Developing a conceptual framework for Zakat collection and distribution Impact on social welfare through implications of SDGs
Although Islamic social finance including zakat has witnessed an upsurge in development in quantum, which reached US$2 trillion in 2015 and is projected to exceed US$3 trillion by 2020, due to a lack of transparency, trust, and timely disclosure to public has resulted in inefficient of zakat collect...
| Main Authors: | , , , , |
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| Format: | Book Chapter |
| Language: | English English English English |
| Published: |
IGI Global Publisher
2021
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/82113/ http://irep.iium.edu.my/82113/1/82113_Developing%20a%20conceptual%20framework%20for%20Zakat%20collection.pdf http://irep.iium.edu.my/82113/7/Table-of-Contents%20%281%29.pdf http://irep.iium.edu.my/82113/8/82113_Developing%20a%20conceptual%20framework%20for%20Zakat%20collection.pdf http://irep.iium.edu.my/82113/9/Table-of-Contents.pdf |
| _version_ | 1848789239251075072 |
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| author | Ashurov, Sharofiddin Syed Jaafar Alhabshi, Syed Musa Othman, Anwar Hasan Abdullah Mohammad, Habibullah Muhamad Yusof, Mohd Sukri |
| author_facet | Ashurov, Sharofiddin Syed Jaafar Alhabshi, Syed Musa Othman, Anwar Hasan Abdullah Mohammad, Habibullah Muhamad Yusof, Mohd Sukri |
| author_sort | Ashurov, Sharofiddin |
| building | IIUM Repository |
| collection | Online Access |
| description | Although Islamic social finance including zakat has witnessed an upsurge in development in quantum, which reached US$2 trillion in 2015 and is projected to exceed US$3 trillion by 2020, due to a lack of transparency, trust, and timely disclosure to public has resulted in inefficient of zakat collection and ineffective disbursement for the wellbeing of recipients. The reason for this could be neglecting adoption of financial technology specifically blockchain and artificial intelligence system in zakat management to enhance proper collection and efficient distributions timely and effectively reporting to public. Therefore, this research proposes an ‘Islamic Social Welfare Financial Technology' (ISW FinTech) as an innovative framework that assesses zakat institutions operational efficiency of zakat collection, transparency, and effective distribution that would lead to well being of zakat recipients. This framework is based on new six clusters according to their needs and priority, which convert them from being zakat recipients into zakat payers. |
| first_indexed | 2025-11-14T17:53:33Z |
| format | Book Chapter |
| id | iium-82113 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English English English English |
| last_indexed | 2025-11-14T17:53:33Z |
| publishDate | 2021 |
| publisher | IGI Global Publisher |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-821132020-08-18T01:45:29Z http://irep.iium.edu.my/82113/ Developing a conceptual framework for Zakat collection and distribution Impact on social welfare through implications of SDGs Ashurov, Sharofiddin Syed Jaafar Alhabshi, Syed Musa Othman, Anwar Hasan Abdullah Mohammad, Habibullah Muhamad Yusof, Mohd Sukri BPH Islamic Economics BPH531 Zakat HB Economic Theory HB846 Welfare theory HG Finance HJ Public Finance Although Islamic social finance including zakat has witnessed an upsurge in development in quantum, which reached US$2 trillion in 2015 and is projected to exceed US$3 trillion by 2020, due to a lack of transparency, trust, and timely disclosure to public has resulted in inefficient of zakat collection and ineffective disbursement for the wellbeing of recipients. The reason for this could be neglecting adoption of financial technology specifically blockchain and artificial intelligence system in zakat management to enhance proper collection and efficient distributions timely and effectively reporting to public. Therefore, this research proposes an ‘Islamic Social Welfare Financial Technology' (ISW FinTech) as an innovative framework that assesses zakat institutions operational efficiency of zakat collection, transparency, and effective distribution that would lead to well being of zakat recipients. This framework is based on new six clusters according to their needs and priority, which convert them from being zakat recipients into zakat payers. IGI Global Publisher 2021 Book Chapter PeerReviewed application/pdf en http://irep.iium.edu.my/82113/1/82113_Developing%20a%20conceptual%20framework%20for%20Zakat%20collection.pdf application/pdf en http://irep.iium.edu.my/82113/7/Table-of-Contents%20%281%29.pdf application/pdf en http://irep.iium.edu.my/82113/8/82113_Developing%20a%20conceptual%20framework%20for%20Zakat%20collection.pdf application/pdf en http://irep.iium.edu.my/82113/9/Table-of-Contents.pdf Ashurov, Sharofiddin and Syed Jaafar Alhabshi, Syed Musa and Othman, Anwar Hasan Abdullah and Mohammad, Habibullah and Muhamad Yusof, Mohd Sukri (2021) Developing a conceptual framework for Zakat collection and distribution Impact on social welfare through implications of SDGs. In: Impact of Zakat on sustainable economic development. IGI Global Publisher, pp. 120-138. https://www.igi-global.com/chapter/developing-a-conceptual-framework-for-zakat-collection-and-distribution-impact-on-social-welfare-through-implications-of-sdgs/259763 10.4018/978-1-7998-3452-6.ch009 |
| spellingShingle | BPH Islamic Economics BPH531 Zakat HB Economic Theory HB846 Welfare theory HG Finance HJ Public Finance Ashurov, Sharofiddin Syed Jaafar Alhabshi, Syed Musa Othman, Anwar Hasan Abdullah Mohammad, Habibullah Muhamad Yusof, Mohd Sukri Developing a conceptual framework for Zakat collection and distribution Impact on social welfare through implications of SDGs |
| title | Developing a conceptual framework for Zakat collection and distribution Impact on social welfare through implications of SDGs |
| title_full | Developing a conceptual framework for Zakat collection and distribution Impact on social welfare through implications of SDGs |
| title_fullStr | Developing a conceptual framework for Zakat collection and distribution Impact on social welfare through implications of SDGs |
| title_full_unstemmed | Developing a conceptual framework for Zakat collection and distribution Impact on social welfare through implications of SDGs |
| title_short | Developing a conceptual framework for Zakat collection and distribution Impact on social welfare through implications of SDGs |
| title_sort | developing a conceptual framework for zakat collection and distribution impact on social welfare through implications of sdgs |
| topic | BPH Islamic Economics BPH531 Zakat HB Economic Theory HB846 Welfare theory HG Finance HJ Public Finance |
| url | http://irep.iium.edu.my/82113/ http://irep.iium.edu.my/82113/ http://irep.iium.edu.my/82113/ http://irep.iium.edu.my/82113/1/82113_Developing%20a%20conceptual%20framework%20for%20Zakat%20collection.pdf http://irep.iium.edu.my/82113/7/Table-of-Contents%20%281%29.pdf http://irep.iium.edu.my/82113/8/82113_Developing%20a%20conceptual%20framework%20for%20Zakat%20collection.pdf http://irep.iium.edu.my/82113/9/Table-of-Contents.pdf |