The Issue of Anonymity in Digital Zakat
Identity brings in many benefits in the context of zakat distribution (as underlined in my earlier blog). Lack of identity or anonymity on the part of the beneficiaries is certainly …
The Issue of Identity in Digital Distribution of Zakat
My last blog ended on a note that digitizing zakat payments to beneficiaries would be more efficient, as compared to payments involving hard cash or in-kind payments, by avoiding costs related to …
Making Sense of Digital Distribution of Zakat
Zakat may be paid out by an individual muzakki (zakat payer) directly to an individual mustahiq (zakat beneficiary). This is the practice in countries where there is no organized or …
Accountability and Governance in Zakat Institutions – II
In Part I of Accountability and Governance in Zakat Institutions, we presented a broad comprehension of the concepts of accountability and governance from the standpoint of Islamic organizations, such as, …
Accountability and Governance in Zakat Institutions – I
Accountability implies the duty of an entity to use (and prevent the misuse of) the resources entrusted to it in an efficient and effective manner. This however, needs to be …
Risk Analysis for Zakat Institutions – II
In Part I of this document on risk analysis for Zakat Institutions, we identified certain risk factors within the broad category of reputation risk. Here are other risks within the …
Risk Analysis for Zakat Institutions – I
A zakat institution (ZI) intermediates between an individual or institution liable to pay zakat (muzakki) and an eligible beneficiary of zakat (mustahiq). It ensures that zakat funds are managed (mobilized …
Turning to Islamic Finance for Meeting Development Goals – I
It was the year 2006. It was my maiden assignment at the Islamic Development Bank (IsDB) to explore and take stock of the nascent Islamic microfinance sector. Microfinance had caught …
Role of IsDB in Developing Zakat Sector
Keynote speech delivered by Dr Mohammed Obaidullah, Lead Research Economist, IRTI, IsDB at the World Zakat Forum International Conference at Melaka, Malaysia on December 05, 2018 Bismillahi-ir-Rahmani-ir-Raheem. Excellencies, Ladies and …
