Had Kifayah refers to a minimum basic necessity rate set based on the current cost of living. The objective of this paper is to determine the current Had Kifayah for asnaf candidates focusing more on USIM Pre-Graduate students as the target group. The research method used are the qualitative and quantitative which apart from referring to existing writing and references, a survey was conducted to obtain the latest data from asnaf students through previous databases. The survey has been conducted via online instead one to one interview due to Covid-19 pandemic. Through a survey that covers aspects of student spending and income, the average of spending method has been used as per agreed with all team members to determine the Had Kifayah, in line with the method used by the state Islamic religious council as a reference. With the improvements made in the agreed calculation system, a more accurate calculation method has been developed and at the same time can help the process of proper distribution of zakat.

Family and life takaful play an important role in providing individual financial security especially for 40 percent of households with the lowest income (B40) who are considered to be a vulnerable group in the event of financial depression. The household income for B40 is below RM3,860 per month and is expected to increase to RM5,270 in 2020 as stated in the 11th Malaysia (Economic) Plan. The importance of family and life takaful becomes more significant with increasing risks faced by the B40 such as the higher cost of living, lower savings and high indebtedness, which in turn expose this group to the risk of economic insecurity. Some initiatives have been introduced in order to help the B40 groups such as giving financial aid to encourage them to be involved in entrepreneurship, providing special training sessions to enable them to manage their finances, and providing special takaful coverage (group takaful) for the B40. The objectives of this paper are to explore the viability of establishing a takaful fund for this target group by leveraging on the waqf model; to investigate the extent of the ownership of family and life takaful among the B40; and to identify how the waqf fund can potentially become a mechanism to initiate an exclusive takaful coverage for the B40. This research has been conducted using the qualitative method by focusing on articles, journals and library-based sources. The paper also identifies the Takaful as providing the element of savings and security to policy owners, who usually the main income earner or breadwinner, if something untoward happens and they require financial aid in the future. Besides, takaful is also presented as a savings mobilizer, financial intermediary and promoter of investment activities. Keywords: Waqf, Takaful, B40, Investment, Takaful coverage

Had kifayah refers to a minimum basic necessity rate set based on the current cost of living. This limit is also used to determine the rate that needs to be assisted to meet the adequacy of basic expenses. The assessment made in determining the Had Kifayah covers six aspects of basic necessities of life, namely covering (shelter), food, clothing, medicine, education and transportation. A detailed study on Had Kifayah among USIM students has consistently been conducted and it is a requirement that needs to be met to set a reasonable rate in providing zakat assistance especially for asnaf students. The objective of this writing is to study student spending behavior during the Covid-19 pandemic and whether it is sufficient for students to survive on campus. The research method used are the qualitative and quantitative which apart from referring to existing writing and references, a survey was conducted to obtain the latest data from asnaf students through previous databases. The survey has been conducted via online instead o one to one interview due to COVID 19 pandemic. Through a survey that covers aspects of student spending and income, the average of spending method has been used as per agreed with all team members to determine the Had Kifayah, in line with the method used by the state Islamic religious council as a reference. With the improvements made in the agreed calculation system, a more accurate calculation method has been developed and at the same time can help the process of proper distribution of zakat.

Had Kifayah merujuk kepada suatu kadar keperluan asas minimum yang ditetapkan berdasarkan kos sara hidup semasa yang digunakan bagi mengetahui kadar yang perlu dibantu untuk menepati kecukupan perbelanjaan asasi. Penilaian yang dibuat dalam menentukan Had Kifayah ini merangkumi enam aspek keperluan asas kehidupan iaitu meliputi perlindungan (tempat tinggal), makanan, pakaian, perubatan, pendidikan dan pengangkutan. Objektif penulisan ini adalah untuk menunjukkan relevansi kos perbelanjaan dalam penentuan had kifayah semasa bagi calon – calon asnaf dalam kalangan pelajar Pra Siswazah USIM. Kaedah kajian yang digunakan adalah berbentuk kualitatif dan kuantitatif yang mana selain daripada merujuk kepada penulisan dan rujukan sedia ada, satu kaji selidik telah dilakukan bagi mendapatkan data terkini daripada pelajar – pelajar asnaf melalui pengkalan data terdahulu. Dengan penambahbaikan yang dilakukan dalam sistem pengiraan yang dipersetujui, satu kaedah pengiraan yang lebih tepat telah dihasilkan dan sekaligus dapat membantu proses pembahagian zakat yang jitu

Bon Islamik atau lebih dikenali sebagai al-Sukuk, telah mencapai kejayaan dalam perlaksanaannya diperingkat antarabangsa, di mana ia telah menyumbang kepada pembangunan dan perkembangan ekonomi masyarakat. Objektif kajian ini dilakukan adalah bagi melihat potensi instrumen ini sebagai salah satu metode pelaburan untuk tanah atau harta wakaf. Kajian ini dilakukan dengan menggunakan kaedah kualitatif dengan memperoleh maklumat dari data-data primer dan sekunder. Kajian mendapati bahawa jumlah tanah wakaf yang tidak diusahakan meningkat dari hari ke hari. Justeru, Usaha harus dilakukan untuk menjadikan tanah wakaf ini sebagai aset yang memberi pulangan sekaligus dalam membantu meningkatkan dan mengukuhkan ekonomi umat Islam.