Micro Credit-Qard Hasan Financing Through Zakat Fund (Mczf) According To The Views Of Islamic Contemporary Scholars

Abstract

The concept of qard hasan in the Islamic economic is a unique financing mechanism that emphasises welfare aspects in its implementation. Although proven to be a good instrument, there is a polemic regarding the legal status of microcredit-qard hasan financing through zakat funds, whether it is allowed or otherwise. Furthermore, if this instrument is new and not practised by the Muslim community in the past, then there will be doubts about its legal status from the Sharia perspective. This study explored the legal status of micro credit-qard hasan financing through zakat fund (MCZF) according to the views of contemporary scholars. This study used a qualitative approach involving a literature review including related books and journals. The materials obtained were analysed using the document analysis method. Based on the findings of the study, it is shown that contemporary scholars allow the MCZF scheme based on arguments that include the permissible distribution of zakat based on working capital, the qiyas awlawi approach, and the breadth of ijtihad in zakat, in line with the demands of maqasid al-Sharia and maslahah. Therefore, the MCZF scheme from the point of view of its Sharia compliance is undisputed.