Zakah Organization as the Fourth Sector

Santoso, Cahyo Budi

doi:10.5539/ijef.v9n12p195

Cited by 3 publications

(3 citation statements)

References 1 publication

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“…The Zakat management organization operates following Islamic principles to succeed in this world and the hereafter. These institutions are funded through the imposition of Zakat, Infaq and Alms and are directed toward eight specific groups, as mentioned in the Quran (Budi, 2017). As an organization that administers zakat, Zakat institutions must understand zakat accounting, which determines personal and corporate wealth and the amount of zakat to be borne.…”

Section: Zakat Institutionmentioning

confidence: 99%

The role of Islamic economics and social institutions during the time of Covid-19

Herianingrum,

Iswati,

Ma’ruf

et al. 2024

JIMA

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Purpose This study aims to examine the role of Islamic economic and social institutions during Covid-19 and try to propose a model that highlights Islamic economics and social institutions’ role in providing community economic, social and health recovery support. Design/methodology/approach This research uses a qualitative approach with a multicase method. Interviews with the institutions including the Amil Zakat, Islamic Banks, Micro Waqf Banks and Islamic Cooperative (Baitul Maal wat Tamwil) were conducted in order to develop a model about how the integration between each institution in handling the effect of COVID-19. Findings The model shows the interaction roles of each Islamic institution and implementation in the long term and short term in handling the impact of Covid-19, particularly in the economic, social and health sectors. These institutions will assist the government in establishing community economic independence in the face of COVID-19, which has caused economic sluggishness or recession. Research limitations/implications This study proposes the model of synergy using a qualitative approach. Future studies can develop the synergy model by employing a statistical and quantitative method, such as by employing analytical network process method. Originality/value This study adds the literature about empirical evidence on the role of each Islamic economic and social institution and develops new scenario model about integration of those institutions in overcoming economic and social problems during the COVID-19 pandemic. These interactions play a role in shaping the community’s economic independence in dealing with the economic downturn due to COVID-19.

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Section: Zakat Institutionmentioning

confidence: 99%

The role of Islamic economics and social institutions during the time of Covid-19

Herianingrum,

Iswati,

Ma’ruf

et al. 2024

JIMA

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“…Other Discussions on the Fourth Sector In addition to the three academic streams summarized above, we observed two additional discussions introducing the notion of the fourth sector, with slightly different meanings. One such discussion relates to the special nature of so-called zakat organizations (Santoso 2017). Another is about the nature of participatory innovation in the context of research and innovation (Rask et al 2018).…”

Section: Social and Environmental Missions As Secondary Goalsmentioning

confidence: 99%

Understanding the Emerging Fourth Sector and Its Governance Implications

Rask

Puustinen

Raisio

2020

SJPA

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The fourth sector has traditionally been described as encompassing families, households, neighbours, and friends, however, competing definitions have recently begun to emerge. Three different strands can be observed in the fourth-sector literature. The first strand centres on the notion of one-to-one aid. The second strand centres on self-organizing civic activism. The third strand focuses on hybrid organizations. In this paper we will analyse the main commonalities and differences in the understanding of the fourth sector. Our conclusion is that despite differences, there is enough ‘family resemblance’ between the three different streams of fourth-sector discussion to warrant a synthetic reflection of the governance issues related to this novel phenomenon. As a result of that analysis, we distinguish five specific governance issues that are related to 1) the ability of the public sector to work upon shared values, 2) the empowering nature of self-organizing, 3) the need for new operational rules under the ‘sharing economy’, 4) the transitory but structuration-oriented nature of fourth-sector processes and 5) the notion that fourth-sector involvement does not necessarily improve the quality of participation.

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“…However, the growth of zakat is still very far away with the true potential of zakat. The results of some studies mention potential zakat Indonesia vary between 12.7 trillion and Rp 286 billion (Outlook Zakat Indonesia, 2017in Santoso, 2017. The problems in Indonesia Zakah can be caused by several factors cause not optimal management of zakat in Indonesia are: 1) the ineffectiveness of the organization collecting zakat; 2) high administrative costs to manage zakat; 3) information about the importance of paying zakat which is not effective; and 4) distrust the muzakki (Zakah payer) against the Organization managers zakat (OPZ) (Hafidhudin;2007, Laela;2010).…”

Section: Introductionmentioning

confidence: 99%

Critical Perspective And Reconstruction Governance Organization Management Zakat In Indonesia

Santoso

Alim²,

Riyadi³

2018

ABR

Self Cite

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BAZNAS ss an official institution and given the authority in the management of zakat in Indonesia, then in order to accountability the management of zakat needs to be based on a variety of regulatory and operational strengthening. Organization Manager Zakat is the organization that manages the funds of the community i.e. the funds to charity. OPZ has the role of intermediation zakat fund convened to the community i.e. muszaki and transmitted and harnessed to the community mustahik. For a regulation related to the management of zakat be very important. This research is qualitative one, with descriptive design. While, data taking was done by observations and deeply interviews. This study used qualitative research method where the data were collected by observation and in-depth interviews. The data collection was done in natural settings. Primary data were collected through participant observation towards staff who received allowances, in-depth interviews and documentation (audio recording). Respondents in this study consist of four informants. Important findings in this research are: (1) Transparent on BAZNAS marked information in a timely, adequate, accessible, business objectives, strategies, financial condition, the company arrangement and compensation of Executive Board, the controlling shareholder, internal control and supervision system, the principle of openness and policy writing and proportionate. (2) Accountability at BAZNAS marked the details of duties and responsibility of the organ and all employees clear, aligned with the vision, mission, values and strategy BAZNAS. employees were able to on duty, responsibility, and its role in the implementation of GCG Principles, tasks and authority, ethical behaviour and employee agreed. (3) Responsibility on BAZNAS in mark awareness of responsible offices attached, awareness of the existence of social responsibility and working in a professional manner and uphold ethics and code of conduct of the organization.(4) Independence at BAZNAS in mark awareness being the responsibility of the appropriate Office attached to, awareness of social responsibility and professional ethics, and code of ethics of the Organization and maintaining a healthy work environment and is conducive and (5) Fairness in BAZNAS in the mark system of payment of Zakah are easy and simple on-line through the medium, the amount of the payment of zakat muzakki is equal to the amount agreed upon in advance and accept criticism and suggestions from other parties.

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Zakah Organization as the Fourth Sector

Cited by 3 publications

References 1 publication

The role of Islamic economics and social institutions during the time of Covid-19

The role of Islamic economics and social institutions during the time of Covid-19

Understanding the Emerging Fourth Sector and Its Governance Implications

Critical Perspective And Reconstruction Governance Organization Management Zakat In Indonesia

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