A Fintech-Backed Effective Mosque-Funds Mobilization and Collection Framework in Uganda

Abstract

This paper's purpose is to explore the role financial technology (FinTech) plays in the effective finance mobilization and management in Mosques in Uganda. This paper looks into the concept of FinTech, its evolution, operation in Uganda and goes further to propose an effective framework through which it can contribution to the effective Mosque funds mobilization and management in Uganda. Financial technology, also known as FinTech, is sub-domain of information technology that is often used to underscore new technological systems that automate, speed up and effectively deliver transactions and financial information through specialized software and hardware built for specific purposes. This qualitative research aims to propose an effective FinTech-backed framework through which mosques can achieve higher funds (Zakat, Sadaqa etc.) collection margins as compared to the traditional methods.

Analysis of Financial Performance Measurement Models for Zakat Institutions

“…According to many researchers, e.q. (Akbar & Zen, 2022;Hamzah et al, 2023;Khumaini et al, 2022;Mahendra et al, 2021;Rosalina & Bahri, 2022), to improve the welfare of the Muslim community, Islam has instruments of zakat, infaq and alms. As an illustration, zakat is an obligation, while infaq and alms are sunnah practices (Firdaus & Ahmad, 2023;Renata & Afrimaigus, 2022).…”

The Influence of Facilitating Condition and Perceived Usefulness on Intention to Use Mobile Applications in Uganda

“…The Central Bank published the National Payment Systems Act in the year, 2020 to facilitate international transactions. Furthermore, in 2021, Central Bank granted permission to use FinTech in Uganda to Pegasus Technologies, Airtel, MTN, and, Chipper (Hamzah et al, 2023). Uganda advanced in its financial technology journey when Uganda's development blueprint, Vision 2040, heightened awareness of financial inclusion for its population.…”