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Banda Aceh, Aceh, Indonesia 23111

Microfinancing from the Zakat Fund in Baitul Mal Aceh and the Readiness of Malaysia's Asnaf Entreprenuers

Authors

  • Mohd. ‘Adli Zahri University College Bestari, University College Bestari, Terengganu
  • Nurul Ilyana Muhd Adnan Universiti Kebangsaan Malaysia, Selangor http://orcid.org/0000-0002-2051-8216
  • Irfan Irfan Universitas Muhammadiyah Sumatera Utara, Indonesia
  • Mohd Izhar Ariff Mohd Kashim Universiti Kebangsaan Malaysia, Selangor

DOI:

https://doi.org/10.22373/sjhk.v7i1.16012

Keywords:

microfinance, zakat fund, Baitulmal Aceh, readiness, asnaf entreprenuers, Malaysia

Abstract

The recent Covid-19 pandemic has swept the globe. As a result, there has been a spike in the number of relative poor who are experiencing economic hardships. This poses a predicament for the unbankable, reducing their options to apply for funding via banking products. With the available financial capacity, zakat institutions are viewed as the closest alternative in terms of being a source of funding, either through the microfinacing method or the qard hasan principle. Zakat is considered capable of becoming a social entrepreneurial system and a worthy alternative. The question is whether Islam permits microfinancing using zakat funds. If permitted, what is the rationale for distributing zakat through microfinance? Are there asnaf entreprenuers in Malaysia ready to take microfinance from the zakat fund to finance their businesses? This study is done using the case study method by conducting a semi-structured interview with zakat expertise and asnaf entreprenuers. Based on the content analysis, the findings of the study indicate that Islam permits microfinance using zakat funds. Asnaf entreprenuers are likewise eager to acquire microfinance from zakat money in order to to strengthen their economic position and develop in life. This microfinancing is expected to have a good effect, particularly on the rising demand for asnaf entreprenuers. So, it is expected that asnaf entreprenuers will be able to switch from being a zakat recipient to a zakat payer within a certain amount of time.

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References

Journals and Books

Abdul Karim Zaidan, Al-Wajiz fi Usul Fiqh, Bayrut: Muassasah al-Risalah, 1999.

Ali Muhammad, Revitalisasi Syariat Islam di Aceh: Problem, Solusi dan lmplementasi. Banda Aceh: IAIN Ar-Raniry, 2003.

Armiadi Musa Basyah, “Pentadbiran Zakat di Baitul Mal Aceh: Kajian Terhadap Agihan Zakat Bagi Permodalan Masyarakat Miskin”, Tesis Ph.D, Jabatan Fiqh dan Usul, Akademi Pengajian Islam, Universiti Malaya, 2009.

Ibn Manzur, Lisan Al-Arab, al-Riyad Dar ‘Alam al-Kutub, 2003.

Ibn Qayyim al-Jauzi, ‘I’lam al Muwaqqi’in ‘an Rabba al-‘Alamin, Beirut, Lubnan: Dar al-Jail, 1975.

Mustafa al-Zarqa’, Majallah Majma’ al-Fiqh al-Islami, 3,vol. 1, 1989.

Nurul Ilyana Muhd Adnan, Muhammad Anas Ibrahim, Mohd ‘Adli Zahri, Agihan Dana Zakāt Secara Pembiayaan mikro: Asas dan Mekanisme Pelaksanaannya, Gadong: UNISSA Press, 2022.

Al-Shatibi, Abi Ishak, Al-Muafaqat fi Usul al-Syariah, Beirut. Lubnan: Dar al- kutub al –Ilmiyyah, 2005.

al-Suyuti, Jalal al-Din 'Abd al-Rahman, al-Ashbah wa al-naza'ir fi qawa'id wa furu' fiqh al-Shafi'iyah, Beirut : Dar al-Kutub al-'Ilmiyah, 1983.

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Zahri Hamat, “Kelestarian pengagihan dana zakāt di Baitul Mal Aceh.” 2010.

Interviews

Interview with Ridwan Nurdin, Head pf Distribution Department.

Interview with Prof. Al-Yasa’ Abu Bakar, Head of Dewan Ulama Aceh Darussalam.

Interview with Armiadi Musa Basyah, Head of Badan Baitul Mal Aceh Besar.

Interview with Muhammad Yasir Yusof, Former Director of Lembaga Amil Zakat Uthman Ibn Affan Aceh Darussalam.

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Published

2023-03-31

Issue

Vol. 7 No. 1 (2023): Samarah: Jurnal Hukum Keluarga dan Hukum Islam

Section

Articles

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