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Zakat as a socio-financial tool is used to circulate the wealth in the society from rich to poor. By disbursing zakat to the needy and poor, zakat helps create a caring…
Zakat as a Socio-Financial Tool
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Islamic social finance can be defined as “the branch of Islamic finance where the products and services offered are designed to achieve social goals with or…
Introduction to Islamic Social Finance
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Sadaqah is a charitable giving and is a non-obligatory amount of money paid to help the needy and the poor. Anyone has the ability and willingness can do so, and there…
Islamic Social Finance Instruments: Sadaqah
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There are some contemporary innovative financial products that have been linked with waqf, such as the cash waqf linked Sukuk issued by the Government of Indonesia and…
Integration of Waqf into Innovative Financial…
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Islamic social finance plays a key role in reflecting the humanitarian nature of Islamic finance by providing “Islamic social safety nets” for those who are…
The Role of Islamic Social Finance in Sustainable…
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Qard hasan (good loan) is given without expecting a return by the creditor with the pure intention of helping the debtor. Since Qard hasan is a gratuitous contract, no…
Islamic Social Finance Instruments: Qard Hasan
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Waqf is a religious endowment or trust, or in other words, a voluntary and irrevocable dedication of one’s wealth or a portion of it, in cash or in kind, and its…
Islamic Social Finance Instruments - Waqf
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Islamic commercial financial institutions have limited offerings of Islamic social finance products and services. However, there are ways that could be adopted by the…
Islamic Commercial Finance Institutions and…
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Zakat, most broadly, is a type of almsgiving which is a must to pay for every Muslim who has wealth beyond a certain threshold. It is defined as an Islamic tax on…
Islamic Social Finance Instruments: Zakat
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