Leveraging Qardhul Hasan Practices from Zakat Funds Through Maqasid Shariah: Lessons From Indonesia and Malaysia
DOI:
https://doi.org/10.32332/muamalah.v3i2.9718Keywords:
Qardhul Hasan, Zakat Fund, Maqasid Al-Shariah, Zakat RegulationAbstract
This study examines the practice of qardhul hasan funded by zakat through the perspective of maqasid sharia, focusing on case studies in Indonesia and Malaysia. Qardhul hasan, defined as an interest-free loan, presents a promising method for effectively utilizing zakat funds; however, its implementation within the framework of Islamic law remains a subject of ongoing debate. A qualitative approach was employed, including content analysis and semi-structured interviews with experts in zakat and Islamic law. The findings indicate that maqasid sharia provides a strong foundation for implementing qardhul hasan, particularly in supporting post-pandemic economic recovery. It is crucial to establish clear parameters and guidelines to ensure that qardhul hasan practices adhere to sharia principles and achieve the goal of social justice. This research advances the current understanding of qardhul hasan by highlighting its potential impact on zakat management and economic recovery. Additionally, it encourages zakat policymakers and practitioners to focus on developing effective systems aligned with maqasid sharia and emphasizes the need for ongoing evaluation and trials to enhance zakat's role in societal welfare.
Downloads
References
Ahyani, Hisam, Memet Slamet, and Tobroni. “Building the Values of Rahmatan Lil ’Alamin for Indonesian Economic Development at 4.0 Era from the Perspective of Philosophy and Islamic Economic Law.” Al-Ihkam: Jurnal Hukum & Pranata Sosial 16, no. 1 (2021): 111–36. https://doi.org/10.19105/al-lhkam.v16i1.4550.
Ahyani, Hisam, Ending Solehudin, Naeli Mutmainah, and Nurul Ilyana Muhd Adnan. “Integration of Productive Waqf in Sharia Insurance: Enhancing Investment and Life Protection.” Review of Islamic Social Finance and Entrepreneurship, September 10, 2024, 169–83. https://doi.org/10.20885/RISFE.vol3.iss2.art5.
Alam, Azhar, Achmad Fajar Sidiq, and Aditya Nurrahman. “Qardhul Hasan’s Contract at Islamic Microfinance Institutions: A Management and Evaluation Study.” Al-Infaq: Jurnal Ekonomi Islam 14, no. 1 (June 30, 2023): 33–45. https://doi.org/10.32507/ajei.v14i1.1655.
Alshater, Muneer M., Irum Saba, Indri Supriani, and Mustafa Raza Rabbani. “Fintech in Islamic Finance Literature: A Review.” Heliyon 8, no. 9 (September 1, 2022): e10385. https://doi.org/10.1016/j.heliyon.2022.e10385.
Amin, Hanudin, M. Kabir Hassan, and Imran Mehboob Shaikh. “Waqf-Based Qardhul Hassan Financing Preference in Malaysia: An Exploratory Study.” International Journal of Ethics and Systems ahead-of-print, no. ahead-of-print (January 1, 2023). https://doi.org/10.1108/IJOES-02-2023-0025.
Aminjonov, Ulugbek, Olivier Bargain, and Tanguy Bernard. “Gimme Shelter. Social Distancing and Income Support in Times of Pandemic.” European Economic Review 157 (August 1, 2023): 104507. https://doi.org/10.1016/j.euroecorev.2023.104507.
Anam, Moh Khoirul, Risdianto, and Hairullfazli Bin Mohammad Som. “Analysis of Maqashid Syariah Principles in the Governance of Fundraising Activities of Zakat Management Institutions.” FITRAH: Jurnal Kajian Ilmu-Ilmu Keislaman 9, no. 1 (June 30, 2023): 147–64. https://doi.org/10.24952/fitrah.v9i1.6271.
