Utilisation of zakah and waqf fund in micro-takaful models in Malaysia : an exploratory study
Joint Authors
Ahmad, Muhammad Ali Jinnah
Mikail, Said Adekunle
Adekunle, Salami Saheed
Source
ISRA International Journal of Islamic Finance
Issue
Vol. 9, Issue 1 (30 Jun. 2017), pp.100-105, 6 p.
Publisher
International Shari'ah Research Academy for Islamic Finance
Publication Date
2017-06-30
Country of Publication
Malaysia
No. of Pages
6
Main Subjects
Financial and Accounting Sciences
Abstract EN
Purpose This paper aims to investigate the utilisation of both zakāh and waqf fund as external resources to ensure micro-takāful services 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-takāful model.
Findings It is discovered throughout the investigation of attributes of beneficiaries of zakāh and waqf institutions as well as micro-takāful scheme 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 zakāh and waqf which form part of the Islamic ecosystem from the micro-takāful model makes it less effective and sustainable.
Originality/value This study appears as a primitive attempt to discuss and develop a zakāh and waqf-based micro-takāful model with reference to Malaysian jurisdiction.
American Psychological Association (APA)
Mikail, Said Adekunle& Ahmad, Muhammad Ali Jinnah& Adekunle, Salami Saheed. 2017. Utilisation of zakah and waqf fund in micro-takaful models in Malaysia : an exploratory study. ISRA International Journal of Islamic Finance،Vol. 9, no. 1, pp.100-105.
https://search.emarefa.net/detail/BIM-965052
Modern Language Association (MLA)
Mikail, Said Adekunle…[et al.]. Utilisation of zakah and waqf fund in micro-takaful models in Malaysia : an exploratory study. ISRA International Journal of Islamic Finance Vol. 9, no. 1 (2017), pp.100-105.
https://search.emarefa.net/detail/BIM-965052
American Medical Association (AMA)
Mikail, Said Adekunle& Ahmad, Muhammad Ali Jinnah& Adekunle, Salami Saheed. Utilisation of zakah and waqf fund in micro-takaful models in Malaysia : an exploratory study. ISRA International Journal of Islamic Finance. 2017. Vol. 9, no. 1, pp.100-105.
https://search.emarefa.net/detail/BIM-965052
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 104-105
Record ID
BIM-965052