Empirical investigation of Islamic legal framework, crowd humanitarian funds and poverty reduction in selected Organization of Islamic Cooperation (OIC)
Bibliographic Data
| ID | 21516018 |
|---|---|
| Authors | Yusuff Jelili Amuda (0000-0003-2150-2539, Prince Sultan University), Shafiqul Hassan (0000-0003-3826-9868, Prince Sultan University) |
| Year | 2024 |
| Volume | 51 |
| Issue | 4 |
| Pages | 441-453 |
| Publication date | 2024-03-21 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | International Journal of Social Economics (JOURNAL) |
| Journal identifiers | ISSN: 0306-8293 • E-ISSN: 1758-6712 |
| Publisher | Emerald (PUBLISHER) |
| DOI | 10.1108/ijse-12-2022-0773 |
| OpenAlex | W4386016575 |
| Language | EN |
| Citations received | 1 |
| References cited | 14 |
Purpose This study reports the results of the empirical investigation of the Shari'ah legal framework which serves as a basis of the crowd humanitarian fund and poverty reduction among members of Organization of Islamic Cooperation (OIC) for improving living conditions of less privileged people in the society. Design/methodology/approach Quantitative design was employed in this study and the population comprised middle and high-skilled workers among members of the OIC. Findings The results demonstrated that the majority of middle- and high-skilled workers were from the middle east and others were from Saudi Arabia, Asia and Africa respectively. Research limitations/implications Most studies on crowd humanitarian funds were theoretical in nature, this study has empirically investigated. Practical implications By making crowd humanitarian funds to be grounded within the framework of Shari'ah, it will enable majority of people in predominant Muslim countries to partake in mutual or crowd funding in order to help the less-privileged individuals among OIC members in the society. Social implications It is an important contribution for financial inclusion and economic growth for improving social and living conditions of the less privileged people in the society. Originality/value Most studies on crowd humanitarian funds were theoretical in nature; this study has empirically provided a substantial direction for activating the mindset of the empirical investigation of different financial concepts. Peer review The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-12-2022-0773
Economic growth · Economics · Empirical research · Islam · Mindset · Originality · Political science · Population · Poverty · Public relations · Qualitative research · Social science · Sociology · Community Development and Social Impact · FinTech, Crowdfunding, Digital Finance · Microfinance and Financial Inclusion
| Unique citing works | 1 |
|---|---|
| Citations per year | 0.33 |
| Citation span | 2023 - 2023 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |