund in micro-takāfulmodels in Malaysia: an exploratory study

Autor: Mikail, Said Adekunle, Ahmad, Muhammad Ali Jinnah, Adekunle, Salami Saheed
Zdroj: ISRA International Journal of Islamic Finance; July 2017, Vol. 9 Issue: 1 p100-105, 6p
Abstrakt: Purpose: This paper aims to investigate the utilisation of both zakāhand waqffund as external resources to ensure micro-takāfulservices are delivered to underserved communities in an effective and sustainable manner. It also addresses Sharīʿah issues related to the zakāh- and waqf-based model. Design/methodology/approach: The study is a qualitative-based research. It uses both focus group and content analysis approach to gather primary data and identify and interpret relevant secondary data and Sharīʿah concepts in developing the zakāh- and waqf-based micro-takāfulmodel. Findings: It is discovered throughout the investigation of attributes of beneficiaries of zakāhand waqfinstitutions as well as micro-takāfulscheme that all share commonalities in terms of social securities and socio-economic support to low-income households in societies. The study also finds that the disintegration of zakāhand waqfwhich form part of the Islamic ecosystem from the micro-takāfulmodel makes it less effective and sustainable. Originality/value: This study appears as a primitive attempt to discuss and develop a zakāhand waqf-based micro-takāfulmodel with reference to Malaysian jurisdiction.
Databáze: Supplemental Index