Bhari, Azri, Mohammad Mahyuddin Khalidii, Mohd Ashrof Zaki Yaakob (Dr.)iii, Mohd Faiz Mohamed Yusof (Dr.)iv, Nurfitriyah Salihah binti Shaharinv, Nurul ‘Ain binti Mohd Vi, Norazlina binti Mamatvii, and Nurulaina binti Saidinviii & Mohd Yusra Abdullahvi. “Analysis of Poverty Determination Methods in Malaysia Zakat Institutions.” Journal of Positive School Psychology 6, no. 2 (March 23, 2022): 1323–30.
Candra, Dul, Baitul Hamdi, Sri Herianingrum, and Hafidhotul Amaliyah. “The Effect of Zakat Distribution and the Growth of the Halal Industry on the Human Development Index and Its Impact on Indonesia’s Unemployment Rate.” Jurnal Ilmiah Ekonomi Islam 9, no. 1 (March 10, 2023): 598–608. https://doi.org/10.29040/jiei.v9i1.7928.
Chebby, Francis, Naza Mmbaga, and Kelvin Ngongolo. “Impact of COVID-19 Pandemic on Tourism, Income of Local Communities and Biodiversity Conservation: Evidence from Burunge Wildlife Management Area, Tanzania.” Heliyon, January 9, 2024, e24327. https://doi.org/10.1016/j.heliyon.2024.e24327.
Fitriyani, Yeny, and Mussollini Sinsuat Lidasan. “Determinant of Qard: Evidence from Indonesian Islamic Rural Banks.” Muqtasid: Jurnal Ekonomi Dan Perbankan Syariah 14, no. 2 (2023): 93–114. https://doi.org/10.18326/muqtasid.v14i2.93-114.
Hakim, Muhammad Lutfi. “Islamic Law and Society in Indonesia: Corporate Zakat Norms and Practices in Islamic Banks, by Alfitri.” Bijdragen Tot de Taal-, Land- En Volkenkunde / Journal of the Humanities and Social Sciences of Southeast Asia 179, no. 1 (January 1, 2023): 115–18. https://doi.org/10.1163/22134379-17901001.
Hamdi, Baitul, and Dul Candra. “The Impact Of MSME Waqf On Economic Recovery During The Covid-19 Pandemic: Case Study Of Global Waqf -ACT.” Jurnal Ilmiah Ekonomi Islam 8, no. 2 (June 23, 2022): 1229–36. https://doi.org/10.29040/jiei.v8i2.4510.
Harahap, Arifuddin Muda, Haris Maiza Putra, and Hisam Ahyani. “Analysis of Political Preferences and Implementation of the Birrul Walidain Concept in Indonesia: Review of Islamic Law and Maslahah Perspective.” El-Usrah 7, no. 2 (2024): 1–18. https://doi.org/10.22373/ujhk.v7i1.21987.
Hartono, Haryani Santo, and Faruq Ahmad Futaqi. “Analysis of Qardhul Hassan Based on Islamic Philantrophy Funds at Bankziska Lazismu East Java.” Proceeding of International Conference on Islamic Philantrophy 1 (July 9, 2023): 132–42. https://doi.org/10.24090/icip.v1i1.311.
Huda, Miftakhul, Niska Shofia, Ending Solehudin, Opik Rozikin, and Hisam Ahyani. “Development of Progressive Islamic Law in Indonesia Regarding ‘Apostasy’ as Grounds for Divorce: Insights from Maqasid Sharia.” Ulul Albab: Jurnal Studi Dan Penelitian Hukum Islam 6, no. 1 (May 29, 2024): 73–85. https://doi.org/10.30659/jua.v6i1.36754.
Ibrahim, Muhammad Anas, Nurul Ilyana Muhd Adnan, Aemy Aziz, Hafizuddin Muhd Adnan, and Nurul Izwah Muhd Adnan. “The View of Zakat Practitioners on Micro Financing from Zakat Funds as Productive Zakat for Asnaf Entrepreneurs.” International Journal of Academic Research in Business and Social Sciences 11, no. 4 (April 29, 2021): 1083–97.
