Maqasid based approach on the role of Muslim public funds in sustaining Islamic microfinance: A case study of Tabung Masjid in Selangor, Malaysia

Zakariyah, Luqman and Ibrahim, Ahmad Basri and Md Nor, Nurhidayat and Mhd. Sarif, Suhaimi and Mohd Noor, Azman (2016) Maqasid based approach on the role of Muslim public funds in sustaining Islamic microfinance: A case study of Tabung Masjid in Selangor, Malaysia. In: 11th International Conference on Islamic Economics and Finance, 11th-13th October 2016, Kuala Lumpur Malaysia. (Unpublished)

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Abstract

Mosque fund, known as Tabung Masjid in Malaysia, is one of the revenues in Islam yet to be developed. The proper management of this revenue in all Muslim countries where Tabarru‘āt (voluntary donations) are collected ought to have sustainability capacity on Islamic microfinance. However, managing these funds to bring about the foreseeability remains untapped. In Selangor State of Malaysia as a case study, Tabung Masjid (TM) has not been effectively managed to serve the purpose of Islam. This is either partly due to unawareness of the Islamic jurisprudential perspectives on its potentiality or partly due to the uninformed ways of its management. This paper aims to assess ways of which Tabung Masjid in Selangor State, Malaysia is managed. The paper evaluates the management of TM in Selangor using both questionnaires and semi-structured interview to unveil the current situation of these funds. The role of these funds in strengthening Islamic microfinance is argued based on Maqasid Shariah of protection of wealth. The paper suggests a Tabung Hajj prototype of Tabung Masjid as sustainable drive of Islamic microfinance for empowering Muslim and alleviating poverty.

Item Type:	Conference or Workshop Item (Plenary Papers)
Additional Information:	6964/52846
Uncontrolled Keywords:	Malaysia Tabung Masjid; Mosques’ Funds; Muslim Public Funds; Maqaṣid al-Shari‘ah, Management; Investment
Subjects:	K Law > KBP Islamic Law K Law > KBP Islamic Law > KBP1 Islamic law.Shariah.Fiqh > KBP144 General works K Law > KBP Islamic Law > KBP1 Islamic law.Shariah.Fiqh > KBP425 Uṣūl al-fiqh. Jurisprudence and theory of law. Science of legal reasoning. K Law > KPG Malaysia > KPGG6000 Selangor
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Islamic Revealed Knowledge and Human Sciences > Department of Fiqh and Usul al-Fiqh
Depositing User:	Dr Luqman Zakariyah
Date Deposited:	21 Nov 2016 11:34
Last Modified:	21 Nov 2016 11:34
URI:	http://irep.iium.edu.my/id/eprint/52846

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