The Role of Zakat in Business Development of Smes (Study on Baznas Semarang, Central Java, Indonesia)

Sukesti, Fatmasari; Budiman, Mamdukh

doi:10.30659/ijibe.3.1.401-409

Cited by 7 publications

(5 citation statements)

References 4 publications

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“…Proper management of Zakat can lead to sustainable economic prosperity for the community. 10 This research is similar to Mohammad Nizarul Alim's study, which found that productive Zakat management can help alleviate poverty and improve the economic well-being of society. Productive Zakat has more benefits than just consumption.…”

Section: Introductionsupporting

confidence: 83%

Productive Zakat Model: Economic Empowerment for Post-COVID-19 Recovery in Indonesia

Arifqi,

Sofyan,

Mayaningsih

et al. 2024

Al-Muamalat J. Ekon. Syariah

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Indonesia's economic landscape has been significantly impacted by the COVID-19 pandemic, both at micro and macro levels. To address these challenges, it is imperative to implement optimal and sustainable financial management strategies. Given Indonesia's predominantly Muslim population, the development of an Islamic financial system, including the use of Zakat as a distribution instrument, holds great potential. As an obligation for Muslims, Zakat can be a highly productive means of addressing the country's economic challenges. This study proposes a model for economic empowerment through productive Zakat to effectively address the impact of the COVID-19 pandemic on the Indonesian economy. The research methodology utilized a library research approach with descriptive qualitative methods. Data was meticulously collected from various sources including books, articles, journals, news, homepages, and other scientific references. The management of productive Zakat has great potential for contributing to the economic recovery of Indonesia after the COVID-19 pandemic. Productive Zakat involves an economic empowerment model that has personal and spiritual dimensions, and its impact on social life is significant. The management of productive Zakat is a support system for the better and sustainable development of Indonesia's economy.

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Section: Introductionsupporting

confidence: 83%

Productive Zakat Model: Economic Empowerment for Post-COVID-19 Recovery in Indonesia

Arifqi,

Sofyan,

Mayaningsih

et al. 2024

Al-Muamalat J. Ekon. Syariah

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“…Many BAZ and LAZ have allocated such funds for productive economic empowerment, including assistance to MSEs; however, only a few of them have openly reported how much money was distributed for each mustahik or SME. Sukesti and Budiman (2018), for instance, investigated and recorded that the amount of zakat received for working capital was between IDR500,000 and IDR2,500,000. Using this reference, the upper limit is equal to ten times the micro-KUR loan limit.…”

Section: Could Zis Funds Be Used As Collateral?mentioning

confidence: 99%

AN ALTERNATIVE CREDIT GUARANTEE SCHEME FOR FINANCING MSEs IN ISLAMIC BANKING

Hamidi

Salahudin

2021

JIMF

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The objective of this paper is to propose a model for a financing guarantee scheme (FGS) funded by the voluntary sector (through zakat, infaq, and sadaqah, or ZIS funds) to support small and medium-sized enterprises (SMEs). We argue that the existing credit guarantee scheme (CGS) relies on government funding, but that in the current Covid-19 pandemic it is experiencing unstable financial capability. Hence, the sustainability of the CGS program is questionable. We employ the input-output (I-O) approach to identify the expected impact if the proposed FGS is applied. We further substantiate the proposal with seven Indonesian Syariah experts’ opinions, of whom five suggest that the alternative scheme is acceptable. The simulation using I-O shows that if IDR1 trillion (out of IDR10 trillion from ZIS funds in 2019) is disbursed through the scheme, this will increase economic growth by 0.0117%, representing economic activities worth IDR1.235 trillion, and creating 2,151 new jobs. We further discuss the implications of the findings for the Islamic banking industry in the future and for regulators.