Iskandar, Azwar, Bayu Taufiq Possumah, Khaerul Aqbar, and Akhmad Hanafi Dain Yunta. “Islamic Philanthropy and Poverty Reduction in Indonesia: The Role of Integrated Islamic Social and Commercial Finance Institutions.” AL-IHKAM: Jurnal Hukum & Pranata Sosial 16, no. 2 (December 31, 2021): 274–301. https://doi.org/10.19105/al-lhkam.v16i2.5026.
Jayanto, Prabowo Yudo, Hasan Mukhibad, and Nana Abdul Aziz. “Bank Social Fund Distribution and Cost of Profit-Sharing Investment Account: Evidence from Indonesia.” Journal of Islamic Accounting and Finance Research 5, no. 2 (November 16, 2023): 203–30. https://doi.org/10.21580/jiafr.2023.5.2.16733.
Kamaruddin, Misbahuddin, Suprijati Sarib, and Syamsul Darlis. “Cultural-Based Deviance on Islamic Law; Zakat Tekke Wale’ Spending in Basala, Konawe, Southeast Sulawesi, Indonesia.” AL-IHKAM: Jurnal Hukum & Pranata Sosial 18, no. 2 (2023): 568–90. https://doi.org/10.19105/al-lhkam.v18i2.10150.
Kizilkaya, Necmettin. Methodology of Islamic Economics: Problems and Solutions. Routledge, 2021. https://www.routledge.com/Methodology-of-Islamic-Economics-Problems-and-Solutions/Kizilkaya/p/book/9781032086477.
Kusrin, Zuliza Mohd, Roseliza Murni Ab Rahman, Mohd Al Adib Samuri, and Nurul Ilyana Muhd Adnan. “Standard Operating Procedure for the Arrests and Detentions of Individuals with Autism in Four Countries.” Samarah: Jurnal Hukum Keluarga Dan Hukum Islam 8, no. 1 (February 7, 2024): 216–35. https://doi.org/10.22373/sjhk.v8i1.16085.
Kusrin, Zuliza Mohd, Abrahman Roseliza-Murni, Wafaa Yusof, Zaini Nasohah, Mohd Al Adib Samuri, Nurul Ilyana Muhd Adnan, and Zahidah Dahalan. “People with Autism and the Propensity for Law-Breaking: A Special Education Teachers’ Perspective.” UUM Journal of Legal Studies 14, no. 2 (July 31, 2023): 509–33. https://doi.org/10.32890/uumjls2023.14.2.4.
Lestari, Yuliani Dwi, Raditya Sukmana, Irfan Syauqi Beik, and Mahfud Sholihin. “The Development of National Waqf Index in Indonesia: A Fuzzy AHP Approach.” Heliyon 9, no. 5 (May 1, 2023): e15783. https://doi.org/10.1016/j.heliyon.2023.e15783.
Madah Marzuki, Marziana, Wan Zurina Nik Abdul Majid, and Romzie Rosman. “Corporate Social Responsibility and Islamic Social Finance Impact on Banking Sustainability Post-COVID-19 Pandemic.” Heliyon 9, no. 10 (October 1, 2023): e20501. https://doi.org/10.1016/j.heliyon.2023.e20501.
Maksum, Muhammad, and Nur Hidayah. “The Mechanism of Avoiding Riba in Islamic Financial Institutions: Experiences of Indonesia and Malaysia.” JURIS (Jurnal Ilmiah Syariah) 22, no. 2 (December 15, 2023): 235–44. https://doi.org/10.31958/juris.v22i2.6952.
Maulina, Rindawati, Wawan Dhewanto, and Taufik Faturohman. “The Integration of Islamic Social and Commercial Finance (IISCF): Systematic Literature Review, Bibliometric Analysis, Conceptual Framework, and Future Research Opportunities.” Heliyon 9, no. 11 (November 1, 2023): e21612. https://doi.org/10.1016/j.heliyon.2023.e21612.
