Developing the hybrid model (waqf & zakat) for improving the zakat recipients’ healthcare In Selangor

Shaiq Ahmad, Ghafoorzai and Bilal Khan, Mohammad and Patel, Ibadurrehman and Shehbaz, Damkar Mohammed and Sharofiddin, Ashurov (2021) Developing the hybrid model (waqf & zakat) for improving the zakat recipients’ healthcare In Selangor. Journal of Islamic Finance, Special Issue, 10 (1). 067-075. ISSN 2289-2109 E-ISSN 2289-2117

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Abstract

The paper aims to develop a system that will strengthen zakat recipients' healthcare through coordination between waqf and zakat institutions. According to sources, Selangor has a lot of waqf and zakatreserves that are not being used. To resolve these issues and optimize the usage of barren and underused properties of Waqf and Zakat, a better management structure is needed. To accomplish the objective, this research employs a qualitative approach. It is found in the study that the Zakat and Waqf can be used for investment purposes; however, return from these investments should be used for the intended purpose and,i.e., to ensure social well-being, especially of the marginalized groups of society. The proposed model holds significance in improving the healthcare of zakat recipients and leading the society towards achieving social well-being and better living standards. This study's results may enhance the policymakers' understanding and contribute to better utilization of Zakat and Waqf assets. Besides, it will also enhance zakat collection and distribution and contribute toWaqf and Zakat funds' efficient management. There are certain limitations to the study in data availability, such as official data for waqf land in Selangor is available till December 31, 2016.

Item Type:	Article (Journal)
Additional Information:	8755/90268
Uncontrolled Keywords:	Zakat, Waqf, Zakat Recipients, Healthcare, Selangor, Hybrid.
Subjects:	BPH Islamic Economics 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:	Dr Sharofiddin Ashurov
Date Deposited:	18 Jun 2021 12:15
Last Modified:	18 Jun 2021 12:15
URI:	http://irep.iium.edu.my/id/eprint/90268

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