Purpose: This paper aims to investigate the utilisation of both zakÄh and waqf fund as external resources to ensure micro-takÄful services are delivered to underserved communities in an effective and sustainable manner. It also addresses SharÄ«Ê¿ah issues related to the zakÄh- and waqf-based model. Design/methodology/approach: The study is a qualitative-based research. It uses both focus group and content analysis approach to gather primary data and identify and interpret relevant secondary data and SharÄ«Ê¿ah concepts in developing the zakÄh- and waqf-based micro-takÄful model. Findings: It is discovered throughout the investigation of attributes of beneficiaries of zakÄh and waqf institutions as well as micro-takÄful scheme that all share commonalities in terms of social securities and socio-economic support to low-income households in societies. The study also finds that the disintegration of zakÄh and waqf which form part of the Islamic ecosystem from the micro-takÄful model makes it less effective and sustainable. Originality/value: This study appears as a primitive attempt to discuss and develop a zakÄh and waqf-based micro-takÄful model with reference to Malaysian jurisdiction. © 2017, Said Adekunle Mikail, Muhammad Ali Jinnah Ahmad and Salami Saheed Adekunle.
Year
2017
Country
Malaysia
Language
English
Abstract
English
ISSN/ISBN
1281976
No. of Pages
100-105
Number
1
Volume
9
Select type of work
Name of the Journal
Affiliations
CIS Program Old
References
CIS publications
No
CIS Thesis
No