Analysis of Risk Management at Baznas in DIY with Enterprise Risk Management (ERM) Approach

DOI

10.2991/assehr.k.210120.104How to use a DOI?

Keywords

Zakat Risk Management, Operational, Education, Enterprise Risk Management (ERM)

Abstract

This research aims to analyze the risk potential and risk management implementation of zakat (Islamic alms) on BAZNAZ (Badan Amil Zakat National/National Zakat Official Institution) DIY. The disparity between the potential and realization of zakat in Indonesia, especially in Yogyakarta, indicates that there is an urgency for proper management and education. This research was descriptive qualitative. The risk analysis process used was Enterprise Risk Management (ERM). Meanwhile, the risk assessment used was Godfrey theory. The primary data used was obtained from questionnaires and interview results, whereas the secondary data was obtained from scientific journals and literature review. The data validation used was triangulation theory. The research result shows four risk-category identifications: unacceptable risk 0, undesirable risk 10, acceptable risk 12, and negligible risk 43. Educational risk is included in the undesirable category, and it means that this risk has gone beyond the limit of risk tolerance. Thus proper mitigation needs to be implemented. In Comparation operational risk is still below the limit of risk tolerance, under the category of acceptable and negligible. Lastly, the risk mitigation effort implemented on the educational risk are: (1) Providing interesting and comprehensible education; (2) Encouraging doing zakat through amil (official staff of zakat collector); (3) Acquiring financial support from the government; (4) Providing education to LAZ and UPZ regarding zakat management strategy. The controlling and monitoring effort of zakat management in BAZNAS DIY are: (1) Performing audit upon public accountant and Syariah audit; (2) Coordination meeting; (3) Implementing zakat management according to the prevailing regulation and procedure.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Syah Amelia Manggala Putri
AU  - Rizki
AU  - Safaah Restuning Hayati
PY  - 2021
DA  - 2021/01/21
TI  - Analysis of Risk Management at Baznas in DIY with Enterprise Risk Management (ERM) Approach
BT  - Proceedings of the 4th International Conference on Sustainable Innovation 2020–Social, Humanity, and Education (ICoSIHESS 2020)
PB  - Atlantis Press
SP  - 48
EP  - 56
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.210120.104
DO  - 10.2991/assehr.k.210120.104
ID  - Putri2021
ER  -