Blockchain zakat in zakat management organizations, is it necessary?
Purpose — This paper aims to analyze whether zakat management organizations need a blockchain zakat system in maintaining transparency of zakat management which can have an impact on increasing the amount of donations collected from muzakki. Method — This research is a qualitative research conducte...
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| Format: | Article |
| Language: | English |
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Universitas Islam Negeri (UIN) Mataram, Faculty of Islamic Economics and Business
2023-04-01
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| Series: | Journal of Enterprise and Development |
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| Online Access: | https://journal.uinmataram.ac.id/index.php/jed/article/view/7043 |
| _version_ | 1797847569370447872 |
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| author | Nurul Ikhsan |
| author_facet | Nurul Ikhsan |
| author_sort | Nurul Ikhsan |
| collection | DOAJ |
| description |
Purpose — This paper aims to analyze whether zakat management organizations need a blockchain zakat system in maintaining transparency of zakat management which can have an impact on increasing the amount of donations collected from muzakki.
Method — This research is a qualitative research conducted with descriptive-analytic method through literature study.
Result — Zakat management organizations have a duty to ensure transparent management of the funds they collect as public institutions, and therefore must be trustworthy. By adopting a blockchain-based zakat system, these organizations can enjoy various advantages such as trustlessness, immutability, decentralization, lower costs, peer-to-peer transactions, transparency, and universal banking. This technology can also help address existing issues within zakat institutions.
Contribution — This study contributes to the existing literature on blockchain-based zakat system which is still rarely to be discussed.
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| first_indexed | 2024-04-09T18:13:33Z |
| format | Article |
| id | doaj.art-7a65616486e34b17a704152a1b220627 |
| institution | Directory Open Access Journal |
| issn | 2715-3118 2685-8258 |
| language | English |
| last_indexed | 2024-04-09T18:13:33Z |
| publishDate | 2023-04-01 |
| publisher | Universitas Islam Negeri (UIN) Mataram, Faculty of Islamic Economics and Business |
| record_format | Article |
| series | Journal of Enterprise and Development |
| spelling | doaj.art-7a65616486e34b17a704152a1b2206272023-04-13T09:29:03ZengUniversitas Islam Negeri (UIN) Mataram, Faculty of Islamic Economics and BusinessJournal of Enterprise and Development2715-31182685-82582023-04-015310.20414/jed.v5i3.7043Blockchain zakat in zakat management organizations, is it necessary?Nurul Ikhsan0Universitas Islam Negeri Mataram, Indonesia Purpose — This paper aims to analyze whether zakat management organizations need a blockchain zakat system in maintaining transparency of zakat management which can have an impact on increasing the amount of donations collected from muzakki. Method — This research is a qualitative research conducted with descriptive-analytic method through literature study. Result — Zakat management organizations have a duty to ensure transparent management of the funds they collect as public institutions, and therefore must be trustworthy. By adopting a blockchain-based zakat system, these organizations can enjoy various advantages such as trustlessness, immutability, decentralization, lower costs, peer-to-peer transactions, transparency, and universal banking. This technology can also help address existing issues within zakat institutions. Contribution — This study contributes to the existing literature on blockchain-based zakat system which is still rarely to be discussed. https://journal.uinmataram.ac.id/index.php/jed/article/view/7043zakatblockchainzakat management organization |
| spellingShingle | Nurul Ikhsan Blockchain zakat in zakat management organizations, is it necessary? Journal of Enterprise and Development zakat blockchain zakat management organization |
| title | Blockchain zakat in zakat management organizations, is it necessary? |
| title_full | Blockchain zakat in zakat management organizations, is it necessary? |
| title_fullStr | Blockchain zakat in zakat management organizations, is it necessary? |
| title_full_unstemmed | Blockchain zakat in zakat management organizations, is it necessary? |
| title_short | Blockchain zakat in zakat management organizations, is it necessary? |
| title_sort | blockchain zakat in zakat management organizations is it necessary |
| topic | zakat blockchain zakat management organization |
| url | https://journal.uinmataram.ac.id/index.php/jed/article/view/7043 |
| work_keys_str_mv | AT nurulikhsan blockchainzakatinzakatmanagementorganizationsisitnecessary |