A Crowd-Funding Platform for Managing Zakat and Sadaqa
In a few earlier posts I sought to build a case in favor of creating a centralized pool/ platform (Should Zakat be Centralized in India?) for managing zakat and sadaqa …
A Model Orphanage in Kazakhstan
Ensuring a life of dignity for orphans is a very special act of piety, benevolence and kindness in Islam as in all religions. The holy Quran says: “Treat not the …
Developing a Governance Framework for Islamic Social Finance Institutions
February 12, 2015 An Islamic social finance institution is essentially a non-profit or charity organization that seeks to operationalize the concepts of waqf, zakah, sadaqah and qard hasan. It has …
Lessons from a Hospital Tragedy
Social edupreneurs like Dr Manoj Nayak deserve respect. I am shocked to see how quickly our society can brush aside all the contribution of this man towards education, healthcare, social …
Making Sense of Onion Economics in India: Can Islamic Finance Help?
I was motivated to write this piece by the story of a poor farmer in India. The story of this 48-year old farmer Devidas Parvane from the Rasai village of …
Islamic Finance in India: A New Beginning?
It was an Indian scholar, Dr Muhammad Nejatullah Siddiqi who provided the first theoretical model for an Islamic bank in his celebrated book “Banking without Interest” in the 1960s. He went …
Islamic Social Finance at World Humanitarian Summit
It was an eagerly awaited event. A day before the event, the daily Star of Malaysia published an interview titled “Taking Islamic Social Finance to the World” with HE the …
Should Zakat Be Used for Humanitarian Finance?
On March 26 a very interesting document “An Act of Faith: Humanitarian Financing and Zakat” prepared by Chloe Stirk was launched at an event hosted by Development Initiatives and Muslim Charities Forum …
Revisiting Islamic Philanthropy for Sustainable Opportunities Finance
2nd Yayasan Tun Ismail Berdafter Public Lecture on Islamic Finance at Kuala Lumpur Plan of Lecture: Opportunities Finance in Islam Institutions of Islamic Philanthropy 2.1. Institution of Zakat 2.2. Institution …
Growing Potatoes on the Shores of Nile: A Successful Experiment in Islamic Microfinance
An abundance of fertile arable land, water resources on the shores of Nile and the presence of a hardworking farming community in the region have led a Sudanese microfinance outfit, …