IDEAS home Printed from https://ideas.repec.org/h/spr/advbcp/978-94-6463-176-0_2.html

Optimizing the Intermediary Function of Zakat Institution Using Analytical Network Process Benefit Opportunity Cost Risk (ANP BOCR) Approach

In: 4th International Conference on Islamic Economics, Business, Philanthropy, and PhD Colloquium (ICIEBP) 2022

Author

Listed:
  • Tika Widiastuti

    (Universitas Airlangga, Department of Sharia Economics, Faculty of Economics and Business)

  • Siti Zulaikha

    (Universitas Airlangga, Department of Sharia Economics, Faculty of Economics and Business)

  • Eko Fajar Cahyono

    (Universitas Airlangga, Department of Sharia Economics, Faculty of Economics and Business)

  • Imron Mawardi

    (Universitas Airlangga, Department of Sharia Economics, Faculty of Economics and Business)

  • Muhammad Ubaidillah Al Mustofa

    (Universitas Airlangga, Department of Sharia Economics, Faculty of Economics and Business)

Abstract

This study analyzes the optimization of the intermediary function of zakat institutions in East Java Province based on Zakat Core Principles (ZCP) through the development of priority solutions and strategies in the short and long term. This qualitative study employs the Analytical Network Process (ANP) method with Benefit, Opportunity, Cost, and Risk (BOCR) analysis. This study found that increasing transparency and accountability of reports become the prioritized solution in zakat collection management. Strengthening mandatory zakat regulations becomes the strategy with the highest priority in the collection and distribution management, both in the short and long term. Zakat Institutions need to optimize the available resources to provide the best benefits for the mustahiq. This study determines the best strategy for optimization of intermediary functions of zakat institutions based on ZCP by considering the BOCR of the proposed strategy in the short and long term.

Suggested Citation

  • Tika Widiastuti & Siti Zulaikha & Eko Fajar Cahyono & Imron Mawardi & Muhammad Ubaidillah Al Mustofa, 2023. "Optimizing the Intermediary Function of Zakat Institution Using Analytical Network Process Benefit Opportunity Cost Risk (ANP BOCR) Approach," Advances in Economics, Business and Management Research, in: Meri Indri Hapsari & M. Bastomi Fahri Zusak (ed.), 4th International Conference on Islamic Economics, Business, Philanthropy, and PhD Colloquium (ICIEBP) 2022, pages 3-23, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-176-0_2
    DOI: 10.2991/978-94-6463-176-0_2
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:advbcp:978-94-6463-176-0_2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.