Islamic Financial Inclusion and relieving the COVID-19 impact through Zakat and Waqf

Alaghbari, Lina Mohammed Abdo and Othman, Anwar Hasan Abdullah (2021) Islamic Financial Inclusion and relieving the COVID-19 impact through Zakat and Waqf. International Journal of Al-Turath In Islamic Wealth and Finance, 2 (2). pp. 1-25. E-ISSN 2716-6856

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Abstract

The importance of Islamic financial inclusion is not limited to promoting access and use of Islamic financial services, butalso a significant tool to encourage and raise awareness among members of the community in casting their Zakat, endowment (Waqf) and charitable donations into dedicated funds in order to achieve the sustainable development of society. Therefore, this study aimed that Islamic financial inclusion is one of the most important strategies to face the COVID-19 crisis through Zakat and Waqf toolsand introduce them in the form of Qard al-Hasan, Islamic finance, etc.In order to alleviate the pandemic. Thus, society as a whole is transformed into high productive capacity with human and economic development, free from unemployment and poverty, and people are transformed from zakatand waqf recipients to Zakat payers and Waqf contributors.This study follows analytical descriptive approach which is based on secondary data related to the subject matter,then analyse it. so that the study provides a proposal for the use of Zakat and Waqftools; to overcome the pandemic, and to try to eliminate unemployment and poverty, with a recommendation for future research on the appropriate mechanism for implementing the proposal.

Item Type:	Article (Journal)
Uncontrolled Keywords:	Islamic financial inclusion, Zakat, Waqf, COVID-19
Subjects:	BPH Islamic Economics > BPH531 Zakat BPH Islamic Economics > BPH741 Waqf
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Institute of Islamic Banking & Finance (IIiBF)
Depositing User:	Asst.Prof Anwar Hasan Abdullah Othman
Date Deposited:	18 May 2021 10:19
Last Modified:	18 May 2021 10:19
URI:	http://irep.iium.edu.my/id/eprint/89869

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