Empirical investigation of Islamic legal framework, crowd humanitarian funds and poverty reduction in selected Organization of Islamic Cooperation (OIC)
International Journal of Social Economics
ISSN: 0306-8293
Article publication date: 22 August 2023
Issue publication date: 21 March 2024
Abstract
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.
Keywords
Acknowledgements
The authors would like to thank Governance and Policy Design Lab (GPDRL), College of Law, Prince Sultan University, Riyadh, Saudi Arabia for financial and other technical supports.
Citation
Jelili Amuda, Y. and Hassan, S. (2024), "Empirical investigation of Islamic legal framework, crowd humanitarian funds and poverty reduction in selected Organization of Islamic Cooperation (OIC)", International Journal of Social Economics, Vol. 51 No. 4, pp. 441-453. https://doi.org/10.1108/IJSE-12-2022-0773
Publisher
:Emerald Publishing Limited
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