Response of Zakat Institutions to Financial Technology as a Strategy in Optimizing Zakat Collection
Abstract
The realization of the large potential of zakat funds is not maximum and has become the background of this research. This shows that the optimization of zakat collection is still low. Many factors have caused this, including the adaptation and implementation of digital zakat, especially financial technology (fintech). The purpose of this research is to determine the use of financial technology in a zakat institution, especially to optimize the collection of ZIS funds. There are still many obstacles to the utilization of digital zakat for zakat institutions. On the other hand, there are many benefits from the adaptation and implementation of digital zakat, especially fintech, including strengthening zakat governance, optimizing zakat collection and others. For this reason, it is very important to examine the response of zakat institutions to financial technology to optimize zakat collection. The research method used is a case study method with a descriptive analysis research approach at BAZNAS Jawa Barat. Data collection techniques: documentation and interviews. The results show that the implementation of fintech at BAZNAS Jawa Barat is essential due to the rapid technological changes and the Covid 19 pandemic in 2020. Its effectiveness is very good that affects on the increase of ZIS fundraising from 2018 to 2021.
Full Text:
PDFReferences
Afiyana, I. F., Nugroho, L., Fitrijanti, T., & Sukmadilaga, C. (2019). Tantangan pengelolaan dana zakat di indonesia dan literasi zakat. Akuntabel, 16(2), 222-229.
Baznas. (2020). Rencana Strategis 2016-2020. Retrieved from Jawa Barat:
Baznas. (2022). Potensi Zakat Masih Sangat Besar, Ini Terobosan dan Inovasi BAZNAS 2022. Retrieved from https://republika.co.id/berita/r5w8od380/potensi-zakat-masih-sangat-besar-ini%20-terobosan-dan-inovasi-baznas-pada-2022
BAZNAS, P. (2019). Rasio Keuangan Organisasi Pengelola Zakat: Teori dan Konsep. Jakarta: Pusat Kajian Strategis-BAZNAS.
BI. (2019). Pengumuman Penyelenggara - Bank Sentral Republik Indonesia. Retrieved from https://www.bi.go.id/id/sistempembayaran/fintech/Pengumuman-Penyelenggara/Contents/default.aspx
Chen, K. (2018). Financial innovation and technology firms: A smart new world with machines. In Banking and finance issues in emerging markets (Vol. 25, pp. 279-292): Emerald Publishing Limited.
Djailani. (2015). Strategi Bazis DKI Dalam Menyiasati Implementasi UU No. 23 Tahun 2011 Tentang Pengelolaan Zakat. Forum Zakat (FoZ). Jakarta.
Fadilah, S. (2013). The influence of good governance implementation to organization performance: Analysis of factors affecting. The International Journal of Social Sciences, 7(1), 15-33.
Fadilah, S., Maemunah, M., & Hernawati, N. (2019). Community Social Empowerment in Zakat Community Development (ZCD). MIMBAR: Jurnal Sosial dan Pembangunan, 35(2), 471-480.
Grant, M. J., & Booth, A. (2009). A typology of reviews: an analysis of 14 review types and associated methodologies. Health information & libraries journal, 26(2), 91-108.
Hakim, A., Mulazid, A. S., & Meiria, E. (2018). E-Zakat: Redesign the collection and distribution of Zakat. KnE Social Sciences, 433-452.
Imaz, M., & Sheinbaum, C. (2017). Science and technology in the framework of the sustainable development goals. World Journal of Science, Technology and Sustainable Development.
Jantarakolica, K., & Jantarakolica, T. (2018). Acceptance of financial technology in Thailand: case study of algorithm trading. In Banking and Finance Issues in Emerging Markets (Vol. 25, pp. 255-277): Emerald Publishing Limited.
Kusumawardhany, S. S., Shanti, Y. K., Azzahra, K., Arianti, B. F., & Romadhina, A. P. (2021). Penerapan Literasi Keuangan Dalam Memahami Financial Technology. SULUH: Jurnal Abdimas, 2(2), 151-160.
Lee, I., & Shin, Y. J. (2018). Fintech: Ecosystem, business models, investment decisions, and challenges. Business horizons, 61(1), 35-46.
Manara, A. S., Permata, A. R. E., & Pranjoto, R. G. H. (2018). Strategy model for increasing the potential of zakat through the crowdfunding-zakat system to overcome poverty in Indonesia. International Journal of Zakat, 3(4), 17-31.
Nursalikah, A. (2023). Kemenag: Indonesia Negara dengan Potensi Zakat Terbesar di Dunia`. Retrieved from https://khazanah.republika.co.id/berita/rrnlt5366/kemenag-indonesia-negara-dengan-potensi-zakat-terbesar-di-dunia
OJK. (2019). Ikhtisar Keuangan Fintech (Peer-To-Peer lending). Retrieved from Jakarta: https://www.ojk.go.id/id/kanal/iknb/data-dan-statistik/fintech/Pages/Ikhtisar-Data-Keuangan-Fintech-(Peer-To-Peer-Lending)-Periode-Juli-2018.aspx
Rachman, M. A., & Salam, A. N. (2018). The reinforcement of zakat management through financial technology systems. International Journal of Zakat, 3(1), 57-69.
Rahadiyan, I. (2022). Perkembangan Financial Technology di Indonesia dan Tantangan Pengaturan Yang Dihadapi. Mimbar Hukum, 34(1), 210-236.
Ramlall, I. (2018). FinTech and the financial stability board. In Understanding Financial Stability: Emerald Publishing Limited.
RI. (2011). Undang-Undang Nomor 23 Tahun 2011 Tentang Pengelolaan Zakat. Jakarta: Republik Indonesia
Sekaran, U., & Bougie, R. (2016). Research methods for business: A skill building approach. United States: John Wiley & Sons.
Wikaningtyas, S. U., & Sulastiningsih, S. (2015). Strategi penghimpunan dana zakat pada organisasi pengelola zakat di Kabupaten Bantul. Jurnal Riset Manajemen Sekolah Tinggi Ilmu Ekonomi Widya Wiwaha Program Magister Manajemen, 2(2), 129-140.
DOI: https://doi.org/10.32535/jicp.v6i2.2363
Refbacks
- There are currently no refbacks.
Copyright (c) 2023 Sri Dr. Fadilah
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
Published by:
AIBPM Publisher
Editorial Office:
JL. Kahuripan No. 9 Hotel Sahid Montana, Malang, Indonesia
Phone:+62 341 366222
Email: journal.jicp@gmail.com
Website:http://ejournal.aibpmjournals.com/index.php/JICP
Supported by: Association of International Business & Professional Management
If you are interested to get the journal subscription you can contact us at admin@aibpm.org.
ISSN 2622-0989 (Print)
ISSN 2621-993X (Online)
DOI:Prefix 10.32535 by CrossREF
Journal of International Conference Proceedings (JICP) INDEXED:
In Process
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.