Utilisation of zakāh and waqf fund in micro-takāful models in Malaysia: an exploratory study

ISBN/ISSN: 0128-1976 (Printed) | E-ISSN 2289-4365
Pages: 200
Year: 2017


This publication is part of the journal (2017-1)


Purpose – This paper aims to investigate the utilisation of both zakāh and waqf fund as external resources to ensure micro-takāful services are delivered to underserved communities in an effective and sustainable manner. It also addresses Sharīʿah issues related to the zakāh- and waqf-based model.

Design/methodology/approach – The study is a qualitative-based research. It uses both focus group and content analysis approach to gather primary data and identify and interpret relevant secondary data and Sharīʿah concepts in developing the zakāh- and waqf-based micro-takāful model.

Findings – It is discovered throughout the investigation of attributes of beneficiaries of zakāh and waqf institutions as well as micro-takāful scheme that all share commonalities in terms of social securities and socio-economic support to low-income households in societies. The study also finds that the disintegration of zakāh and waqf which form part of the Islamic ecosystem from the micro-takāful model makes it less effective and sustainable.

Originality/value – This study appears as a primitive attempt to discuss and develop a zakāh and waqfbased micro-takāful model with reference to Malaysian jurisdiction.

Keywords Waqf, zakāh, micro-takāful, financial inclusion

Paper type Research paper


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