Mawardi, Imron, - Tika Widiastuti, - Muhammad Ubaidillah Al Mustofa, and Fifi Hakim. “Analyzing the Impact of Productive Zakat on the Welfare of Zakat Recipient.” Journal of IslamiAccounting and Business Research 14, no. 1 (2023): 118–40.
Mubarrak, Husni, Faisal Yahya, and Iskandar Iskandar. “Contestation on Religious Interpretation in Contemporary Aceh Sharīa: Public Caning in Prison as the Case of Study.” JURIS (Jurnal Ilmiah Syariah) 22, no. 2 (December 15, 2023): 213–22. https://doi.org/10.31958/juris.v22i2.10258.
Munawar, Faishal Agil Al. “‘Abd al-Majīd al-Najjār’s Perspective on Maqāṣid al-Sharī’ah.” JURIS (Jurnal Ilmiah Syariah) 20, no. 2 (December 15, 2021): 209–23. https://doi.org/10.31958/juris.v20i2.4281.
Mursyid, Alias Candra. “Performance Analysis of Sharia and Conventional Banks with Maqashid Sharia: Case Study of Indonesia and Malaysia in 2016-2020.” Journal of Southwest Jiaotong University 57, no. 4 (2022). http://jsju.org/index.php/journal/article/view/1293.
Naisabur, Nanang, Haris Maiza Putra, Hisam Ahyani, Dwi Novita, and Pat Kurniati. “The Prohibition of Social E-Commerce on TikTok Shop: A Fiqh Examination Based on Sharia Compliance and Economic Justice.” Al-Manahij: Jurnal Kajian Hukum Islam 18, no. 1 (March 25, 2024): 59–78. https://doi.org/10.24090/mnh.v18i1.9674.
Nofiardi, Nofiardi, and Fahmil Samiran. “Living Under the Same Roof Before the Date of Separation: The Relevance of Maqāṣid al-Sharī’ah and Minangkabaunese Custom in A New Direction for Families.” JURIS (Jurnal Ilmiah Syariah) 22, no. 2 (December 15, 2023): 305–16. https://doi.org/10.31958/juris.v22i2.9014.
Noh, Mohd Shahid Bin Mohd. “The Economic Thought of Syeikh al Mutawalli Al-Sya’rawi from His Book of ‘Tafsir Al-Sya’rawi.’” Iqtishoduna: Jurnal Ekonomi Islam 10, no. 2 (October 1, 2021). https://doi.org/10.36835/iqtishoduna.v10i2.1007.
Putra, Haris Maiza, Hisam Ahyani, Nanang Naisabur, Muharir Muharir, and Chikal Anugrah Putra Naisabur. “Reconstruction of the Practice of Siyasa Syar’iyyah During the Islamic Empire’s Relevance to the Practice of Sharia Financing CWLS Retail in Indonesia.” Al-Istinbath: Jurnal Hukum Islam 8, no. 2 November (2023): 347–68.
Putra, Haris Maiza, Fauziah, Aji Sofanudin, Nurul Ilyana Muhd Adnan, and Akhmad Sulaiman. “Building an Aware Culture of Islamic Laws to Create a Prosperous and Just Country (Synergy of Penta Helix and Circle of Equity for Halal Product Assurance Organizers in Law No. 6 of 2023 in the Process of Halal Certification Services in Indonesia).” Petita: Jurnal Kajian Ilmu Hukum Dan Syariah 9, no. 2 (2024). https://doi.org/10.22373/petita.v5i2.99.
Rachmawati, Emma, Yuyun Umniyatun, Muhib Rosyidi, and Mochamad Iqbal Nurmansyah. “The Roles of Islamic Faith-Based Organizations on Countermeasures against the COVID-19 Pandemic in Indonesia.” Heliyon 8, no. 2 (February 1, 2022): e08928. https://doi.org/10.1016/j.heliyon.2022.e08928.
