Publication:
Pandemic innovation for zakat: the potential of crypto zakat
Abstract
Technology has no religion. As long as technology is utilized to benefit the humankind, from a Shariah perspective, there is no issue in using it. Zakat is the third pillar of Islam and to enhance the processes and procedures involved in it, technology has been used. The digitization process of zakat has taken place and today we are moving towards digitalization of it. The process of zakat is simple. The Muslim or any person professing the religion of Islam who is eligible to pay zakat could do so to Baitul-mal or directly to any of the categories of asnaf stated in the Quran: "Zakat is for the poor and the needy, and amil (those employed to administer the funds), for the muallaf (those who have embraced Islam), for in bondage and in debt, in the cause of Allah and for the wayfarer: (thus is it) ordained by Allah and Allah is full of knowledge and wisdom" (Surah At-Taubah: 60). If the zakat money is paid to the baitul mal, it is the responsibility of the baitul mal to distribute the zakat money to the categories of asnaf stated in Quran. The latter process involves collection and disbursement and over the years, a number of challenges have been faced in the process of zakat collection and disbursements resulting in employment of various types of technology to overcome or mitigate these challenges.
Keywords
Zakat , Technology , Innovation , Crypto zakat
Citation
Muneeza, A. (2020). Pandemic innovation for zakat: the potential of crypto zakat. IF Hub, 4 (December 2020), pp. 19-25.
Publisher
INCEIF
DOI
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Pandemic_innovation_for_zakat_the_potential_of_crypto_zakat_Aishath.pdf
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