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“…Zakat produktif adalah penyediaan, pengelolaan, dan penyaluran dana zakat yang bersifat produktif, yang memberikan manfaat dan efek jangka panjang bagi penerima zakat. 12 Jumlah dana zakat produktif diberikan kepada mustahik dijadikan sebagai modal usaha. Faktor modal memiliki peranan yang sangat penting dalam kegiatan produktif dan pengembangan usaha, sesuai dengan teori bahwa modal akan membantu faktor produksi lain untuk lebih produktif, sehingga seharusnya bantuan modal akan meningkatkan kesejahteraan penerimanya.…”

Section: A Pendahuluanunclassified

Pendayagunaan Zakat Produktif BAZNAS Kabupaten Serang dalam Pemberdayaan Ekonomi Usaha Mikro Kecil (UMK) di Masa Pandemi Covid 19

Najmudin

Syihabudin

Fatoni

et al. 2021

Mizan: Journal of Islamic Law

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This research aims to analyze the distribution of productive zakat BAZNAS Serang Regency in empowering Micro and Small Enterprises (SMEs) in Serang Regency. The object of this research is the National Amil Zakat Agency (BAZNAS) Serang Regency. The method used in this research is descriptive qualitative with data analysis model of Miles and Huberman. The findings of this study indicate that the distribution of productive zakat of BAZNAS Serang Regency is carried out through a small business capital assistance program which is given to seven types of micro and small businesses (SMEs), namely stalls, machetes craftsmen, traders, herbal therapy/herbal traders, culinary, name making of sandals and travel. Small business capital assistance is distributed in the form of revolving capital loans using a qardul hasan contract (the amount of the return is in accordance with the loan amount), in the event of business bankruptcy due to a default from SMEs actors, the Serang Regency BAZNAS will resolve it through partners from the local village apparatus , but if the bankruptcy occurs without any element of default, the Serang Regency BAZNAS will remove the SMEs from the nominative if the assistance period has exceeded 5 years.Keywords: Distribution of Zakat, Productive Zakat, Economic Empowerment Abstrak. Penelitian ini bertujuan untuk menganalisis Pendayagunaan zakat produktif BAZNAS Kabupaten Serang dalam pemberdayaan Usaha Mikro Kecil (UMK) di Kabupaten Serang. Objek penelitian ini adalah Badan Amil Zakat Nasional (BAZNAS) Kabupaten Serang. Metode yang digunakan dalam penelitian ini adalah kualitatif deskriptif dengan model analisis data Miles dan Huberman. Temuan penelitian ini menunjukan bahwa Pendayagunaan zakat produktif BAZNAS Kabupaten Serang dilakukan melalui program bantuan modal usaha kecil (BMUK) yang diberikan kepada tujuh jenis usaha mikro kecil (UMK) yaitu warung, pengrajin golok, pedagang, terapi herbal/pedagang herbal, kuliner, pembuatan nama sendal dan travel. Bantuan modal usaha kecil (BMUK) disalurkan dalam bentuk pinjaman modal bergulir dengan menggunakan akad qardul hasan (jumlah pengembalian sesuai dengan jumlah pinjaman), apabila terjadi kebangkrutan usaha akibat adanya wanprestasi dari pelaku UMK, maka BAZNAS Kabupaten Serang akan menyelesaikannya melalui mitra dari aparat desa setempat, tetapi apabila kebangkrutan tersebut terjadi tanpa ada unsur wanprestasi, maka BAZNAS Kabupaten Serang akan menghapus UMK dari nominative jika waktu bantuan sudah melampaui 5 tahun.Kata Kunci: Pendayagunaan, Zakat Produktif, Pemberdayaan Ekonomi

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The Role of Zakat in Business Development of Smes (Study on Baznas Semarang, Central Java, Indonesia)

Cited by 7 publications

References 4 publications

Productive Zakat Model: Economic Empowerment for Post-COVID-19 Recovery in Indonesia

Productive Zakat Model: Economic Empowerment for Post-COVID-19 Recovery in Indonesia

AN ALTERNATIVE CREDIT GUARANTEE SCHEME FOR FINANCING MSEs IN ISLAMIC BANKING

Pendayagunaan Zakat Produktif BAZNAS Kabupaten Serang dalam Pemberdayaan Ekonomi Usaha Mikro Kecil (UMK) di Masa Pandemi Covid 19

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