Bridging Zakat Impacts toward Maqasid Shariah and Sustainability Development Goals (SDGs), Influence of Corporatization and Experiences on COVID-19

Islamic Wealth and the SGDs: Global Strategies for Socio-Economic Impact (pp.393-420). Switzerland: Palgrave Macmillan (2021)

Posted: 18 May 2021

See all articles by Muhammad Iqmal Hisham Kamaruddin

Muhammad Iqmal Hisham Kamaruddin

Universiti Sains Islam Malaysia (USIM)

Mustafa Hanefah

Universiti Sains Islam Malaysia (USIM) - Faculty of Economics and Muamalat

Date Written: 2021

Abstract

This study attempts to link between the current impacts of zakat institutions (ZIs) activities and programs under all 14 states in Malaysia with maqasid shariah and sustainable development goals (SDGs). Besides, this study also compares these impacts between corporatize and non-corporatize ZIs in order to evaluate whether corporatization structure influences ZIs impact practices. Each ZIs activities and programs were analyzed using content analysis and evaluation on these zakat activities and programs impacts with maqasid shariah and SDGs was undertaken using binomial logic. The results indicate high zakat impacts on maqasid shariah elements and SDGs goals. This study also found no significant impacts of corporatization reformation of ZIs and zakat impacts. In addition, findings also found significant ZIs actions on COVID-19 pandemic recently that potentially impact both maqasid shariah and SDGs. The findings from this study implicate the need for all ZIs in Malaysia, regardless of corporatization structure, to continue enhancing their zakat impact on SDGs goals. This is because successful zakat fund management can be portrayed through the management’s effectiveness and efficiency in delivering and utilizing of resources to attain its socioeconomic objectives.

Keywords: Zakat Impact, Maqasid Shariah, Sustainability Development Goals (SDGs), Corporatization, COVID-19

Suggested Citation

Kamaruddin, Muhammad Iqmal Hisham and Hanefah, Mustafa, Bridging Zakat Impacts toward Maqasid Shariah and Sustainability Development Goals (SDGs), Influence of Corporatization and Experiences on COVID-19 (2021). Islamic Wealth and the SGDs: Global Strategies for Socio-Economic Impact (pp.393-420). Switzerland: Palgrave Macmillan (2021), Available at SSRN: https://ssrn.com/abstract=3848293

Muhammad Iqmal Hisham Kamaruddin (Contact Author)

Universiti Sains Islam Malaysia (USIM) ( email )

Bandar Baru Nilai
Nilai, 71800
Malaysia

Mustafa Hanefah

Universiti Sains Islam Malaysia (USIM) - Faculty of Economics and Muamalat

N.Sembilan
Malaysia

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