Non-Governmental Organizations (NGOs) Perspective on The Use of Sukuk for Humanitarian Initiatives

Nurul Fathiyah Kamarul Bahrin; Amirul Afif Muhamat; Norzitah Abdul Karim; Mohamad Nizam Jaafar; Nurul Najihah Zainol

doi:10.21834/e-bpj.v9iSI19.5756

Authors

Nurul Fathiyah Kamarul Bahrin 1 Faculty of Management, Universiti Sultan Azlan Shah, 33000, Perak, Malaysia; Faculty of Business and Management, Universiti Teknologi MARA,42300, Selangor, Malaysia
Amirul Afif Muhamat Faculty of Business and Management, Universiti Teknologi MARA,42300, Selangor, Malaysia
Norzitah Abdul Karim Faculty of Business and Management, Universiti Teknologi MARA,42300, Selangor, Malaysia
Mohamad Nizam Jaafar Arshad Ayub Graduate Business School, Universiti Teknologi MARA, 40450, Selangor, Malaysia
Nurul Najihah Zainol Succeo Retail Sdn Bhd,Pusat Teknologi Sun Suria,47810, Selangor, Malaysia

DOI:

https://doi.org/10.21834/e-bpj.v9iSI19.5756

Keywords:

Humanitarian Sukuk, Humanitarian Financing, Non-Governmental Organization, Bond

Abstract

The matter of inadequate financial resources for humanitarian missions has provoked a significant discourse on a global scale. The current capacity for aid is insufficient to adequately address the escalating demand, and there is growing interest in the use of sukuk, also known as Islamic bonds, as a potential new instrument for humanitarian financing. This study provides preliminary findings (from a bigger research project) based on an interview with three key informants affiliated with a non-governmental organization (NGOs) in Malaysia. While acknowledging the limitations of a small sample size, this study offers valuable insights that can inform future research endeavors.

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