Zakat is the third pillar of Islam which has an important role to the society and the economic de... more Zakat is the third pillar of Islam which has an important role to the society and the economic development. It is also the instrument that can be used to alleviate poverty. Zakat collection in Lampung Province, Indonesia in 2016 has increased, however in the same year, the poverty level also increases. One of the regencies that has the largest number of poor people is East Lampung Regency. This region has large zakat potential but the fund collected was less than one percent of its potential. Thus, the purpose of this paper is to assess and evaluate the performance of zakat practices that include the role of government, society, institutional performance and the zakat impact to the mustahik welfare in East Lampung Regency. The research took a sample of 100 households of mustahik by using purposive sampling technique. The analytical tool used is the National Zakat Index (NZI) which uses a Multi-Stage Weight Index estimation method. The result of this paper shows that the performance ...
One of the main problems of agricultural sector in Indonesia is the lack of financial support. Th... more One of the main problems of agricultural sector in Indonesia is the lack of financial support. There are many financing programs which available to overcome this problem, but this problem still persist. Thus, the alternative financing scheme such as Islamic financing that concern on risk sharing concept rather than profit, is a feasible solution. Moreover, the increase of Islamic financing on agricultural sector requires many studies. One of them is about financing risk analysis as well as risk management instruments and systems. This research is applied at BPRS (Islamic Rural Bank) Amanah Ummah, Leuwiliang, Bogor, Indonesia, which provides financing for agricultural business. Thus, this research is focused on analyzing Islamic financing risk and measuring potential loss. In addition, this Islamic financing risk is analyzed with Enterprise Risk Management (ERM) framework method and the potential loss is measured with creditrisk+ method. Overall, this research contributes to literatu...
Zakat is the third pillar of Islam. Difference with the other pillars of Islam, zakat has a perso... more Zakat is the third pillar of Islam. Difference with the other pillars of Islam, zakat has a personal and social dimension as a key economic pillar in the economic development and prosperity. In fact, urgency of zakat is the same as the urgency of prayer. In the aspect of zakat division, Islam has set eight groups of mustahiq. Among these group are the collectors and the distribution of zakat (Al-„Amil). Amilin has a strategic functions and duties for developing zakat in Indonesia. The aspects of how classical scholarly opinion regarding the terms of Amilin; the classification, duties, and functions of Amil; and best practice recommendations for zakat institutions will be the main themes of this paper. Keywords: zakat, amil, good amil governance JEL Classification: O150, R290, Z120, Z190
We show how changes in poverty rate can be applied into growth of zakat distribution via financia... more We show how changes in poverty rate can be applied into growth of zakat distribution via financial inclusion on mission mode, and we use the methodology to zakat productive program in Sukabumi during the 2016. The purpose of the present paper is to prove zakat is able to be a solution part for the community empowerment. The result is the number of productive zakat program beneficiaries whose income is below the poverty line (poor category) before the program are 73 people (H = 0.081) and after the program change to 24 (H = 0.027), which means the program has succeeded in reducing the number of poor people by 49 people (5.47 percent). Despite the decrease of the number of headcount, the poverty gap (P1) after the program increased. The income gap (I) is also decline from 0.197 to 0.169. Poverty severity of beneficiaries of productive zakat program in Sukabumi seen by Sen Index (P2) decrease from 0.038 to 0.013, while using Foster-Greer-Thorbecke Index (P3), the poverty severity decre...
One of the main problems of agricultural sector in Indonesia is the lack of financial support. Th... more One of the main problems of agricultural sector in Indonesia is the lack of financial support. There are many financing programs which available to overcome this problem, but this problem still persist. Thus, the alternative financing scheme such as Islamic financing that concern on risk sharing concept rather than profit, is a feasible solution. Moreover, the increase of Islamic financing on agricultural sector requires many studies. One of them is about financing risk analysis as well as risk management instruments and systems. This research is applied at BPRS (Islamic Rural Bank) Amanah Ummah, Leuwiliang, Bogor, Indonesia, which provides financing for agricultural business. Thus, this research is focused on analyzing Islamic financing risk and measuring potential loss. In addition, this Islamic financing risk is analyzed with Enterprise Risk Management (ERM) framework method and the potential loss is measured with creditrisk+ method. Overall, this research contributes to literatures on Islamic financing in agricultural sector and provides ground-study related to financing risk analysis on Islamic microfinance institutions.
