Impact measurement approach on Zakat distribution for the economic empowerment

Redzuan, Nur Harena and Camdzic, Emir (2024) Impact measurement approach on Zakat distribution for the economic empowerment. In: 3rd International Conference On Islamic Economics 2024 (ICONIE 2024), 24-25 April 2024, Sarajevo, Bosnia and Herzegovina.

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Abstract

The fundamental issue of rising living costs is a pervasive global issue that affects many countries, especially the Muslim population. Despite the various efforts to address the issue through various measures, increasing the cost of living is one of the major issues, particularly among lower-income groups. Zakat is offering a solution that focuses on redistributing wealth by providing financial assistance to the segment of society that is affected the most. The zakat aid could reduce some of the burden on the family in meeting the increasing cost of living, particularly by ensuring adequate provision of basic needs. Despite the growing interest in impact measurement in Islamic social finance, there is still a lack of consensus on measuring and evaluating the impact among zakat recipients effectively. In addressing the issues stated above, this research aims to explore the methodology used to measure the impact of zakat distribution on Islamic social finance initiatives among asnaf in economic empowerment.

Item Type:	Proceeding Paper (Plenary Papers)
Uncontrolled Keywords:	Zakat, Impact measurement, Islamic social finance
Subjects:	BPH Islamic Economics > BPH531 Zakat H Social Sciences > HG Finance > HG3368 Islamic Banking and Finance
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Institute of Islamic Banking & Finance (IIiBF)
Depositing User:	Nur Harena Redzuan
Date Deposited:	23 May 2024 09:07
Last Modified:	23 May 2024 09:07
URI:	http://irep.iium.edu.my/id/eprint/112260

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