This study aims to find out how the mechanism and strategy of BAZNAS Tangerang Selatan in distributing ZIS funds, and how the application of ZIS distribution in BAZNAS Tangerang Selatan. The results of the research indicate that there are two things that can identify the distribution in the ZIS, the mechanism and distribution strategy. In ZIS distribution mechanism, BAZNAS Tangerang Selatan performs interest and gharar free activities and determines the proportion in ZIS distribution from UPZ, BAZCAM, and UPZ Agencies by 20% in the form of zakat fitrah, and 94.5% in the form of zakat maal. In the strategy of distribution, BAZNAS Tangerang Selatan determine the strategy by arranging internal strengths and weaknesses through RAKER, Implementation of strategy based on the activities of RAKER, and evaluating the plan of marketing for the next year, and analyzing the SWOT, which is a personal approach to the community and use the facilities is in BAZNAS South Tangerang City. While the application of ZIS distribution in BAZNAS SouthTangerang City has three types of distribution there are traditional consumptive, traditionalproductive, and creative productive. The type of distribution of ZIS is poured into three main programs, namely 'Tangsel Cerdas' Program, 'Tangsel Modern' Program, and 'Tangsel Religius' Program for five asnaf, namely the poor, gharimin, muallaf, ibnu sabil and fisabilillah.
<p><em></em>Free trade and foreign investment that characterize the 21st Century trade and business model do not benefit all parties, particularly Islamic countries. Only those who have well-established economic system and large capital gain the most benefit. This condition had occurred during the Ottoman Khalifah. Therefore, this article aims to prove that free trade and foreign investment during the Ottoman, in the form of capitulation, brought negative impact on the Ottoman’s economy and politics. Capitulation is an agreement between the Ottoman and Western European countries that regulated economic and legal sectors by giving privilege to the European countries to come and trade in the Ottoman. The Ottoman became a free market place that eliminated the Islamic economic system. The Ottoman saw the agreement as its Siyasah Syar’iyah Al-Maliyah to protect the political sovereignty when facing European countries. Once the agreement benefited the Ottoman, later it caused economic political problems. The domestic industries faced difficulty when competing with foreign trades. The Ottoman government did not have full authority over the law and justice of the Europeans in the Ottoman. The capitulation that was expected by the Ottoman to protect its economy and politics had put the country under the domination of Western Europe. What happened to the Ottoman is proof that the free market is only beneficial to developed countries with active industries. Therefore, this historical fact should be reference for Islamic countries in conducting their foreign economic system.</p>
Currency System And It's Impact On Economic Stability. A number of economic problems that occurred during the power of Mamluk (1250-1517 AD) was considered as a result of the change to currency system, namely from the system of commodity-based money (gold and silver) into paper-based money (fiat). Instability prices, decrease of trading activities, high of unemployment number were a number of economic indicators that occurred at that time. This issue of macro-economy was considered as a result of changes in the money system. This study analyzes the dynamic relationship between the price of gold as a representation of commodity money system and M2 as a representation of fiat money against the stability of economic indicators such as inflation, economic growth, stock prices, and unemployment and interest rates. This study found that both systems not vary significantly against each other in its influence on macroeconomic variables. It means that the two systems do not have contrast distinction. Indeed, it was found that the commodity-based money system is not free of inflation, as propagated by the supporters of the dinar and dirham (dinarist).
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