One of major economic problems particularly in developing countries is external debt crisis. Seve... more One of major economic problems particularly in developing countries is external debt crisis. Several developing countries including Indonesia have paid their external debt more than total fund they have received from developed countries. Moreover, the indebted country has to pay the interest every year which the amount keeps accruing. Debt is the main causes of poverty since most of them are “unjust” debt. Islam discourages Muslims to depend their lives on borrowing money, including at the state level. This research attempts to scrutinize the issue of external debt crisis and try to come out with a solution to the problem of the external debt crisis in Indonesia from Islamic perspective. This paper is using a qualitative analysis approach and collecting external debt data from the Central Bank of Indonesia and the World Bank. Findings indicate that the current system on managing external debt crisis in Indonesia has not been successful and need to be examined from different framewor...
Journal of Islamic Monetary Economics and Finance, 2018
Poverty is the most crucial problem in many countries including Indonesia. As a predominantly Mus... more Poverty is the most crucial problem in many countries including Indonesia. As a predominantly Muslim countries, there are several Islamic instruments to combat poverty, such as zakat. It is an act of worship that combines economic, social, moral and religious components to improve the welfare of Muslims, as well as reducing poverty. Bogor Regency, a region in Indonesia, targeted 10 billion rupiah as its zakat collection for 2016. However, the actual zakat collection was only 5 billion rupiahs, which signals the ineffectiveness of zakat management from either collection, distribution, or utilization. The purpose of this research is to analyse zakat performance in BAZNAS (Badan Amil Zakat Nasional; National Board of Zakat) in Bogor Regency. Data were collected through interviews and questionnaires completed by 100 mustahik household in Bogor Regency. The National Zakat Index was used with a calculation method called the Multi-Stage Weighted Index. The findings indicate that the implem...
Zakat is the third pillar of Islam which has an important role to the society and the economic de... more Zakat is the third pillar of Islam which has an important role to the society and the economic development. It is also the instrument that can be used to alleviate poverty. Zakat collection in Lampung Province, Indonesia in 2016 has increased, however in the same year, the poverty level also increases. One of the regencies that has the largest number of poor people is East Lampung Regency. This region has large zakat potential but the fund collected was less than one percent of its potential. Thus, the purpose of this paper is to assess and evaluate the performance of zakat practices that include the role of government, society, institutional performance and the zakat impact to the mustahik welfare in East Lampung Regency. The research took a sample of 100 households of mustahik by using purposive sampling technique. The analytical tool used is the National Zakat Index (NZI) which uses a Multi-Stage Weight Index estimation method. The result of this paper shows that the performance ...
One of the main problems of agricultural sector in Indonesia is the lack of financial support. Th... more One of the main problems of agricultural sector in Indonesia is the lack of financial support. There are many financing programs which available to overcome this problem, but this problem still persist. Thus, the alternative financing scheme such as Islamic financing that concern on risk sharing concept rather than profit, is a feasible solution. Moreover, the increase of Islamic financing on agricultural sector requires many studies. One of them is about financing risk analysis as well as risk management instruments and systems. This research is applied at BPRS (Islamic Rural Bank) Amanah Ummah, Leuwiliang, Bogor, Indonesia, which provides financing for agricultural business. Thus, this research is focused on analyzing Islamic financing risk and measuring potential loss. In addition, this Islamic financing risk is analyzed with Enterprise Risk Management (ERM) framework method and the potential loss is measured with creditrisk+ method. Overall, this research contributes to literatu...