Raza Rabbani, Mustafa, Mahmood Asad Mohd. Ali, Habeeb Ur Rahiman, Mohd. Atif, Zehra Zulfikar, and Yusra Naseem. “The Response of Islamic Financial Service to the COVID-19 Pandemic: The Open Social Innovation of the Financial System.” Journal of Open Innovation: Technology, Market, and Complexity 7, no. 1 (March 2021): 85. https://doi.org/10.3390/joitmc7010085.
Raza Rabbani, Mustafa, Mahmood Asad Mohd. Ali, Habeeb Ur Rahiman, Mohd. Atif, Zehra Zulfikar, and Yusra Naseem.. “The Response of Islamic Financial Service to the COVID-19 Pandemic: The Open Social Innovation of the Financial System.” Journal of Open Innovation: Technology, Market, and Complexity 7, no. 1 (March 1, 2021): 85. https://doi.org/10.3390/joitmc7010085.
Rizal, Ruslan Abdul Ghofur, and Pertiwi Utami. “The Role of Muslim Generation Community at Zakat Collection on Realizing Sustainable Development Goals (SDGs) in the Era of Digital Society 5.0.” JURIS (Jurnal Ilmiah Syariah) 22, no. 1 (June 14, 2023): 105–18. https://doi.org/10.31958/juris.v22i1.6562.
Rusydiana, Aam, Raditya Sukmana, Nisful Laila, and Sherrindra Avedta. “Waqf, Maqasid al-Sharia, and SDG-5: A Model for Women’s Empowerment.” AL-IHKAM: Jurnal Hukum & Pranata Sosial 17, no. 2 (December 31, 2022): 325–35. https://doi.org/10.19105/al-lhkam.v17i2.6572.
Saadah, Mazroatus, and Uswatun Hasanah. “The Common Goals of BAZNAS’ Zakat and Sustainable Development Goals (SDGs) According to Maqasid Al-Sharia Perspective.” AL-IHKAM: Jurnal Hukum & Pranata Sosial 16, no. 2 (December 31, 2021): 302–26. https://doi.org/10.19105/al-lhkam.v16i2.4990.
Salim, Kinan, Baharom Abdul Hamid, Ziyaad Mahomed, and Wiaam Hassan. “Zakat-Based Urban Farming: A Tool for Poverty Alleviation, Community Empowerment, Financial Inclusion, and Food Security.” Review of Islamic Social Finance and Entrepreneurship, March 27, 2024, 1–19. https://doi.org/10.20885/RISFE.vol3.iss1.art1.
Salma, Dzikrina Fikrotus, Nunung Nuryartono, and Budi Purwanto. “Sharia Financial Inclusion to Build Economic Resilience of Micro Small Enterprises During COVID-19.” Jurnal Manajemen Dan Organisasi 14, no. 4 (2023): 430–39. https://doi.org/10.29244/jmo.v14i4.47631.
Soedarmono, Wahyoe, and Inka Yusgiantoro. “Islamic Bank Procyclicality in an Emerging Market Economy: Do Bank Size and Financing Contracts Matter?” The Quarterly Review of Economics and Finance 92 (December 1, 2023): 132–41. https://doi.org/10.1016/j.qref.2023.09.003.
Solehudin, Ending, and Hisam Ahyani. “Legal Compliance on Sharia Economics in Halal Tourism Regulations.” Petita: Jurnal Kajian Ilmu Hukum Dan Syariah 9, no. 1 (April 1, 2024): 58–79. https://doi.org/10.22373/petita.v9i1.224.
———. “Study on Sharia Compliance Principles in Halal Tourism Business in Bandung Regency: An Implementation of Islamic Business Ethics Principles (Professional Ethics).” Millah: Journal of Religious Studies 23, no. 1 (2024). https://journal.uii.ac.id/Millah/article/view/30239.
Solehudin, Ending, Hisam Ahyani, and Haris Maiza Putra. “Study on Sharia Compliance Principles in Halal Tourism Business in Bandung Regency: An Implementation of Islamic Business Ethics Principles (Professional Ethics).” Millah: Journal of Religious Studies, February 29, 2024, 39–66. https://doi.org/10.20885/millah.vol23.iss1.art2.
