Proceedings of the 4th International Conference on Islamic Economics, Business, Philanthropy, and PhD Colloqium (ICIEBP 2022)

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

Authors
Tika Widiastuti1, *, Siti Zulaikha1, Eko Fajar Cahyono1, Imron Mawardi1, Muhammad Ubaidillah Mustofa1
1Department of Sharia Economics, Faculty of Economics and Business, Universitas Airlangga, Surabaya, Jawa Timur, Indonesia
*Corresponding author. Email: tika.widiastuti@feb.unair.ac.id
Corresponding Author
Tika Widiastuti
Available Online 19 June 2023.
DOI
10.2991/978-94-6463-176-0_2How to use a DOI?
Keywords
Optimization; Intermediary Function; Analytical Network Process; Zakat Core Principles; Sustainable Development
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.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 4th International Conference on Islamic Economics, Business, Philanthropy, and PhD Colloqium (ICIEBP 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
19 June 2023
ISBN
978-94-6463-176-0
ISSN
2352-5428
DOI
10.2991/978-94-6463-176-0_2How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Tika Widiastuti
AU  - Siti Zulaikha
AU  - Eko Fajar Cahyono
AU  - Imron Mawardi
AU  - Muhammad Ubaidillah Mustofa
PY  - 2023
DA  - 2023/06/19
TI  - Optimizing the Intermediary Function of Zakat Institution Using Analytical Network Process Benefit Opportunity Cost Risk (ANP BOCR) Approach
BT  - Proceedings of the 4th International Conference on Islamic Economics, Business, Philanthropy, and PhD Colloqium (ICIEBP 2022)
PB  - Atlantis Press
SP  - 3
EP  - 23
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-176-0_2
DO  - 10.2991/978-94-6463-176-0_2
ID  - Widiastuti2023
ER  -