ISLAMIC SOCIAL FINANCE AND SDG 2: MEASURING THE SOCIAL IMPACT OF ISLAMIC RELIGIOUS AND MALAY TRADITION COUNCIL IN PERAK STATE

Mohamed Fairooz Abdul Khir; Hainnuraqma Rahim; Faaza Fakhrunnas; Shamimi Mohd Zulkarnaini

doi:10.33102/mjsl.vol13no1.1016

Authors

Mohamed Fairooz Abdul Khir Centre of Excellence for Islamic Social Finance, International Centre for Education for Islamic Finance (INCEIF), 50480 Kuala Lumpur, Malaysia
Hainnuraqma Rahim Faculty of Business and Management, Universiti Teknologi MARA (UiTM) Cawangan Melaka Kampus Alor Gajah, KM 26 Jalan Lendu, 78000 Alor Gajah, Melaka, Malaysia https://orcid.org/0009-0003-5065-6649
Faaza Fakhrunnas School of Graduate and Professional Study, International Centre for Education for Islamic Finance (INCEIF), 50480 Kuala Lumpur, Malaysia / Department of Economic, Universitas Islam Indonesia, Yogyakarta 55283, Indonesia
Shamimi Mohd Zulkarnaini Centre of Excellence for Islamic Social Finance, International Centre for Education for Islamic Finance (INCEIF), 50480 Kuala Lumpur, Malaysia / Institute of Islamic Banking and Finance, International Islamic University Malaysia, 53100 Kuala Lumpur, Malaysia https://orcid.org/0009-0000-3235-9139

DOI:

https://doi.org/10.33102/mjsl.vol13no1.1016

Keywords:

Islamic social finance, social impact, SDG 2, Islamic religious, Islamic Religious and Malay Tradition Council in Perak State

Abstract

Sustainable Development Goals (SDGs) are becoming the global pressure to ascertain sustainable development in a country or any institutional level worldwide. It affects the policymakers in providing future direction and responding to current developments. Thus, the study attempts to examine the performance of Majlis Agama Islam dan 'Adat Melayu Perak/Islamic Religious and Malay Tradition Council in Perak State (MAIPk), Malaysia, on the SDGs achievement, which relates to the issue of zero hunger in the society. The study adopts in-depth interviews with the stakeholders of MAIPk and performs a survey of Islamic social finance recipients in Perak State, focusing on the monthly financial and food bank assistance programs, which the number of recipients is 11,769 and 25,144 recipients. The finding of the study reveals that MAIPk successfully contributes to the achievement of SDG 2, which create social impact for the recipients, such as an increase in the ability to access healthy food, increase physical and mental health, and motivate the recipient to be involved in altruism activities. The study pioneers the scientific examination of the social impact assessment in the State of Perak, Malaysia case. Additionally, the findings of the study imply that the Islamic social funds' institution needs to increase its awareness of measuring social impact on society instead of only focusing on the output-based measurement.

Downloads

Download data is not yet available.

References

Ahmed, A., Shahid, M., & Sulub, Y. A. (2018). The role of waqf in food security: A comparative study. Journal of Islamic Studies and Culture, 6(2), 25-39.

Alam, M. M., Wahab, N. A., Haq, M. A. Al, & Ahmad, S. A. (2021). Sustainable development status of zakat recipients: Empirical investigation based on Malaysia’s Kedah state. Journal for Global Business Advancement, 14(5), 6. https://doi.org/10.1504/JGBA.2021.123544

Arshad, M. N. M., & Haneef, M. A. M. (2016). Third sector socio-economic models: How waqf fits in?. Institutions and Economies, 8(2), 75-93.

Asmita, B., Andayani, D. R., & Rizkiningsih, P. (2017). “An analysis of social investment impact of BAZNAS microfinance program using social return on investment (SROI) method”. Center of Strategic Studies (PUSKAS) BAZNAS. https://puskasbaznas.com/publications/published/pwps/1263-an-analysis-of-social-investment-impact-of-baznas-microfinance-program-using-social-return-on-investment-sroi-method

Ayuniyyah, Q., Pramanik, A. H., Saad, N. M., & Ariffin, M. I. (2022). The impact of zakat in poverty alleviation and income inequality reduction from the perspective of gender in West Java, Indonesia. International Journal of Islamic and Middle Eastern Finance and Management, 15(5), 924-942. https://doi.org/10.1108/IMEFM-08-2020-0403

Ayuniyyah, Q., Pramanik, A. H., Saad, N. M., & Ariffin, M. I. (2018). Zakat for poverty alleviation and income inequality reduction: West Java Indonesia. Journal of Islamic Monetary Economics and Finance, 4(1), 85-100.

Beik, I. S., & Arsyianti, L. D. (2015). Construction of CIBEST model as measurement of poverty and welfare indices from Islamic perspective. Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah, 7(1), 87-104. https://doi.org/10.15408/aiq.v7i1.1361

Beik, I. S., & Arsyianti, L. D. (2016). Measuring zakat impact on poverty and welfare using CIBEST model. Journal of Islamic Monetary Economics and Finance, 1(2), 141-160.

