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Information Resources Management Association
Advancing the Concepts & Practices of Information Resources Management in Modern Organizations

Integrating Zakat and Microfinance: A Proposed Framework

Integrating Zakat and Microfinance: A Proposed Framework
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Author(s): Mohammad Bintang Pamuncak (Universiti Malaysia Terengganu, Malaysia & IAI Tazkia, Indonesia), Bayu Taufiq Possumah (Universiti Malaysia Terengganu, Malaysia)and Zairihan Abdul Halim (Universiti Malaysia Terengganu, Malaysia)
Copyright: 2023
Pages: 13
Source title: Research Anthology on Microfinance Services and Roles in Social Progress
Source Author(s)/Editor(s): Information Resources Management Association (USA)
DOI: 10.4018/978-1-6684-7552-2.ch032


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This chapter bridges the concepts of microfinance and Zakat, and proposes a conceptual framework as a potential strategy to solve poverty. This study employs qualitative approach. Specifically, it performs content analysis on related manuscripts, and conducts a structured interview with selected stakeholders of Zakat institutions. The study proposes that Zakat institution must have a clear definition about which Zakat fund portion should be used for the program. Authors propose the use of amil for the program and it must be given by amil voluntarily and there must be clear mechanism on which deserving categories (asnaf/mustahik) should be prioritised to be the part of the program. In practice, amil can be considered as investors (where Zakat institution distributes and becomes Islamic microfinance institution) or financial intermediary (where the amil distributes and becomes Islamic microfinance institution appointed by the authority).

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