The Efficient Fintech of Indonesian Zakat Institution based on Muzakki's Psychology

Farikha Amilahaq, Provita Wijayanti, Noor Nasir, Suraya Ahmad

2019

Abstract

This study aims to analyze the efficiency of the Indonesian Zakat Institution (IZI) based on the psychology of Muzakki (Muslims who pay zakat). The method is done by comparing the psychological conditions between the Muzakki of IZI Mass (their workplace is bounded by a certain IZI), with Muzakki who pay independently (their workplace is not tied to a particular IZI). The respondents of the study consists of 78 IZI non-Mass Muzakki and 70 IZI-Mass Muzakki. The regressions analysis is done using SmartPLS. The result shows that IZI Mass is unable to optimize the benefits of digital zakat payment service. Because the psychology of Muzakki has not reached the right level to pay zakat (the awareness and the understanding about the obligation to pay zakat), but they have must did it. Meanwhile independent respondents belonging to IZI Non-Mass have a higher level of compliance. That is why IZI especially IZI Mass need to improve their socialization and education towards Muzakki and young Muslims (prospective Muzakki), and also informing the statements of IZI’s zakat management toward the community, especially toward Muzakki, then offer convenience services for paying the zakat.

Paper Citation

in Harvard Style

Amilahaq F., Wijayanti P., Nasir N. and Ahmad S. (2019). The Efficient Fintech of Indonesian Zakat Institution based on Muzakki's Psychology. In Proceedings of the 7th ASEAN Universities International Conference on Islamic Finance - Volume 1: 7th AICIF, ISBN 978-989-758-473-2, pages 11-18. DOI: 10.5220/0009859600002898

in Bibtex Style

@conference{7th aicif19,
author={Farikha Amilahaq and Provita Wijayanti and Noor Nasir and Suraya Ahmad},
title={The Efficient Fintech of Indonesian Zakat Institution based on Muzakki's Psychology},
booktitle={Proceedings of the 7th ASEAN Universities International Conference on Islamic Finance - Volume 1: 7th AICIF,},
year={2019},
pages={11-18},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0009859600002898},
isbn={978-989-758-473-2},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 7th ASEAN Universities International Conference on Islamic Finance - Volume 1: 7th AICIF,
TI - The Efficient Fintech of Indonesian Zakat Institution based on Muzakki's Psychology
SN - 978-989-758-473-2
AU - Amilahaq F.
AU - Wijayanti P.
AU - Nasir N.
AU - Ahmad S.
PY - 2019
SP - 11
EP - 18
DO - 10.5220/0009859600002898