Behavioral Dimensions of Zakat Contribution by Individuals: A Survey

The purpose of this survey is to gain a basic understanding of what governs the behavior of zakat payers and then map the same with what the environment offers to them in terms of products, practices, policies, regulations and what-have-you. It would also be interesting to study how the factors may differ for alternative forms of charity…

Plantation Waqf to Promote Education: Sale and Waqf Back

In a few earlier blogs I have highlighted cases where the concept of waqf  has been used in an innovative manner, e.g. creation of a corporate waqf for provision of healthcare (Wakaf An-Noor); education, encouragement to art and culture (Vehbi KoC Vekfi); livestock for adahi (Awqaf New Zealand) for Muslims living in Western countries; relief…

Musharaka-Based Microfinance by BoK ? IV

Livestock production is an important component of the local economy in Sudan, providing food, employment, foreign exchange earnings, a source of wealth, and supply of inputs and services, such as draught power, manure and transport. The livestock subsector however, faces numerous constraints, including a heavy disease burden, low productivity exacerbated by drought and insecurity, the…

Salam-Based Microfinance by BoK ? III

Salam has traditionally been understood as a mode of agricultural finance. Indeed, as scholars point out, one of the reasons why salam is admissible as an Islamic mode, even while violating the basic Shariah rule of “do not sell what you do not have”, is because of its economic significance.  It provides a mechanism to…

Islamic Participatory Microfinance by BoK ? II (Abu Halima)

The Abu-Halima Greenhouses Project of IRADA, designed in 2011, uses a composite model of intervention that combines several “smart” factors and is designed to address several critical social issues including lack of food security, unemployment and poverty. It aims to open new economic opportunities for young university graduates with formal education in agriculture. The project…

Islamic Participatory Microfinance by Bank of Khartoum

The name is now familiar among Sudan’s poor, unemployed and recent pass-outs from universities. The Irada program of Bank of Khartoum is experimenting with new and innvovative models of intervention to make a dent on chronic social problems, such as, poverty and unemployment. As part of the Sudanese economic system, it operates as a Shariah…

Zakat Management by Islamic Community in Bosnia & Herzegovina

One of the delegates at the World Zakat Forum held at New York City during 28-29 May 2014, who made an instant impact among the participants with his excellent presentation and unbounded enthusiasm was Elnur Salihović. Br Elnur heads the Zakat Office of the Islamic Community in Bosnia and Herzegovina. My brief interaction with him…