Publication:
Empowering communities: lessons learned from the commoners' project in the Maldives
Abstract
Islamic social finance has gained significant attention in recent times as an alternative financing approach to conventional methods, with the aim of achieving the UN SDGs. While the formal institutionalization of Islamic social finance is limited to a few countries where Islam is recognized as the official religion, the practice has been deeply rooted in Islamic societies for centuries. The Maldives, a country with a 100% Muslim population, has a long-standing tradition of various forms of Islamic social finance, including zakat, waqf and sadaqah. One notable initiative that showcases the practice of Islamic social finance in the Maldives is the 'Nourish Together: The Commoners' Food Project Powered by STO'. This project, organized by The Commoners, a group of concerned individuals, aimed to provide essential sustenance to individuals and families facing food insecurity in the Hiya Flats, a residential area located in Hulhumale', an artificial island in the Maldives.
Keywords
Islamic social finance , Maldives , Community
Citation
Muneeza, A. (2023). Empowering communities: lessons learned from the commoners' project in the Maldives. Islamic Finance News, 20(26), 15.
Publisher
Redmoney