Effective Zakat Distribution: Highlighting Few Issues and Gaps in Kedah, Malaysia

Haq, Mirajul; Wahab, Norazlina Binti Abd.

doi:10.15408/aiq.v9i2.4002

Cited by 19 publications

(17 citation statements)

References 27 publications

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“…Selain itu, Islam menegaskan akan pentingnya zakat dengan menjadikannya salah satu dari lima rukun Islam. Di negara-negara Islam, zakat termasuk ke dalam salah satu pendapatan fiskal utama selain pajak, seperti pajak tanah, pajak hasil pertanian, dan lainnya (Al Haq and Wahab 2017;Suprayitno et al 2017).…”

Section: Pendahuluanunclassified

Pengaruh Dana Zakat Terhadap Pembangunan Manusia Di Indonesia

Karuni

2020

Iqtishaduna

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The problem of poverty in Indonesia is the manifestation of the powerlessness of the people in accessing state development outcomes. Meanwhile, the development outcome done by the government is only enjoyed by a handful of people because the resource is not equitably distributed. Therefore, the role of zakat is needed to give direct fund to redistribute the wealth, so that human development can be realized. This research aimed to give the empirical result on whether zakat has an influence on human development in Indonesia. This research used the Human Development Index (HDI) indicator as an analysis tool, such as life expectancy, mean year school, and income. Hypotheses testing conducted in 15 years (2004-2018). Data used in this study is secondary data collected by the documentation method. From the regression analysis of Ordinary Least Square (OLS), it is found that zakat can increase human access to health care, education, and can raise revenues. This study provided implication for governments, zakat institutions, and Muslim communities who are obligated to pay zakat, in order to synergize the optimization of zakat funds in Indonesia.

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Section: Pendahuluanunclassified

Pengaruh Dana Zakat Terhadap Pembangunan Manusia Di Indonesia

Karuni

2020

Iqtishaduna

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“…Customers then save their money and withdraw it later on its due with an additional capital gain. A higher ratio of third-party funds means a higher level of public trust [11]. Herijanto and Safitri [9] stated that Zakah distribution may influence third-party funds enhancement.…”

Section: B the Allocation Of Zakah And Third-partymentioning

confidence: 99%

“…These determinants include factors such as digital banking [20], corporate governance [5], [6], [7], [18], firm performance [8], and board directors' attributes [8], [9], [15]. As indicated in [11] and [14], third-party funds significantly improve the performance of the bank. The higher the third-party fund ratio is, the higher the level of the public trust in banks will be.…”

Section: Introductionmentioning

confidence: 99%

Zakah (Islamic Tax) and Banks’ Performance: Mediating Effect of Third-Party Funds

Kusuma¹

2020

Journal of Southwest Jiaotong University

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Studies on the allocation of Zakah (Islamic tax) in banking are important components in improving the performance of banks. Financial performance represents the financial condition of a company in a certain period that comprises fundraising and distribution. This research aimed to examine the effect of Zakah allocation on financial performance, with third-party funds as a mediating variable in Indonesian Islamic banking. This new variable has never been analyzed by previous studies. By applying the purposive sampling method, almost all of the general Islamic banks were selected as the samples in the period from 2013 to 2016. The data were obtained from the annual financial statements of those banks and analyzed with the help of partial least squares software. The results demonstrate that the allocation of Zakah and third-party funds positively influence financial performance. More important, third-party funds mediated this relationship. The results have several implications for policy making to improve performance in Islamic banking industries.

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“…Zakah is unique Islamic institution to reduce the poverty (Kasri, 2016). Zakah has become a very important Islamic fiscal tool to address the social justices (Al Arif, 2010;Al Haq and Wahab, 2017). Especially in the world's most populous Muslim country, zakah has its own magnet in the relationship between the rich and the poor.…”

Section: Introductionmentioning

confidence: 99%

Lessons Learned of Zakat Management from Different Era and Countries

Masyita

2018

Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah

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Zakah and its problems are as old as the Islamic civilization. This Islamic financial instrument is mandatory for Muslims who are capable and expected to reduce the poverty of the people. The potential of zakah in Indonesia reaching 217 trillion rupiah Indonesia's GDP should be able to be explored and distributed to Indonesian Muslims as effectively as possible. Potential only remains just a potential if it is not able to be realized into zakah funds collection that is ready to be distributed to the recipient who is entitled to receive it. The concept of localization/ decentralization can be considered as the best way in zakah disbursement. The concept of localization/zoning or decentralization in the distribution of zakah funds closely matches the concept of Sharma in the tax disbursement issue that states that the transfer of power, resources and responsibilities from the center to the regions is more effective in alleviating poverty in Indonesia.

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Effective Zakat Distribution: Highlighting Few Issues and Gaps in Kedah, Malaysia

Cited by 19 publications

References 27 publications

Pengaruh Dana Zakat Terhadap Pembangunan Manusia Di Indonesia

Pengaruh Dana Zakat Terhadap Pembangunan Manusia Di Indonesia

Zakah (Islamic Tax) and Banks’ Performance: Mediating Effect of Third-Party Funds

Lessons Learned of Zakat Management from Different Era and Countries

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