Solehudin, Ending, Miftakhul Huda, and Hisam Ahyani. “Transformation of Shariah Economic Justice: Ethical and Utility Perspectives in the Framework of Maqashid Shariah.” Al-Risalah: Forum Kajian Hukum Dan Sosial Kemasyarakatan 24, no. 1 (June 29, 2024): 103–19. https://doi.org/10.30631/alrisalah.v24i1.1467.
Syahbandir, Mahdi, Wais Alqarni, Dahlawi Maz, Abdul Hakim, and Bunyamin Muhiddin. “State Authority for Management of Zakat, Infaq, and Sadaqah as Locally-Generated Revenue: A Case Study at Baitul Mal in Aceh.” AL-IHKAM: Jurnal Hukum & Pranata Sosial 17, no. 2 (December 31, 2022): 554–77. https://doi.org/10.19105/al-lhkam.v17i2.7229.
Syarifudin, Moh, and Nur Kholis. “Towards Rahmatan Lil ’Alamin Economy (Analysis of Ukhuwah Islamiyah and Ashabiah for Economic Development in Medina).” IQTISHODUNA: Jurnal Ekonomi Islam 10, no. 1 (April 1, 2021): 59–76. https://doi.org/10.36835/iqtishoduna.v10i1.955.
Thaker, Mohamed Asmy Bin Mohd Thas. “Leveraging Islamic Banking and Finance for Small Business: Exploring the Conceptual and Practical Dimensions,” no. 1156 (June 24, 2020). https://www.adb.org/publications/leveraging-islamic-banking-finance-small-business.
Widiastuti, Tika, Arie Prasetyo, Anidah Robani, Imron Mawardi, Rida Rosida, and Muhammad Ubaidillah Al Mustofa. “Toward Developing a Sustainability Index for the Islamic Social Finance Program: An Empirical Investigation.” PLOS ONE 17, no. 11 (November 22, 2022): e0276876. https://doi.org/10.1371/journal.pone.0276876.
Widodo, Eko Wahyu, and Wahyu Widarjo. “The Influence of Directors’ Characteristics on the Social Performance of Sharia Banking in Indonesia.” European Journal of Business and Management Research 9, no. 4 (August 14, 2024): 57–67. https://doi.org/10.24018/ejbmr.2024.9.4.2309.
www.ey.com. “National People s Well Being and Economic Recovery Package PEMULIH” 5, no. 29 (2021). https://www.ey.com/en_my/tax-alerts/national-people-s-well-being-and-economic-recovery-package-pemul.
Zahri, Mohd ‘Adli, Nurul Ilyana Muhd Adnan, Irfan Irfan, and Mohd Izhar Ariff Mohd Kashim. “Microfinancing from the Zakat Fund in Baitul Mal Aceh and the Readiness of Malaysia’s Asnaf Entreprenuers.” Samarah: Jurnal Hukum Keluarga Dan Hukum Islam 7, no. 1 (March 31, 2023): 418–30. https://doi.org/10.22373/sjhk.v7i1.16012.
Downloads
Published
Issue
Section
License
Copyright (c) 2024 Hisam Ahyani, Naeli Mutmainah, Nurul Ilyana Muhd Adnan, Ending Solehudin, Encep Taufik Rahman, Miftakhul Huda
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
All articles in the Mu'amalah: Jurnal Hukum Ekonomi Syariah can be disseminated on condition that they still include the identity of the article and the source (Mu'amalah). The publisher is not responsible for the contents of the article. The content of the article is the sole responsibility of the author.
Authors who publish this subject agree to the following terms:
First, the Authors retain copyright and grant the journal rights from the first publication with the work simultaneously licensed under a Creative Commons Attribution-ShareAlike 4.0 International License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
Secondly, the authors can enter into a separate or an acknowledgement of its initial (e.g., post-institutional repository or publish it in a book) publication in this journal.
Third, the authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) before publishing work is cited.
