Abstract
Islamic philanthropic institutions are now working towards a green transition. Digital technology plays an important role as an enabler. Through literature studies, field studies, interviews, and using nethnography, this chapter explains two things: (1) Describes green transition practices by Islamic philanthropic institutions in Indonesia; (2) Describes the extent to which the institution is utilizing digital technology in a green transition. By taking case studies on three institutions that have worked in the Green Eligible Sector, this chapter provides an overview of their twin green transition and digitalization. Islamic philanthropic institutions have done green crowdfunding through digital green branding, digital green promotion, digital green marketing, digital green fundraising, and digital green payments for supporting their green transition programs. By partnerships with deep technology providers, they can expand into green production and processing areas. Through the Islamic Quadruple Helix, the institutions can transform into a digitally-enabled society.
TopIslamic Philanthropy Institutions
Islamic social finance contributes to revive the economy during Covid-19 pandemic crisis. Islamic social finance help those affected by the crisis as well as augmenting the economic activities. Extending debt can generate economic growth, but too much will carry risks to the economy because it guides to larger borrowing costs. The alternative is to optimize the role of Islamic social finance as well as Islamic investment instruments. Zakat, infaq, sadaqa, waqf, crowdfunding, and sukuk can be options (Haji-Othman, Abd Latib, Ahmad, and Hasnan, 2020; Hidayat, Farooq, and Alim (Eds.), 2020; Hassan, Muneeza, and Sarea (Eds.), 2021).
Key Terms in this Chapter
Zakat: The third pillar of Islam; a donation that Muslims regard as a mandatory act within their faith; a compulsory act of worship that requires a Muslim who owns wealth equal to or above the nishab (pre-defined threshold) to donate 2.5% of their wealth to eligible recipients; a religious obligation, ordering all Muslims who meet the necessary criteria to donate a certain portion of wealth each year to charitable causes; 2.5% of wealth that has been in one's possession for a lunar year; one of the five pillars of Islam and an act of worship.
Nethnography: A variant of social media-based qualitative research; an approach that adopts ethnographic methods to understand social interaction through contemporary digital communication; a certain set of actions to conduct research using social media; ethnography with internet media; ethnography in cyberspace; ethnography which applied to the web; a new method applied in social and marketing research, usually to observe the behavior, activities, patterns, or tendencies of research subjects.
Waqf: Islamic endowment; a special type of philanthropic activity in perpetuity; a voluntary and irrevocable endowment of sharia with compliant assets for sharia with compliant purposes; assets or cash that are purchased, bequeathed or donated for being held in perpetual trust for specific or general charitable causes that are socially beneficial; detention of a property so that its produce or income may always be available for religious, social or charitable purposes.
Sadaqa: Charity given voluntarily in order to please Allah ; the term used to describe an act of kindness that is given to someone without the expectation of anything in return; voluntary charity without a set amount; the act of charity given purely out of compassion, love, friendship, religious duty or generosity.
Infaq: Sunnah charity; non-obligatory charity; a type of charity in Islam that is given without any expectation of reward or return; pious spending in the way of Allah ; monetary expenditure by a Muslim, both high and low income, both in the open heart and narrow, that may be given to anyone.