DEATH KHAIRAT FUND AS THE HALAL FINANCIAL MANAGEMENT ECOSYSTEM AT RAJA HAJI FI SABILILLAH MOSQUE MALAYSIA: AN ANALYSIS FROM HIFZ Al-DIN
The Death Khairat Fund (DKF), also known as the Death Khairat Money Scheme (DKMS), is a cultural custom observed within the Muslim community. Typically, the management of this fund is a halal financial management ecosystem entrusted to mosque institutions, facilitating the payment process of the local community and ensuring direct benefits in the event of death. The establishment of this fund has become imperative for the average Muslim community in the realm of funeral management. The rationale behind the utilisation of this fund is in its capacity to facilitate the procurement of necessary resources and aid for the comprehensive management of funerals, thereby streamlining the otherwise complex responsibilities that fall upon the beneficiaries. Nevertheless, there has been a lack of scholarly examination about the alignment of the DKF with the principles of Maqasid Shariah, particularly in relation to the safeguarding of religious interests (hifz al-din). Hence, this initial investigation examines the correlation between the DKF and Maqasid Shariah. The researchers have achieved success in this study through the utilisation of a qualitative methodology. The study concluded that the implementation of the DKF aligns well with the notion of hifz al-din within the framework of Maqasid Shariah. This is due to its ability to rejuvenate the essence of Islam by promoting the integration of Quranic teachings and the practises of the Prophet Muhammad, hence fostering unity among Muslims. An in-depth examination of the correlation between the DKF and other Maqasid Shariah ideas is imperative to ascertain the magnitude of significance and necessity of this fund within the Islamic framework.
DKF, Death Khairat Money Scheme (DKMS), hifz al-din, religious interest, Maqasid Shariah.