Measuring Total Factor Productivity of Zakat Institutions in Aceh, Indonesia

Hafasnuddin, Hafasnuddin; Zulkifli, Zulkifli; Meisuri, Dinda; Majid, M. Shabri Abd.; Yahya, Yahya; Juliansyah, Hijri

doi:10.1109/dasa54658.2022.9765070

Cited by 2 publications

(4 citation statements)

References 4 publications

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“…Developing zakat institutions in Indonesia requires greater accountability and openness in the administration of zakat funds. Indonesia's accumulation and distribution of zakat payments can be increased by implementing suitable resource management strategies [28].…”

Section: Literature Reviewmentioning

confidence: 99%

“…Based on previous studies, it has been found that studies that discuss the performance of zakat institution efficiency are conducted using data envelopment analysis method [1], [38], [28]. However, DEA measurement has been modified to produce a more robust measurement, one of which is the DEA window analysis method.…”

Section: Literature Reviewmentioning

confidence: 99%

“…However, there is still a gap between the collection and distribution of zakat due to the inefficiency of zakat institutions. In Indonesia, this happens because of the low accountability and transparency in the management of zakat funds [28]. Indonesia and Malaysia have similarities, namely the low perception of public awareness and needs in its use to distribute zakat [29].…”

Section: Introductionmentioning

confidence: 99%

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Efficiency and Stability of Zakat Institutions in Malaysia and Indonesia: DEA Window Analysis

Riani,

Meutia,

Taqi

et al. 2024

TEM Journal

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The purpose of this study is to measure the efficiency and stability of zakat institutions in Indonesia and Malaysia. There are 14 zakat institutions that will be analyzed using data envelopment analysis (DEA) window analysis during the period of 2016 to 2020. The result shows that the average efficiency of zakat institution is 78% during the observation period. The inefficiency of zakat institutions from both countries is caused by the less-than-optimal distribution of zakat funds. The best performing zakat institutions are Selangor, BSMU, BRI Foundation, and Baznas because they have the highest efficiency and stability. This study has filled the gap in previous studies that measure the efficiency of zakat institutions with the standard DEA approach. Zakat institution managers can identify potential improvements in input and output variables to achieve maximum level of efficiency.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Efficiency and Stability of Zakat Institutions in Malaysia and Indonesia: DEA Window Analysis

Riani,

Meutia,

Taqi

et al. 2024

TEM Journal

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“…Malmquist total factor productivity change of the investment firm has been a current agenda that creates attention to most investors worldwide. The decision of investors to invest or not to invest does not come quickly; several scrutinisation procedures vary from investor to investor and from investment scheme to scheme (Hafasnuddin et al, 2022). One of the primary factors commonly observed before investing in a business company, such as banks or mutual funds,is the state of productivity (Neves et al, 2020).…”

Section: Introductionmentioning

confidence: 99%

Malmquist Productivity Change of Mutual Funds in Tanzania

Raphael

2023

PAJBM

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This study utilized Data Envelopment Analysis to assess the efficiency of six mutual funds in Tanzania spanning from 2018 to 2022. The analysis explores efficiency changes, technical advancements, scale efficiency, and total factor productivity. The results revealed significant trends of Mutual funds, on average, demonstrate a 3 percent increase in total factor productivity, signifying enhanced output relative to inputs attributed to improved management practices, technology integration, and operational enhancements. Conversely, technical efficiency change experiences by 2.7 percent decline, indicating that certain funds struggle to optimize inputs, potentially due to shifts in management strategies, resource allocation, or market variations. Further differentiation between large and small mutual funds reveals that larger entities exhibit more favorable productivity changes. This disparity is ascribed to economies of scale, improved investment prospects, and reduced transaction costs for larger funds. The study underscores substantial implications for mutual fund managers and the industry. Positive improvements in efficiency change, scale efficiency change, and total factor productivity indicated an overall positive trend in the mutual fund industry. Emphasizing economies of scale can enhance efficiency and overall outcomes, urging regulatory bodies to provide guidance on achieving economies of scale and fostering better practices. This research offers valuable insights into the mutual fund landscape, emphasizing the critical importance of adapting to evolving market dynamics and incorporating technology to maximize efficiency and success.

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Measuring Total Factor Productivity of Zakat Institutions in Aceh, Indonesia

Cited by 2 publications

References 4 publications

Efficiency and Stability of Zakat Institutions in Malaysia and Indonesia: DEA Window Analysis

Efficiency and Stability of Zakat Institutions in Malaysia and Indonesia: DEA Window Analysis

Malmquist Productivity Change of Mutual Funds in Tanzania

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