The Role of Zakat During Pandemic Crisis and Post Recovery

Author:

Haron Razali1ORCID,Abdullah Othman Anwar Hasan1ORCID,Ashurov Sharofiddin1

Affiliation:

1. Institute of Islamic Banking and Finance, International Islamic University Malaysia, Malaysia

Abstract

The COVID-19 pandemic suddenly claimed its existence with thousands of fatalities reported worldwide in just a few months. It has caused great concern and panic resulting to total halt in all activities, particularly the economic sector. The lockdown has caused global economic contraction which has led to forecasted economic recession for the year 2020. Islamic social financing sees this phenomenon as an increase in the numbers of the needy and something has to be done. In Islamic social financing, certain instruments have been identified as tools to mitigate the turmoil facing people who are badly affected by the pandemic. Zakat, sadaqah, qard al-hasan, and infaq can play significant roles especially in providing financial aids to the needy. Zakat in particular has the potential to ease the financial situations for its huge collection recorded. This study employed the document analysis approach to examine the possible role zakat can play during and after the turbulence caused by the pandemic. The findings from the analyses revealed that Islamic social financing via its instruments like zakat, sadaqah, infaq, and qard al-hasan are able to offer and provide financial assistance during and post crisis, in this case the COVID-19 pandemic in various sectors like the education, social, and humanitarian, as well as in the medical sector. The responsible party should continue to provide efficient and hassle free channel for zakat payers to continue paying zakat as it does help in providing sufficient funds and also eradicate poverty in a community that may be caused by any crises alike. The effective and efficient distribution programs are also equally important in ensuring the objective of zakat is achieved in helping the needy.

Publisher

IGI Global

Reference36 articles.

1. Adroit Market Research. (2020). Global Halal Pharmaceuticals Market Report. Retrieved from https://www.adroitmarketresearch.com/industry-reports/halal-pharmaceuticals-market

2. Al-Ghazali, M. (1937). Ihya’ ‘Ulum al-Din. Cairo: al-Maktabah al-Tijariyyah al-Kubra.

3. Financial Management Practices and Performance of Zakat Institutions in Malaysia.;F. S.Anuar;IPN Journal of Research and Practice in Public Sector Accounting and Management,2019

Cited by 2 articles. 订阅此论文施引文献 订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献

同舟云学术

1.学者识别学者识别

2.学术分析学术分析

3.人才评估人才评估

"同舟云学术"是以全球学者为主线,采集、加工和组织学术论文而形成的新型学术文献查询和分析系统,可以对全球学者进行文献检索和人才价值评估。用户可以通过关注某些学科领域的顶尖人物而持续追踪该领域的学科进展和研究前沿。经过近期的数据扩容,当前同舟云学术共收录了国内外主流学术期刊6万余种,收集的期刊论文及会议论文总量共计约1.5亿篇,并以每天添加12000余篇中外论文的速度递增。我们也可以为用户提供个性化、定制化的学者数据。欢迎来电咨询!咨询电话:010-8811{复制后删除}0370

www.globalauthorid.com

TOP

Copyright © 2019-2024 北京同舟云网络信息技术有限公司
京公网安备11010802033243号  京ICP备18003416号-3