Islamic Philanthropy - Exploring Zakat, Waqf, and Sadaqah in Islamic Finance and Economics

Sep 29, 2026

Islamic Philanthropy presents an in-depth examination of how zakat, waqf, and sadaqah function as core instruments of Islamic finance and economic life. It frames philanthropy as a structured, action-oriented resource transfer that supports social safety nets for marginalized groups. The work highlights the role of intermediary institutions such as Baitulmal in collecting and distributing donations while managing risks like misuse and donor fatigue. It positions Islamic philanthropy as humanitarian outreach and as a key driver for ummah development.

LanguageEnglish

CategoryReligion & Spirituality

FormatPDF

Pages357

Reading Time15 h 0 min

AccessFree to download

Foreword

Philanthropy and its evolution

Islamic philanthropy as tools and institutions

Zakat, waqf, sadaqah and social safety nets

Intermediaries: Baitulmal as collector and distributor

Humanitarian outreach and ummah development

PALGRAVE STUDIES IN ISLAMIC BANKING, FINANCE, AND ECONOMICS Islamic Philanthropy Exploring Zakat, Waqf, and Sadaqah in Islamic Finance and Economics Edited by Abdul Ghafar Ismail Rose Abdullah Muhammad Hasbi Zaenal Palgrave Studies in Islamic Banking, Finance, and Economics Series Editors Mehmet Asutay Business School Durham University Durham, UK Zamir Iqbal Islamic Development Bank Jeddah, Saudi Arabia Jahangir Sultan Bentley University Boston, MA, USA The aim of this series is to explore the various disciplines and sub-disciplines of Islamic banking, finance and economics through the lens of theoretical, practical, and empirical research. Monographs and edited collections in this series will focus on key developments in the Islamic financial industry as well as relevant contributions made to moral economy, innovations in instruments, regulatory and supervisory issues, risk management, insurance, and asset management. The scope of these books will set this series apart from the competition by offering in-depth critical analyses of conceptual, institutional, operational, and instrumental aspects of this emerging field. This series is expected to attract focused theoretical studies, in-depth surveys of current practices, trends, and standards, and cuttingedge empirical research. Abdul Ghafar Ismail Rose Abdullah • Muhammad Hasbi Zaenal Editors Islamic Philanthropy Exploring Zakat, Waqf, and Sadaqah in Islamic Finance and Economics Editors Abdul Ghafar Ismail Putra Business School Universiti Putra Malaysia Seri Kembangan, Malaysia Muhammad Hasbi Zaenal Universitas Islam Negeri Syarif Hidayatullah Jakarta, Indonesia Rose Abdullah Universiti Islam Sultan Sharif Ali Bandar Seri Begawan Brunei Darussalam ISSN 2662-5121 ISSN 2662-513X (electronic) Palgrave Studies in Islamic Banking, Finance, and Economics ISBN 978-3-031-06889-8 ISBN 978-3-031-06890-4 (eBook) [https://doi.org/10.1007/978-3-031-06890-4](https://doi.org/10.1007/978-3-031-06890-4) © The Editor(s) (if applicable) and The Author(s), under exclusive licence to Springer Nature Switzerland AG 2022 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, expressed or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. This Palgrave Macmillan imprint is published by the registered company Springer Nature Switzerland AG. The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland Foreword Philanthropy literally means “love of mankind, useful to man.” Over time, the definition of philanthropy evolved from personal activities to an actionoriented economic objective to encompass, for example, a group of people whose love for others compel them to donate their cherished resources to the needy. Thus, philanthropy is a wholehearted resource giving for the benefit of humankind.

FAQs

What are the main philanthropic tools discussed in the book?

The book emphasizes zakat, waqf, and sadaqah as key philanthropic instruments that help provide basic social safety nets for marginalized people.

Why does the foreword stress the importance of intermediary institutions?

Intermediaries such as Baitulmal mediate between donors and recipients, managing donation collection and distribution (as amil) or management of donations (as nazir) to support proper use and reduce problems like donor fatigue.

How does the foreword describe the broader impact of Islamic philanthropy?

It frames Islamic philanthropy as comprehensive humanitarian outreach that can include support for refugees, sheltering, health facilities and care, water aid, places of worship, education, and more, while also contributing to the development of the ummah.

Sep 29, 2026

Upload by Well Done