The practices of Islamic social finance in Sudan, Indonesia and Malaysia: issues and challenges

Abdul Razak, Dzuljastri and Eldodo, Abdirahman Mousa and Ali, Abdifatah and Absulkadir, Abdullah Omar (2020) The practices of Islamic social finance in Sudan, Indonesia and Malaysia: issues and challenges. International Journal Of Social Policy and Society, 16 (2020). pp. 1-21. ISSN 1823-0865

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Abstract

Islamic Social Finance (ISF) is an emerging area of study that emphasizes Zakat (alms), Waqf (property donated for religious or community use), and Sadaqa (charity). These concepts are also used towards the achievement of Sustainable Development Goals, namely SDG1 (no poverty), SDG2 (zero hunger), and SDG4 (quality education). This study has selected three countries, namely Indonesia, Malaysia, and Sudan, to examine the practices. The methodology used employs content analysis followed by interviews of scholars to confirm the variables for the research. The research revealed different practices and procedures for Zakat, Waqf, and Sadaqa carried out by these countries to address the issues concerned. The findings would be useful for academicians as a body of knowledge in ISF. It will also benefit the regulators in reviewing and setting up new policies and guidelines for adoption by the government and private institutions to address poverty, hunger, and education.

Item Type:	Article (Journal)
Uncontrolled Keywords:	Keywords: Islamic Social Finance, Sustainable Development Goal, Indonesia, Malaysia and Sudan
Subjects:	BPH Islamic Economics > BPH531 Zakat
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Ahmad Ibrahim Kulliyyah of Laws > Department of Islamic Law Kulliyyah of Economics and Management Sciences > Department of Finance
Depositing User:	Dr Dzuljastri Abdul Razak
Date Deposited:	19 Apr 2021 13:17
Last Modified:	19 Apr 2021 13:17
URI:	http://irep.iium.edu.my/id/eprint/89398

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