Risk Management of Zakat Management

Dyarini Dyarini, Siti Jamilah

2017

Abstract

The problem in this research is management of zakat that need to preserve on the credibility and accountability of the institution of zakat. By maintaining a good reputation and trusted it can facilitate amil in the effort of collecting funds of zakat from the muzakki. Risk management in zakat management becomes very important and strategic. The purpose of this paper is to identify risk factors in zakat management, to identify the impacts of risks, and to identify risk mitigation of zakat management. This writing is a qualitative research where this research uses primary data through practitioner survey and also secondary data. There are four types of risks that have been identified and the world of obligations must have a clear concept in mitigating those risks. First, reputation risk and loss of muzakki; Second, the risk of distribution; Third, operational risk, and the fourth is the risk of zakat transfer between countries. Empowerment of Zakat in order to change the mindset of society that zakat is not solely religious obligation which if not done will sin, but charity has social impact to alleviate poverty. Risk management research is a continuum of steps and efforts towards Shariah compliance in zakat management.

Paper Citation

in Harvard Style

Dyarini D. and Jamilah S. (2017). Risk Management of Zakat Management.In 1st International Conference on Islamic Economics, Business, and Philanthropy - Volume 1: ICIEBP, ISBN 978-989-758-315-5, pages 563-568. DOI: 10.5220/0007085805630568

in Bibtex Style

@conference{iciebp17,
author={Dyarini Dyarini and Siti Jamilah},
title={Risk Management of Zakat Management},
booktitle={1st International Conference on Islamic Economics, Business, and Philanthropy - Volume 1: ICIEBP,},
year={2017},
pages={563-568},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0007085805630568},
isbn={978-989-758-315-5},
}

in EndNote Style

TY - CONF

JO - 1st International Conference on Islamic Economics, Business, and Philanthropy - Volume 1: ICIEBP,
TI - Risk Management of Zakat Management
SN - 978-989-758-315-5
AU - Dyarini D.
AU - Jamilah S.
PY - 2017
SP - 563
EP - 568
DO - 10.5220/0007085805630568