Department of Banking and Finance Conducted Webinar on the "Zakat/Sadaqat Based Economic Redistribution to Target SGD"
Tuesday, September 21 2021
The Department of Banking and Finance, Dr Hasan Murad School of Management conducted a webinar on the “Zakat/Sadaqat Based Economic Redistribution to Target SGDs”.
Zakat is an obligation on a Muslim, and its management is an obligation on the Islamic economy. Masarif e Zakat are already defined in Shari’ah, and their applications and implications are widely discussed in the literature. Zakat works as a localized and targeted intervention approach compared to the taxation system, which is a centralized and generalized intervention approach. During the COVID-19 pandemic, the taxation system collapsed as government machinery was not able to feed individuals. In this case, the system of Zakat and Sadaqat had shown its efficacy. This webinar was a continuity of Dr. Hassan Murad School of Management's efforts in synthesizing solutions to social issues prevailing COVID-19.
Webinar Learning Outcomes
- Integration of Zakat and Sadaqat framework with national development strategy
- Implication of Zakat in achieving social goals
- Takeaways for academia in implementing Zakat awareness in curriculum
- Takeaways for policymakers in Zakat management