The improvement model of microenterprises of post-disaster through empowerment of productive zakat

Arifin, Noor; Anwar, Aan Zainul

doi:10.22495/jgrv10i4art14

Cited by 20 publications

(27 citation statements)

References 31 publications

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“…Zakat serves as a means for distributing wealth in the society [ 42 ] from the rich to the poor to achieve socio-economic justice, increase economic growth, and reduce inequality [ 43 ]. The second instrument is infaq and sadaqah , which are the voluntary gifts by capable people to seek the pleasure of Allah [ 44 ], significantly to help the needy. Zakat, infaq , and sadaqah are economic instruments that support economic growth by increasing the purchasing power of the needy [ 3 , 31 ].…”

Section: Literature Reviewmentioning

confidence: 99%

Integrating sustainable Islamic social finance: An Analytical Network Process using the Benefit Opportunity Cost Risk (ANP BOCR) framework: The case of Indonesia

et al. 2022

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The utilization of Islamic social finance instruments is far behind what is expected. To realize its full potential, Islamic social finance instruments must be integrated. This study examined solutions and priority strategies for integrating sustainable Islamic social finance that could be implemented in the short and long term using the Benefit, Opportunity, Cost, and Risk (BOCR) framework, which includes six aspects: Governance, sustainable financing, institutional aspect, human resources, regulations, and supporting technology. This qualitative research employed the Analytic Network Process (ANP) method using the benefit, opportunity, cost, and risk analysis. The data were obtained mainly through focus group discussions and in-depth interviews with respondents among academics, practitioners, associations, regulators, and community leaders. The respondents were selected for their expertise and experience in the selected topic. The data were processed using the Microsoft Excel and Super Decision software. There are several findings worth considering from the analysis. First, the highest priority in integrating Islamic social finance aspects are human resources (0.97), regulation (0.86), and technology (0.76). Second, based on the short- and long-term analysis, financial integration through sustainable financing (0.01 and 1.44, respectively) and improving human resource quality through certification and training (0.01 and 1.56, respectively) is a priority solution and strategy to integrate sustainable Islamic social finance. Meanwhile, according to expert judgments, integrating national data (0.24) and optimizing technology use (0.18) are priority solutions and strategies. The findings emphasize the critical role of improving human resource quality to utilize technology, with experts identifying a national data integration as the most critical solution. As a result, relevant stakeholders are concerned about technology management training for Islamic philanthropic managers, with the goal of maximizing the potential of technology’s growing role and adoption.

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Section: Literature Reviewmentioning

confidence: 99%

Integrating sustainable Islamic social finance: An Analytical Network Process using the Benefit Opportunity Cost Risk (ANP BOCR) framework: The case of Indonesia

et al. 2022

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“…However, research on empowerment programs still focuses on impact measurement [6,14,[54][55][56][57]. Others indicate that the empowerment program had not yet fully impacted beneficiaries [19,20,58]. On the other hand, research related to Islamic Social Finance and sustainability programs is still limited.…”

Section: Concept Of Sustainability In Islamic Social Finance Programsmentioning

confidence: 99%

“…Fourth, Indonesia's Human Development Index (HDI) level only grew by 0.30% in 2020 [18] The inequality level needs to be of concern, where the HDI reflects that the population has difficulty obtaining income, education, health, and other development outcomes. Fifth, several prior studies show that Islamic social funds have not fully impacted welfare [19][20][21]. For these reasons, the community must manage Islamic Social Finance professionally through potential empowerment programs.…”

Section: Introductionmentioning

confidence: 99%

Toward developing a sustainability index for the Islamic Social Finance program: An empirical investigation

et al. 2022

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Several previous studies state that the Islamic Social Finance program has not fully succeeded in creating prosperity, and there are no definite measurements to show the sustainability impact of the program. Thus, a measurement is needed to analyze various aspects in achieving the success and sustainability of Islamic social finance programs. This study developed an index for performance evaluation with an emphasis on the success and sustainability of the Islamic Social Finance program. The study used the Analytical Network Process to determine and analyze priority components. Furthermore, the Multistage Weighted Index method was used to calculate the final index score. The index was built by taking into consideration various factors, stakeholders, aspects, and indicators. This study indicates that aspects of funding contribution from donors (0.22), involvement of donors in giving advice (0.99), and controlling of supervisor (0.08) are priority aspects in the success and sustainability of the program. An empirical investigation was performed on three different programs in Indonesia: A, B, and C. Program A (0.81) and C (0.80) have succeeded in improving the beneficiaries’ quality of life to the level of economic resilience, although at a low level of sustainability (76–84.33). On the other hand, program B (0.73) is at the economic reinforcement and has not yet achieved sustainability. This index can be seen as a comprehensive tool for measuring the success and sustainability of the program at several levels.

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“…In the context of developing productive zakat, a breakthrough is needed so that it has a high usability and benefit value, at least this productive zakat recipients are able to make maximum use of it so that the purpose of productive zakat is not in vain. Some strategies that can be done are to integrate zakat institutions, Islamic insurance institutions, business consultants or educational institutions and so on (Arifin & Anwar, 2021).…”

Section: Productive Zakat Developmentmentioning

confidence: 99%

“…Source: Arifin and Anwar (2021) The idea above can be illustrated that the distribution of productive zakat is not confined to the scope or form of productive zakat, but also provides modern consumptive zakat in the form of providing business and life protection insurance. Thus, business actors will be more protected from unexpected things that are not desired.…”

Section: Productive Zakat Developmentmentioning

confidence: 99%

The Role of Productive Zakat in the Development of the Halal Industry and Improving the Economy of the Ummah

Abdurrouf¹

2022

Nusant. Islam. Econ. J.

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The distribution of productive zakat needs to innovate so that it has maximum value in improving people's welfare and synergizes in developing halal industrial areas so that the poor have an important role in the development of halal industrial areas. This conceptual research aims to develop a synergy model for the development of the halal industrial area based on the distribution of productive zakat. The benefits of this paper can be used as a reference for policy-making designs related to the establishment of halal industrial estates, especially on financial support and business actors as well as uses related to poverty alleviation. This research method is conceptual research by analyzing the results of research and reviewing previous literature and conducting exploration at the implementation level. The result is that productive zakat can be used as a driving force for the growth and development of halal industrial estates by establishing joint businesses (syirkah) of mustahiq (zakat recipient groups) accompanied by halal business consultants and making productive zakat recipients both managers and shareholders so that their welfare increases and guaranteed.

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The improvement model of microenterprises of post-disaster through empowerment of productive zakat

Cited by 20 publications

References 31 publications

Integrating sustainable Islamic social finance: An Analytical Network Process using the Benefit Opportunity Cost Risk (ANP BOCR) framework: The case of Indonesia

Integrating sustainable Islamic social finance: An Analytical Network Process using the Benefit Opportunity Cost Risk (ANP BOCR) framework: The case of Indonesia

Toward developing a sustainability index for the Islamic Social Finance program: An empirical investigation

The Role of Productive Zakat in the Development of the Halal Industry and Improving the Economy of the Ummah

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