Qardhul Hasan as a proposed tool for social financing through temporary cash waqf and zakah: a maqasid approach

Ghalia, Bouhedda and Subhani, Zulqernain Haider (2022) Qardhul Hasan as a proposed tool for social financing through temporary cash waqf and zakah: a maqasid approach. In: 10th Asean International Conference on Islamic Finance 2022, 6th - 8th December 2022, Virtual and Face to Face at DoubleTree by Hilton, Kuala Lumpur. (Unpublished)

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Abstract

This research article aims to study the possibility of actualizing temporary cash Waqf and Zakah in contemporary world as they constitute the basin pillars of social financing in Islamic financial and economic system, and they have a very important role in achieving higher intents of Shariah like justice, social cooperation, and economic welfare. The problem of the research lies in the differences of opinions of scholars regarding permissibility of applying Qardhul Hasan on Zakah and this article attempts to employ Maqasid approach to give the preference among those views as well as delineating the rules and proposing suitable tools for it. Similarly, it again taking Maqasid approach propose application of Qardhul Hasan on temporary cash Waqf. The study is carried out considering the contemporary Islamic banks in general and suggest for actual application in Malaysian context. Content analysis and comparative analysis methods have been used to carry out the research. The research concludes that applying Qardhul Hasan through temporary cash Waqf and Zakah for social financing is permissible in the light of Maqasid-e-Shariah.

Item Type:	Conference or Workshop Item (Slide Presentation)
Uncontrolled Keywords:	Temporary Cash Waqf, Qardhul Hasan, Social financing, Islamic banks, Maqasid-e-Shariah
Subjects:	BPH Islamic Economics BPH Islamic Economics > BPH104 Islam and poverty BPH Islamic Economics > BPH531 Zakat BPH Islamic Economics > BPH741 Waqf
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Islamic Revealed Knowledge and Human Sciences Kulliyyah of Islamic Revealed Knowledge and Human Sciences > Department of Fiqh and Usul al-Fiqh
Depositing User:	Assoc. Pro Bouhedda Ghalia
Date Deposited:	29 Dec 2022 14:55
Last Modified:	01 Feb 2023 17:30
URI:	http://irep.iium.edu.my/id/eprint/102730

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