Concept and Basis of Sharia Law for Distribution of Zakat in the Form of Microfinance with Qard Hasan Contract

Abstract

The complexity of the economic problems caused by the covid 19 outbreak has changed so many circumstances. The household budget deficit has prompted a proliferation of institutions offering online loans.  However, in practice, online loans often do not work according to the SOP of the OJK and are far from sharia values. Baznas issued a breakthrough in the form of zakat microfinance in the form of qard hasan as an alternative to problematic online loans. Because this is still relatively new, an in-depth explanation of the concept and sharia law related to this is needed. This problem is researched with a  library research approach and presented in a qualitative form.  From this research, it was found that the practice of qard hasan in  zakat microfinance can be used as an alternative  to  existing problems, both conceptually and in sharia law.