ISSN 2394-5125
 

Research Article 


ZAKAT DISTRIBUTION THROUGH MICRO FINANCING: HUKM (ISLAMIC RULING) AND FORM OF AQAD (CONTRACT)

Nurul Ilyana Muhd Adnan, Mohd Izhar Ariff Mohd Kashim*, Wan Anisah Endut, Suraya Ismail, Hasanah Abd. Khafidz, Hafas Furqani, Ab Rahman, Z., Ahmad Yunus Mohd Noor, Mohd Borhanuddin Zakaria.

Abstract
Zakat plays important role in Muslimsí economy. An effective zakat distribution system is able to organize and develop the society. Zakat distribution is not only limited to self-sustenance but also through the distribution of productive zakat by the provided capital assistance from zakat fund in the form of micro financing. Preparation of capital assistance in the form of micro financing from zakat fund is a form of a longterm zakat provision. The objectives of this paper are, to examine the basic hukm (Islamic ruling) formed for the distribution of zakat through micro financing and the type of aqad (contract) that can be used. The research used the qualitative method with the content analysis approach using document analysis method. Based on the reviews, the distribution of zakat through micro financing is allowed in Islam. Most scholars consider that aqad qard al-hasan can be used for the distribution of zakat through micro financing. Thus, implementation of this financing is seen as able to help the poor to strengthen their economic position and thus emerging as zakat payers. Zakat institutions have similarities with community-based financial assistance. Hence, the application of this concept can be developed in global microfinancing. Developing countries can create a pool of money collected from rich segment either in the form of obligatory or voluntary contribution.

Key words: zakat, zakat distribution, micro financing, hukm, aqad, qard al-hasan


 
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How to Cite this Article
Pubmed Style

Adnan NIM, Kashim MIAM, Endut WA, Ismail S, Khafidz HA, Furqani H, Rahman A, Z. , Noor AYM, Zakaria MB. ZAKAT DISTRIBUTION THROUGH MICRO FINANCING: HUKM (ISLAMIC RULING) AND FORM OF AQAD (CONTRACT). JCR. 2020; 7(5): 1032-1038. doi:10.31838/jcr.07.05.208


Web Style

Adnan NIM, Kashim MIAM, Endut WA, Ismail S, Khafidz HA, Furqani H, Rahman A, Z. , Noor AYM, Zakaria MB. ZAKAT DISTRIBUTION THROUGH MICRO FINANCING: HUKM (ISLAMIC RULING) AND FORM OF AQAD (CONTRACT). http://www.jcreview.com/?mno=96925 [Access: August 17, 2021]. doi:10.31838/jcr.07.05.208


AMA (American Medical Association) Style

Adnan NIM, Kashim MIAM, Endut WA, Ismail S, Khafidz HA, Furqani H, Rahman A, Z. , Noor AYM, Zakaria MB. ZAKAT DISTRIBUTION THROUGH MICRO FINANCING: HUKM (ISLAMIC RULING) AND FORM OF AQAD (CONTRACT). JCR. 2020; 7(5): 1032-1038. doi:10.31838/jcr.07.05.208



Vancouver/ICMJE Style

Adnan NIM, Kashim MIAM, Endut WA, Ismail S, Khafidz HA, Furqani H, Rahman A, Z. , Noor AYM, Zakaria MB. ZAKAT DISTRIBUTION THROUGH MICRO FINANCING: HUKM (ISLAMIC RULING) AND FORM OF AQAD (CONTRACT). JCR. (2020), [cited August 17, 2021]; 7(5): 1032-1038. doi:10.31838/jcr.07.05.208



Harvard Style

Adnan, N. I. M., Kashim, . M. I. A. M., Endut, . W. A., Ismail, . S., Khafidz, . H. A., Furqani, . H., Rahman, . A., Z., ., Noor, . A. Y. M. & Zakaria, . M. B. (2020) ZAKAT DISTRIBUTION THROUGH MICRO FINANCING: HUKM (ISLAMIC RULING) AND FORM OF AQAD (CONTRACT). JCR, 7 (5), 1032-1038. doi:10.31838/jcr.07.05.208



Turabian Style

Adnan, Nurul Ilyana Muhd, Mohd Izhar Ariff Mohd Kashim, Wan Anisah Endut, Suraya Ismail, Hasanah Abd. Khafidz, Hafas Furqani, Ab Rahman, Z., Ahmad Yunus Mohd Noor, and Mohd Borhanuddin Zakaria. 2020. ZAKAT DISTRIBUTION THROUGH MICRO FINANCING: HUKM (ISLAMIC RULING) AND FORM OF AQAD (CONTRACT). Journal of Critical Reviews, 7 (5), 1032-1038. doi:10.31838/jcr.07.05.208



Chicago Style

Adnan, Nurul Ilyana Muhd, Mohd Izhar Ariff Mohd Kashim, Wan Anisah Endut, Suraya Ismail, Hasanah Abd. Khafidz, Hafas Furqani, Ab Rahman, Z., Ahmad Yunus Mohd Noor, and Mohd Borhanuddin Zakaria. "ZAKAT DISTRIBUTION THROUGH MICRO FINANCING: HUKM (ISLAMIC RULING) AND FORM OF AQAD (CONTRACT)." Journal of Critical Reviews 7 (2020), 1032-1038. doi:10.31838/jcr.07.05.208



MLA (The Modern Language Association) Style

Adnan, Nurul Ilyana Muhd, Mohd Izhar Ariff Mohd Kashim, Wan Anisah Endut, Suraya Ismail, Hasanah Abd. Khafidz, Hafas Furqani, Ab Rahman, Z., Ahmad Yunus Mohd Noor, and Mohd Borhanuddin Zakaria. "ZAKAT DISTRIBUTION THROUGH MICRO FINANCING: HUKM (ISLAMIC RULING) AND FORM OF AQAD (CONTRACT)." Journal of Critical Reviews 7.5 (2020), 1032-1038. Print. doi:10.31838/jcr.07.05.208



APA (American Psychological Association) Style

Adnan, N. I. M., Kashim, . M. I. A. M., Endut, . W. A., Ismail, . S., Khafidz, . H. A., Furqani, . H., Rahman, . A., Z., ., Noor, . A. Y. M. & Zakaria, . M. B. (2020) ZAKAT DISTRIBUTION THROUGH MICRO FINANCING: HUKM (ISLAMIC RULING) AND FORM OF AQAD (CONTRACT). Journal of Critical Reviews, 7 (5), 1032-1038. doi:10.31838/jcr.07.05.208