Abstract
This paper aims to analyze the maqasid shariah as a paradigm in the implementation of financial assistance in Malaysia. Financial assistance is generally intended to meet the needs of the low-income group in handling the rising cost of living. The rising cost of living along with a country’s development and progress has caused developed and developing countries to implement assistance package to the citizen based on the needs of their own people. The question is, does the maqasid shariah exist as a paradigm in the implementation of the financial assistance? This paper has two objectives. Firstly, to identify the paradigm of maqasid shariah. Secondly, to analyze the maqasid shariah as a paradigm in the implementation of financial assistance in Malaysia. The content analysis method was used to conduct the research. Maqasid shariah as a paradigm in the implementation of financial assistance in Malaysia is important to ensure that the assistance can meet the benefits and benefits to all parties.
Highlights
Financial assistance is a form of assistance provided by the government to the underprivileged in facing current financial challenges
This paper aims to analyze the maqasid shariah as a paradigm in the implementation of financial assistance in Malaysia
The referred documents in this study including textual materials on financial assistance that has been implemented in Malaysia as well as written materials related to the maqasid shariah
Summary
Financial assistance is a form of assistance provided by the government to the underprivileged in facing current financial challenges. In Malaysia, financial assistance is channelled at the national level by the central government through application and evaluation mechanisms. Apart from the central government, financial assistance is provided by the state government and various government agencies, both central and state. Financial assistance is channelled to recipients through the management of a designated ministry. Financial assistance is distributed to focused groups to help them in living their lives. Financial assistance is intended to assist in overcoming the rising cost of living of the low-income group. This method is seen as one of the measures in balancing the government’s decision to rationalize subsidies of various household needs (EPU, 2015)
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