Developing conceptual framework for zakat distribution impact on social welfare using financial technology and its implications on sustainable development goals (SDGs) in OIC countries

• 主要な著者: Ashurov, Sharofiddin, Syed Jaafar Alhabshi, Syed Musa, Othman, Anwar Hasan Abdullah, Mohammad Habibullah, Habibullah, Mohd Shukri Bin Muhamad Yusof, Shukri
• フォーマット: Conference or Workshop Item
• 言語: English; English; English
• 出版事項: PPZ Kedah 2019
• 主題: HG Finance; HG3368 Islamic Banking and Finance; HV Social pathology. Social and public welfare; HV544.5 International social work
• オンライン･アクセス: http://irep.iium.edu.my/74324/13/74324-Developing%20conceptual%20framework%20for%20zakat%20distribution%20_Presentation.pdf; http://irep.iium.edu.my/74324/11/74324-Developing%20conceptual%20framework%20for%20zakat%20distribution%20_certificate.pdf; http://irep.iium.edu.my/74324/12/74324-Developing%20conceptual%20framework%20for%20zakat%20distribution%20_invitation%20letter.pdf; http://irep.iium.edu.my/74324/

Although an Islamic social finance including zakat witness upsurge development in the size which was reached to $2 trillion in 2015 and expected to exceed $3 trillion by 2020, there is lack of transparency and timely reporting which resulted in a mismatch between zakat data collection and distribution. This is due to the lack of adoption the Financial technology spe-cifically block chain and artificial intelligence system in zakat management to facilitate prop-er, timely and effective reporting in all OIC countries. Therefore, this research aims to pro-pose a ‘Islamic Social Welfare Financial Technology’ (ISW FinTech) as an innovative frame-work that assess zakat institutions operational efficiency and effective reporting of zakat col-lection, transparency and efficient distribution. This model will guide zakat management and distribution policies and practices as part of Islamic Social Welfare. It will establish transpar-ent and reliable system that will increase confidence and trust in the society on zakat collec-tion. With a more effective system it will accelerate poverty alleviation initiatives and achieve SDGs among OIC countries.