Empowering Donors: How Blockchain Technology Can Help Ensure Their Contributions Reach the Right Recipients

Ajmal, Sahar; Muzammil, Muteeb Bin; Shoaib, Muhammad; Mehmood, Muhammad Hassaan

doi:10.1109/icbats57792.2023.10111126

Cited by 1 publication

(1 citation statement)

References 31 publications

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“…Digital zakat platforms and technologies have emerged, offering individuals and corporations streamlined methods to fulfill their philanthropic obligations (Al-Zaqeba and Al-Rashdan, 2020). Digital zakat enables seamless contributions, transparent fund allocation, and the efficient disbursement of funds to those in need (Mikai and Onagun, 2020;Ajmal et al, 2023). For corporations, embracing digital zakat aligns their philanthropic endeavors with sustainable development goals and provides an avenue for integrating social responsibility into their business strategies.…”

Section: Introductionmentioning

confidence: 99%

Exploring the impact of digital accounting and digital zakat on improving business sustainability in the Middle East and Malaysia

Al-Taani,

Al-Zaqeba,

Maabreh

et al. 2024

Int. j. adv. appl. sci.

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This paper seeks to explore the potential of digital accounting and digital zakat in enhancing corporate sustainability. It primarily examines the role of these digital modalities in enhancing philanthropic contributions, improving financial transparency, and achieving sustainability goals. The study explores the synergistic effects of combining digital accounting and digital zakat, and aims to fill the knowledge gap regarding their collective impact on sustainable business practices. The results confirm the primary hypothesis and show a positive correlation with corporate sustainability. Consistent with previous research, digital zakat is identified as a catalyst for stakeholder engagement and a facilitator of sustainable development initiatives. Similarly, digital accounting is associated with increased financial transparency, thereby strengthening corporate sustainability efforts. These findings underscore the need for further exploration and integration into corporate strategies and highlight the prospects of digital technology in strengthening corporate sustainability. The study provides strategic recommendations for businesses, policymakers, and academics to promote sustainable practices and align financial systems with broader sustainability goals. This research is central to deepening the understanding of digital technologies' ability to enhance sustainability in business contexts, and future studies should extend these findings to examine the complex dynamics of how digital solutions can optimize sustainability in different sectors and settings.

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Section: Introductionmentioning

confidence: 99%