Zakat is the third pillar of Islam. Difference with the other pillars of Islam, zakat has a perso... more Zakat is the third pillar of Islam. Difference with the other pillars of Islam, zakat has a personal and social dimension as a key economic pillar in the economic development and prosperity. In fact, urgency of zakat is the same as the urgency of prayer. In the aspect of zakat division, Islam has set eight groups of mustahiq. Among these group are the collectors and the distribution of zakat (Al-„Amil). Amilin has a strategic functions and duties for developing zakat in Indonesia. The aspects of how classical scholarly opinion regarding the terms of Amilin; the classification, duties, and functions of Amil; and best practice recommendations for zakat institutions will be the main themes of this paper. Keywords: zakat, amil, good amil governance JEL Classification: O150, R290, Z120, Z190
We show how changes in poverty rate can be applied into growth of zakat distribution via financia... more We show how changes in poverty rate can be applied into growth of zakat distribution via financial inclusion on mission mode, and we use the methodology to zakat productive program in Sukabumi during the 2016. The purpose of the present paper is to prove zakat is able to be a solution part for the community empowerment. The result is the number of productive zakat program beneficiaries whose income is below the poverty line (poor category) before the program are 73 people (H = 0.081) and after the program change to 24 (H = 0.027), which means the program has succeeded in reducing the number of poor people by 49 people (5.47 percent). Despite the decrease of the number of headcount, the poverty gap (P1) after the program increased. The income gap (I) is also decline from 0.197 to 0.169. Poverty severity of beneficiaries of productive zakat program in Sukabumi seen by Sen Index (P2) decrease from 0.038 to 0.013, while using Foster-Greer-Thorbecke Index (P3), the poverty severity decre...
One of the main problems of agricultural sector in Indonesia is the lack of financial support. Th... more One of the main problems of agricultural sector in Indonesia is the lack of financial support. There are many financing programs which available to overcome this problem, but this problem still persist. Thus, the alternative financing scheme such as Islamic financing that concern on risk sharing concept rather than profit, is a feasible solution. Moreover, the increase of Islamic financing on agricultural sector requires many studies. One of them is about financing risk analysis as well as risk management instruments and systems. This research is applied at BPRS (Islamic Rural Bank) Amanah Ummah, Leuwiliang, Bogor, Indonesia, which provides financing for agricultural business. Thus, this research is focused on analyzing Islamic financing risk and measuring potential loss. In addition, this Islamic financing risk is analyzed with Enterprise Risk Management (ERM) framework method and the potential loss is measured with creditrisk+ method. Overall, this research contributes to literatures on Islamic financing in agricultural sector and provides ground-study related to financing risk analysis on Islamic microfinance institutions.
One of major economic problems particularly in developing countries is external debt crisis. Seve... more One of major economic problems particularly in developing countries is external debt crisis. Several developing countries including Indonesia have paid their external debt more than total fund they have received from developed countries. Moreover, the indebted country has to pay the interest every year which the amount keeps accruing. Debt is the main causes of poverty since most of them are “unjust” debt. Islam discourages Muslims to depend their lives on borrowing money, including at the state level. This research attempts to scrutinize the issue of external debt crisis and try to come out with a solution to the problem of the external debt crisis in Indonesia from Islamic perspective. This paper is using a qualitative analysis approach and collecting external debt data from the Central Bank of Indonesia and the World Bank. Findings indicate that the current system on managing external debt crisis in Indonesia has not been successful and need to be examined from different framewor...
Journal of Islamic Monetary Economics and Finance, 2018
Poverty is the most crucial problem in many countries including Indonesia. As a predominantly Mus... more Poverty is the most crucial problem in many countries including Indonesia. As a predominantly Muslim countries, there are several Islamic instruments to combat poverty, such as zakat. It is an act of worship that combines economic, social, moral and religious components to improve the welfare of Muslims, as well as reducing poverty. Bogor Regency, a region in Indonesia, targeted 10 billion rupiah as its zakat collection for 2016. However, the actual zakat collection was only 5 billion rupiahs, which signals the ineffectiveness of zakat management from either collection, distribution, or utilization. The purpose of this research is to analyse zakat performance in BAZNAS (Badan Amil Zakat Nasional; National Board of Zakat) in Bogor Regency. Data were collected through interviews and questionnaires completed by 100 mustahik household in Bogor Regency. The National Zakat Index was used with a calculation method called the Multi-Stage Weighted Index. The findings indicate that the implem...
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