Remodeling Qard Hasan with Cash Waqf Fund : Economic Stability Solution Post Covid-19

Authors

  • Zulkefly Ibrahim Institute of Islamic Banking and Finance International Islamic University
  • Nur Farhah Mahadi Institute of Islamic Banking and Finance International Islamic University
  • Habeebullah Zakariyah Institute of Islamic Banking and Finance International Islamic University
  • Aznan Hasan Institute of Islamic Banking and Finance International Islamic University

DOI:

https://doi.org/10.51377/azjaf.vol4no2.160

Keywords:

Cash Waqf, Post Covid-19, Financial Sustainability

Abstract

This paper aims to innovate the existing financing model in Islamic Banking, with the combination of two instruments which are Cash Waqf and Qard Hasan. This study adopted content analysis as a tool to remodel Qard Hasan (QH) by highlighting Cash Waqf (CW) as a source of funding mechanism to facilitate B40 and M40 households in Malaysia. This model aims to provide an alternative for personal financing during the economic crisis and particularly post- Covid-19. QH via CW model was developed with strict Standard Operating Procedure to ensure stability to the targeted parties. Moreover, when the chance to borrow is easy, the purchasing power will increase, and the economy will be boosted. 

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Published

2023-08-02

How to Cite

Zulkefly Ibrahim, Nur Farhah Mahadi, Habeebullah Zakariyah, & Aznan Hasan. (2023). Remodeling Qard Hasan with Cash Waqf Fund : Economic Stability Solution Post Covid-19 . AZKA International Journal of Zakat & Social Finance, 4(2), 1-23. https://doi.org/10.51377/azjaf.vol4no2.160

Issue

AZJAF Vol.4 No.2 (Special Issue 2023)

Section

Special Issue

License

Copyright (c) 2023 Zulkefly Ibrahim, Nur Farhah Mahadi, Habeebullah Zakariyah, Aznan Hasan

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

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