Tika Widiastuti and Imron Mawardi and Anidah Robani and Aam Slamet Rusydiana (2018) Optimization of Zakat Fund Management in Regional Zakat Institution. Humanities & Social Sciences Reviews, 6 (2). pp. 133-139. ISSN 2395-6518

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Abstract

Purpose: The implementation of zakat fund management especially in some zakat institutions is considered not optimum yet. This condition is represented by disparity between potential and actual collection. In Islam, the objective of zakat is not only to collect wealth and keep it idle, instead zakat should become a source of productive fund to fulfill societal needs. Some countries with advanced zakat institutions have developed zakat to become a pillar of economic development. Today, each zakat institution is competing against each other to innovate in zakat fund management. Empowerment in zakat institutions with the appropriate strategies will enhance zakat management and distribution for the betterment of zakat recipients (mustahiq) and the Muslim society at large. Design/Methodology/Approach: This research is aimed to analyze optimization of management in regional zakat institution with SWOT (strength, weakness, opportunity, threat) analysis approach with IFE-EFE Matrix. Descriptive qualitative analysis is used to explain optimization of fund in zakat institution. Major Findings:Findings of this research shows that zakat institution should improve their strategy by developing strength and turning threat into opportunities. Originality/Value: The study provides a guideline for regional zakat institution on how they can enhance their role and efficiency to boost the economic growth for the Islamic community in Indonesia. It may also be instrumental for the government to improve in efficiency and innovative manpower, considerable research and development in optimizing Islamic Gift Economy to enhance economic growth of the Islamic community of Indonesia.

Item Type:	Article
Uncontrolled Keywords:	Optimization, Zakat Fund Management, Islamic Economy, IFE-EFE Matrix
Subjects:	H Social Sciences H Social Sciences > HG Finance H Social Sciences > HG Finance > HG4001-4285 Finance management. Business finance.Corporation finance
Divisions:	04. Fakultas Ekonomi dan Bisnis > Ekonomi Syariah
Creators:	Creators NIM Tika Widiastuti NIDN0730128301 Imron Mawardi NIDN0701027104 Anidah Robani UNSPECIFIED Aam Slamet Rusydiana UNSPECIFIED
Depositing User:	Tn Sugeng Riyanto
Date Deposited:	05 Dec 2020 07:21
Last Modified:	05 Dec 2020 07:21
URI:	http://repository.unair.ac.id/id/eprint/101286
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