A few months ago, I attended a masterclass on sustainability, where I had an insightful conversation that stuck with me. After the session, I met a fellow attendee from Bank Islam Malaysia, who serves as the VP of Sadaqa House. As we spoke, he shared how Sadaqa House Microfinance works—channeling
When we hear “microfinance,” most of us think of loans with high interest rates—small amounts that somehow come with big burdens for the very people they’re supposed to help. But what if microfinance could be different? What if it could be compassionate, community-driven, and completely interest-free? That’s the reality in
For many, zakat is seen as a religious duty—a yearly payment, a good deed, a way to purify wealth. But in Selangor, zakat is far more than a transaction. Here, it’s a catalyst for real change, quietly transforming thousands of lives through one of Malaysia’s most impressive institutions: Lembaga Zakat
When we think of waqf, or Islamic endowment, many of us picture mosques, schools, or wells built centuries ago. It feels like something historic, a concept that belongs to another era. But in Indonesia, Dompet Dhuafa is showing that waqf is anything but outdated. They’ve given it a modern twist,
Worldwide, microfinance programs tend to have significantly higher interest rates compared to commercial banks. For instance, Grameen Bank’s interest rate is around 20%, while BRAC’s is most probably 25%. Some international microfinance programs even charge higher rates. One of the primary reasons behind these higher rates is the higher risk
A few days ago, Professor Jasser Auda spoke about Waqf at a seminar. He believes Waqf is one of the principal pillars of Islamic economics. Rather than viewing Waqf solely as an act of charity, he sees it as the backbone of Muslim civilization. He also highlighted how essential Waqf