The First International Conference On Islamic Development Studies 2019, ICIDS 2019, 10 September 2019, Bandar Lampung, Indonesia

Research Article

Economic Approaches of Zakat Management Institutions in Malaysia

Download401 downloads
  • @INPROCEEDINGS{10.4108/eai.10-9-2019.2289397,
        author={Zakaria  Bahari and Caturida Meiwanto Doktoralina},
        title={Economic Approaches of Zakat Management Institutions in Malaysia},
        proceedings={The First International Conference On Islamic Development Studies 2019, ICIDS 2019, 10 September 2019, Bandar Lampung, Indonesia},
        publisher={EAI},
        proceedings_a={ICIDS},
        year={2019},
        month={11},
        keywords={zakat distribution; productive zakat; and economic approaches},
        doi={10.4108/eai.10-9-2019.2289397}
    }
    
  • Zakaria Bahari
    Caturida Meiwanto Doktoralina
    Year: 2019
    Economic Approaches of Zakat Management Institutions in Malaysia
    ICIDS
    EAI
    DOI: 10.4108/eai.10-9-2019.2289397
Zakaria Bahari1,*, Caturida Meiwanto Doktoralina2
  • 1: Center for Islamic Development Management Studies, Universiti Sains Malaysia, Malaysia
  • 2: Fakultas Ekonomi dan Bisnis Universitas Mercu Buana, Jakarta, Indonesia
*Contact email: bzak@usm.my

Abstract

This paper aims to identify the types of economic approaches, philosophies and economic theories used in the implementation of productive zakat in zakat institution in Malaysia. This study is a qualitative study using informantion from the field through zakat practitioners as well as secondary data from journal materials, reports, websites and books. This study used conventional content analysis to analyse data. The findings show that the form of economic approach applied is self-serving, collaborates between zakat institutions and smart cooperation approaches wit external agencies. The philosophy of economics is to use fishing rod and not the fish, an no economic theory is applied. Zakat institutions provide the programs through capital assistance, courses, training skills and equipment assistance.