Research Trends on Zakāh in Western Literature

Belouafi, Ahmed; Belabes, Abderrazak

doi:10.12816/0025313

Cited by 5 publications

(6 citation statements)

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“…According to Kahf and Al Yafai (2015), Zakah as a social security system has been in existence in the Muslim world for nearly 14 centuries, while the Western world only established social security systems during the first two decades of the past century. Though, it is on record that the Western world was aware of Islamic Zakah system and scholars wrote many academic works on it (Belouafi and Belabes, 2016). Over the past 40 years, Zakah, both in theory and applications, has received a fair amount of attention from Islamic economists.…”

Section: Methodsmentioning

confidence: 99%

“…Over the past 40 years, Zakah, both in theory and applications, has received a fair amount of attention from Islamic economists. But, this is of less relative significance when compared with the attention generated by theory and applications of Islamic banking and finance during the same period of time (Belouafi and Belabes, 2016). On the jurisprudential aspect of Zakah in the modern period, the works of Sheik Yusuful Al-Qardawi and that of other Fiqh (jurisprudence) scholars have made significant contributions today in helping Muslim scholars trained in conventional economics to grasp Fiqh ruling on Zakah matters.…”

Section: Methodsmentioning

confidence: 99%

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Zakah as tool for social cause marketing and corporate charity: a conceptual study

Abdullahi

2019

JIMA

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Purpose This paper explores the role of Zakah in social cause marketing. Academic literature on Islamic economics, finance and management mostly deals with the links that exists between Zakah and consumption, neglecting important and strategic links with social cause marketing. This paper emanated from need to outline social cause and the charitable role of Zakah in promoting Halal businesses, poverty alleviation and sustainable development. Most works in the field of Zakah did not foresee the role of marketing. This is a misjudgement, as this work showed that Zakah yields large and measurable social gains to help the society and a firm. Design/methodology/approach Secondary sources were used in writing this paper. Available literature in the form of journals, books, manuals and reports was referred to. As a conceptual work, the paper does not test hypothesis or pretends to provide empirical evidences. It uses mathematical economics in arriving at some of the conclusions. Findings were derived through deductions and critical discourses, not through crunching of primary data. Findings The paper shows how Zakah, Halal consumption and corporate social responsibility are connected and highlights the role of Zakah as a social marketing tool. It shows how Zakah affects consumption through marginal propensity of Zakah recipients who spend Zakah money on basic needs. Research limitations/implications The paper looks at the broad aspects of Zakah and social marketing. How to make Zakah a pillar of Islamic firms’ social cause programs shall be the focus of future academic works in this area. Originality/value The paper is unique in drawing attention of Islamic firms to the effectiveness of Zakah in building a corporate image. It draws the attention of firms, activists, academics and governments to functions of Zakah that have not been studied in depth.

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Section: Methodsmentioning

confidence: 99%

Section: Methodsmentioning

confidence: 99%

Zakah as tool for social cause marketing and corporate charity: a conceptual study

Abdullahi

2019

JIMA

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“…One of the significant research directions in Islamic social financial tools covers the unfair discourse related to zakat and Islamic finance with terrorism (Belouafi and Belabes, 2016). Finding the way to destroy the reviews that completely contradict Islamic finance’s social benefits and confuse the concepts is the research question of current interest.…”

Section: Discussion and Resultsmentioning

confidence: 99%

“…The researchers’ focus and attention focused on Islamic finance and banking issues at the theoretical and practical aspects. The other elements of Islamic economics, mainly Islamic social finance, have been paid less attention (Belouafi and Belabes, 2016). The social component inherent in Islamic economic relations is defined in the Holy Scriptures.…”

Section: Introductionmentioning

confidence: 99%

Islamic social finance: a literature review and future research directions

Kuanova

Sagiyeva

Shirazi

2021

JIABR

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Purpose This paper aims to study the main trends of scientific research in Islamic finance’s social aspects to clarify place, role and functions, especially in the context of increasing social problems. To achieve this goal, this paper focuses on the social component of Islamic finance, analyzes publications on social Islamic finance in the Web of Science database, covering the period from 1979 to 2020, specify the geographical localization of research networks, determines the most cited authors and their scientific position. Design/methodology/approach The authors have applied several literature review techniques, a bibliometric citation and co-citation analysis, a co-authorship analysis and a review of the most cited papers. The analyzes’ results allow us to offer five future questions in Islamic social finance, zakat and waqf, which have not been investigated before and could influence Islamic social finance and Islamic finance research. Findings The authors also derive and summarize five leading future research questions. Research limitations/implications This is a limitation of using only the Web of Science Core Collection database as the premier resource and the most trusted citation index for the world’s scientific and scholarly research. Further study might expand the types of analyzed units, include more keywords and include other databases, such as Scopus. Originality/value This paper can be considered as an inspirational one to future researchers and policymakers in Islamic social finance.

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“…Despite its importance, Islamic social finance has been paid insignificant attention 5 by scholars, researchers, and practitioners. On the same note, a study clearly highlights the need of research in the field by stating that "many researchers argue that Islamic finance is socially responsible and based on the relationship of moral and ethical principles, however, there are no studies that measure or assess these social components of Islamic finance.…”

Section: Introductionmentioning

confidence: 99%

Islamic Social Finance Ecosystem and the Role of Crowdfunding: A Proposed Model

ABIDULLAH KHAN,

RADITYA SUKMANA,

ABID MAHMOOD

2023

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Social finance is a naïve concept in the mainstream of social entrepreneurial and finance literature. Particularly, in Islamic finance environment it could not attract significant attention from the researchers, academicians, and practitioners. Though, some studies have discussed the tools of Islamic social finance, however, the focus on developing a practicable conceptual framework remained least attentive in recent studies. This study aims to fill this gap and attract the attention of all stakeholders to augment the Islamic Social finance theory and provide grounds for practitioners and academicians to implement technological tools to enhance its social impact. This study uses a qualitative library research approach to develop the spectrum of Islamic social finance and identify the issues faced by the key players within the spectrum. Likewise, technological advancement in the form of crowdfunding is exclusively proposed for the Islamic social finance spectrum in order to overcome all related issues and meet the objectives of SharÊ‘ah i.e., MaqÉÎid al SharÊ‘ah which are embedded in its CSR values. This study is envisioned to open the doors of debate for academicians to further enhance the general theory of Islamic Social finance. Moreover, this study also expects to pave the way for practitioners to further improve the suggested model through blockchain technology.

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Research Trends on Zakāh in Western Literature

Cited by 5 publications

References 0 publications

Zakah as tool for social cause marketing and corporate charity: a conceptual study

Zakah as tool for social cause marketing and corporate charity: a conceptual study

Islamic social finance: a literature review and future research directions

Islamic Social Finance Ecosystem and the Role of Crowdfunding: A Proposed Model

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