Bialowolski, P., Weziak-Bialowolska, D., Lee, M. T., Chen, Y., VanderWeele, T. J., & McNeely, E. (2021). The role of financial conditions for physical and mental health. Evidence from a longitudinal survey and insurance claims data. Social Science & Medicine, 281, 114041. https://doi.org/10.1016/j.socscimed.2021.114041

Creswell, J. W. (2012). Educational research: Planning, conducting, and evaluating quantitative and qualitative research (4th ed.). Cambridge University Press. https://doi.org/10.1017/CBO9781107415324.004

Dahl, A., & Paulus, M. (2019). From interest to obligation: The gradual development of human altruism. Child Development Perspectives, 13(1), 10-14. https://doi.org/10.1111/cdep.12298

Defourny, J., & Pestoff, V. (2008). Images and concepts of the third sector in Europe. EMES, Brussels.

Dworkin, S. L. (2012). Sample size policy for qualitative studies using in-depth interviews. Archives of Sexual Behavior, 41(6), 1319-1320. https://doi.org/10.1007/s10508-012-0016-6

Gani, A., & Prasad, B. C. (2007). Food security and human development. International Journal of Social Economics, 34(5), 310-319. https://doi.org/10.1108/03068290710741570

Hasan, Z. (2018). Zakat as a social safety net: A sociopolitical perspective. International Journal of Economics, Commerce and Management, 6(4), 63-76.

Hudaefi, F. A., Saoqi, A. A. Y., Farchatunnisa, H., & Junari, U. L. (2020). Zakat and SDG 6: A case study of Baznas, Indonesia. Journal of Islamic Monetary Economics and Finance, 6(4), 919-934. https://doi.org/10.21098/jimf.v6i4.1144

Husni, H., & Khairat, M. (2024). Penetration of Muamalah Jurisprudence into Indonesian Law. Al-Istinbath: Jurnal Hukum Islam, 9(2), 699–722. https://doi.org/10.29240/jhi.v9i2.11116

Maulidiana, L., & Famulia, L. (2023). Maqâshid al-sharî‘ah review of the implementation of sharia franchise at 212 mart Bandar Lampung, Indonesia. Al-‘Adalah, 20(1), 157–157. https://doi.org/10.24042/adalah.v20i1.16339

Muda, W. M. W., Sundaram, J. K., & Tan, Z. G. (2019). “Addressing malnutrition in Malaysia”. Khazanah Research Institute. http://www.krinstitute.org/assets/contentMS/img/template/editor/Discussion%20Paper_Addressing%20Malnutrition%20in%20Malaysia.pdf

Paarlberg, R. L. (2020). Governance and food security in an age of globalization (2020 Vision Briefs 72). International Food Policy Research Institute.

Paoli, A., Tinsley, G., Bianco, A., & Moro, T. (2019). The influence of meal frequency and timing on health in humans: The role of fasting. Nutrients, 11(4), 1-19. https://doi.org/10.3390/nu11040719

Pati, U., Tejomurti, K., Pujiyono, P., & Pranoto, P. (2021). Fintech remittance syariah: The solution of collection ziswaf overseas. Brawijaya Law Journal, 8(2), 282–294. https://doi.org/10.21776/ub.blj.2021.008.02.07

Pérez-Escamilla, R. (2017). Food security and the 2015-2030 sustainable development goals: From human to planetary health. Current Developments in Nutrition, 1(7), 1-8. https://doi.org/10.3945/cdn.117.000513

Plano Clark, V. L., & Creswell, J. W. (2015). Understanding research: A consumer's guide. Pearson.

Raaj, S., Navanathan, S., Tharmaselan, M., & Lally, J. (2021). Mental disorders in Malaysia: An increase in lifetime prevalence. BJPsych International, 18(4), 97-99. https://doi.org/10.1192/bji.2021.4

Siti Sarah, S., Arshad, M., & Zahari, A. (2021). The role of zakat and waqf in eradicating food poverty: A conceptual study. In the Proceedings of the Advances in Social Science, Education and Humanities Research, (p. 443).

Suprayitno, E., Aslam, M., & Harun, A. (2017). Zakat and SDGs: Impact zakat on human development in the five states of Malaysia. International Journal of Zakat, 2(1), 61-69. https://doi.org/10.37706/ijaz.v2i1.15

United Nations Department of Economic and Social Affairs (UN DESA). (2023, July 10). “The sustainable development goals report 2023: Special edition”. United Nations Statistics Division. https://unstats.un.org/sdgs/report/2023/

United Nations. (2015, September 25). “Transforming our world: The 2030 Agenda for Sustainable Development”. https://sustainabledevelopment.un.org/content/documents/21252030%20Agenda%20for%20Sustainable%20Development%20web.pdf

Vos, R. (2015). Thought for food: Strengthening global governance of food security. Department of Economic & Social Affairs.

Weiss-Sidi, M., & Riemer, H. (2023). Help others—be happy? The effect of altruistic behavior on happiness across cultures. Frontiers in Psychology, 14, 1-14. https://doi.org/10.3389/fpsyg.2023.1156661

World Economic Forum. (2023). “The global risk report 2023: 18th edition”. https://www3.weforum.org/docs/WEF_Global_Risks_Report_2023.pdf

World Health Organization. (2023). “Mental health”. https://www.who.int/news-room/fact-sheets/detail/mental-health-strengthening-our-response/?gad_source=1&gclid=CjwKCAiA3JCvBhA8EiwA4kujZtZvjJic8nwght9kaZg