Sustainable finance: how does zakat management matter?

Habibullah, Mohammad and Haron, Razali (2024) Sustainable finance: how does zakat management matter? In: Islamic Sustainable Finance: Policy, Risk and Regulation. Islamic Business and Finance Series . Routledge, New York, pp. 160-169. ISBN 978-1-032-49784-6

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Abstract

The goal of this study is to present a broad explanation on the idea of effective zakat governance, utilizing its management as a significant remedy in the pervasive financial crisis of today. The objective of this research is to investigate the effects of excellent governance on zakat administration because it is a requirement for a good society. A set of social policies that are focused on zakat management, a vibrant private sector, and broad-based economic growth are all required for good governance. From an Islamic perspective, it is essential to carefully implement excellent authority in order to maximize social and economic growth. Islam offers rules for social, political, and economic institutions since it is a complete code of life. Therefore, Islam is concerned with collecting zakat and ensuring that its entire populace has a decent existence through an ongoing welfare program that is necessary for all Muslims. As a result, Islamic authorities must be concerned with maintaining economic stability and steady growth in order to prevent a decline in their subjects' level of living. So, delivering and implementing rules and obligations in the best way is effective governance. The Shari'ah protects justice for the general public and encourages ethical behavior in all spheres of life, hence the goal of the Islamic system of good governance is to end social injustice, eliminate corruption, and promote public welfare. Data gathering techniques include reading and researching in libraries, as well as analyzing the content of primary and secondary sources.

Item Type:	Book Chapter
Uncontrolled Keywords:	Good governance, Zakat management, Economic growth, Good society
Subjects:	BPH Islamic Economics > BPH531 Zakat BPH Islamic Economics > BPH72 Economic development. Growth. Sustainable development. Sustainability H Social Sciences > HG Finance > HG3368 Islamic Banking and Finance H Social Sciences > HG Finance > HG4001 Financial management. Business finance. Corporation finance.
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Institute of Islamic Banking & Finance (IIiBF)
Depositing User:	Dr. Mohammad Habibullah
Date Deposited:	06 Sep 2024 10:35
Last Modified:	06 Sep 2024 10:35
URI:	http://irep.iium.edu.my/id/eprint/113945

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