Zakat, infaq, sadaqa, waqf, and qardhul Hassan in alleviating poverty for micro enterprises: a case of Baitul Maal wat tamwil in Indonesia

The challenge of mitigating poverty remains one of the greatest issues affecting humankind. The number of people living in extreme poverty globally amounted to 736 million (UNDP, 2019). In Indonesia, the population living in poverty are in huge numbers amounting to, 25.95 million people (BPS, 2018)...

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Main Authors: Abdul Razak, Dzuljastri, Dawami, Qosdan, Mohamed Zakaria, Fodol
Format: Proceeding Paper
Language:English
English
English
Published: 2019
Subjects:
Online Access:http://irep.iium.edu.my/74167/
http://irep.iium.edu.my/74167/1/Final%20paper%20l%20for%202nd%20Waqf%20Conf%20IZU%20-%20July%2013%20%26%2014%202019.pdf
http://irep.iium.edu.my/74167/12/74167_Acceptance%20letter.pdf
http://irep.iium.edu.my/74167/13/74167%20slide%20handout.pdf
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author Abdul Razak, Dzuljastri
Dawami, Qosdan
Mohamed Zakaria, Fodol
author_facet Abdul Razak, Dzuljastri
Dawami, Qosdan
Mohamed Zakaria, Fodol
author_sort Abdul Razak, Dzuljastri
building IIUM Repository
collection Online Access
description The challenge of mitigating poverty remains one of the greatest issues affecting humankind. The number of people living in extreme poverty globally amounted to 736 million (UNDP, 2019). In Indonesia, the population living in poverty are in huge numbers amounting to, 25.95 million people (BPS, 2018). Despite of several schemes implemented by the government, the issues of poverty remains inevitable. The purpose of the study is to examine the structure of Baitul Maal Wat Tamwil institution (BMT) which has been playing a pivotal role in poverty alleviation since 1995 albeit facing some issues in its operations. It utilizes the concepts of Zakat, Infaq, Sadaqa and Waqf and Qardhul Hasan (ZISWAQ) which are based on Shariah principles. This study employed content analysis to evaluate the issues and effectiveness of BMT from previous studies and secondary sources. The results indicated that these concepts can indeed be used. However, there are operations issues and that BMT has to address so that it can improve its effectiveness and successfully carry out its role in uplifting the social welfare of microenterprises and the poor.
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format Proceeding Paper
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institution International Islamic University Malaysia
institution_category Local University
language English
English
English
last_indexed 2025-11-14T17:32:37Z
publishDate 2019
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spelling iium-741672019-10-01T01:18:15Z http://irep.iium.edu.my/74167/ Zakat, infaq, sadaqa, waqf, and qardhul Hassan in alleviating poverty for micro enterprises: a case of Baitul Maal wat tamwil in Indonesia Abdul Razak, Dzuljastri Dawami, Qosdan Mohamed Zakaria, Fodol HG3368 Islamic Banking and Finance The challenge of mitigating poverty remains one of the greatest issues affecting humankind. The number of people living in extreme poverty globally amounted to 736 million (UNDP, 2019). In Indonesia, the population living in poverty are in huge numbers amounting to, 25.95 million people (BPS, 2018). Despite of several schemes implemented by the government, the issues of poverty remains inevitable. The purpose of the study is to examine the structure of Baitul Maal Wat Tamwil institution (BMT) which has been playing a pivotal role in poverty alleviation since 1995 albeit facing some issues in its operations. It utilizes the concepts of Zakat, Infaq, Sadaqa and Waqf and Qardhul Hasan (ZISWAQ) which are based on Shariah principles. This study employed content analysis to evaluate the issues and effectiveness of BMT from previous studies and secondary sources. The results indicated that these concepts can indeed be used. However, there are operations issues and that BMT has to address so that it can improve its effectiveness and successfully carry out its role in uplifting the social welfare of microenterprises and the poor. 2019 Proceeding Paper NonPeerReviewed application/pdf en http://irep.iium.edu.my/74167/1/Final%20paper%20l%20for%202nd%20Waqf%20Conf%20IZU%20-%20July%2013%20%26%2014%202019.pdf application/pdf en http://irep.iium.edu.my/74167/12/74167_Acceptance%20letter.pdf application/pdf en http://irep.iium.edu.my/74167/13/74167%20slide%20handout.pdf Abdul Razak, Dzuljastri and Dawami, Qosdan and Mohamed Zakaria, Fodol (2019) Zakat, infaq, sadaqa, waqf, and qardhul Hassan in alleviating poverty for micro enterprises: a case of Baitul Maal wat tamwil in Indonesia. In: 2nd International Waqf Institution Symposium, 13th-14th July 2019, Istanbul, Turkey. (Unpublished)
spellingShingle HG3368 Islamic Banking and Finance
Abdul Razak, Dzuljastri
Dawami, Qosdan
Mohamed Zakaria, Fodol
Zakat, infaq, sadaqa, waqf, and qardhul Hassan in alleviating poverty for micro enterprises: a case of Baitul Maal wat tamwil in Indonesia
title Zakat, infaq, sadaqa, waqf, and qardhul Hassan in alleviating poverty for micro enterprises: a case of Baitul Maal wat tamwil in Indonesia
title_full Zakat, infaq, sadaqa, waqf, and qardhul Hassan in alleviating poverty for micro enterprises: a case of Baitul Maal wat tamwil in Indonesia
title_fullStr Zakat, infaq, sadaqa, waqf, and qardhul Hassan in alleviating poverty for micro enterprises: a case of Baitul Maal wat tamwil in Indonesia
title_full_unstemmed Zakat, infaq, sadaqa, waqf, and qardhul Hassan in alleviating poverty for micro enterprises: a case of Baitul Maal wat tamwil in Indonesia
title_short Zakat, infaq, sadaqa, waqf, and qardhul Hassan in alleviating poverty for micro enterprises: a case of Baitul Maal wat tamwil in Indonesia
title_sort zakat, infaq, sadaqa, waqf, and qardhul hassan in alleviating poverty for micro enterprises: a case of baitul maal wat tamwil in indonesia
topic HG3368 Islamic Banking and Finance
url http://irep.iium.edu.my/74167/
http://irep.iium.edu.my/74167/1/Final%20paper%20l%20for%202nd%20Waqf%20Conf%20IZU%20-%20July%2013%20%26%2014%202019.pdf
http://irep.iium.edu.my/74167/12/74167_Acceptance%20letter.pdf
http://irep.iium.edu.my/74167/13/74167%20slide%20handout.pdf