ETIKONOMI
Vol 21, No 2 (2022)

Islamic Philantropy Adaptation Towards Financial Social Exclusion Among Independen Oil Palm Smallholder

Khairul Anwar Mohd Nor (Universiti Kebangsaan Malaysia)
Mohd Adib Ismail (Universiti Kebangsaan Malaysia)
Muhammad Hakimi Mohd Shafiai (Universiti Kebangsaan Malaysia)
Khairunnisa Hasbullah (Pertumbuhan Peladang Kawasan Bukit Gambir)
Mohd Noor Mohd Ali (Universiti Kebangsaan Malaysia)



Article Info

Publish Date
24 Jun 2022

Abstract

Social exclusion among independent smallholders of the oil palm sector is a socioeconomic problem that is closely linked to the incidence of poverty and economic inequality. Although there are several Islamic banking institutions that provide micro credit to the farmers, but not received much response due to lack of attractiveness and non-competitive features especially to independent smallholder. Therefore, other channels like philanthropy are seen as an alternative for smallholder empowerment in the form of integration between zakat business capital, and business incubators as mechanisms to address these issues. The objective of this study is to examine the role of Islamic philanthropic instruments of zakat and waqf in addressing the problem. The methods used in this study are based on qualitative approach like research interviews, observations, written expert experiences, and research publications. The findings provide valuable insights for stakeholders into Islamic philanthropy role and the importance of exposure in improving ISH performance, which could help them in (re-) align their agricultural practices and formulating strategies for industry player’s guidance.JEL Classification: A13, G21, J24, Q02, Z12

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Journal Info

Abbrev

etikonomi

Publisher

Subject

Economics, Econometrics & Finance

Description

Etikonomi is a peer-reviewed journal on Economics, Business and Management by Faculty of Economic and Business State Islamic University (UIN) Syarif Hidayatullah Jakarta. FOCUS This journal focused on economics, business, and management studies and present developments through the publication of ...