This study aims to investigate a Maqasid-based eligibility index (MABE-i) in identifying users for Qardhul Hassan financing in the Malaysian context.
MABE-i was tested to examine 421 potential users’ eligibility covering Kuala Lumpur, Selangor, Negeri Sembilan and Sabah by using SPSS 27.
Through MABE-i, three groups of prospective customers were generated, including high group acceptance, medium group acceptance and low group acceptance. The details are provided in this study.
The generalisation of the results generated was limited to the setting and variables analysed.
The results offer a directive for Islamic social banks to offer Qardhul Hassan according to the applicant’s eligibility and criteria.
This study introduced MABE-i as a new taxonomy to evaluate the eligibility of potential users for Qardhul Hassan financing.
