Cash Waqf: Ethical & sustainable Qard Hasan Microfinancing in Malaysia for B40 & M40 inclusion

Authors

  • Zulkefly Ibrahim Institute of Islamic Banking and Finance, International Islamic University, Malaysia
  • Nur Farhah Mahadi Institute of Islamic Banking and Finance, International Islamic University, Malaysia
  • Habeebullah Zakariyah Institute of Islamic Banking and Finance, International Islamic University, Malaysia
  • Aznan Hasan Institute of Islamic Banking and Finance, International Islamic University, Malaysia
  • Junarti Bahtiar Ahmad Dahlan Institute of Technology and Business, Jakarta, Indonesia

DOI:

https://doi.org/10.21834/e-bpj.v9i29.6014

Keywords:

Islamic finance, Qard Hasan, Cash Waqf, Financial Inclusion, Sustainable Finance

Abstract

This study explores the integration of Qard Hasan with Cash Waqf (QHCW) as a funding source to support microfinancing for the B40 and M40 income groups in Malaysia. The research attempts a mixed-method approach, combining qualitative interviews with quantitative surveys to gather comprehensive data from Islamic bank customers and practitioners. Findings suggest that a well-structured QHCW model focusing on the net proceeds can enhance financial inclusion and economic resilience, particularly in the post-COVID-19 recovery phase.

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Published

2024-06-22

How to Cite

Ibrahim, Z., Mahadi , N. F., Zakariyah , H., Hasan, A., & Bahtiar, J. (2024). Cash Waqf: Ethical & sustainable Qard Hasan Microfinancing in Malaysia for B40 & M40 inclusion. Environment-Behaviour Proceedings Journal, 9(29), 31–37. https://doi.org/10.21834/e-bpj.v9i29.6014

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