This research was conducted to determine previous research trends regarding zakat regulation as well as the sentiment from these studies regarding the policy and implementation of zakat regulations in Indonesia. The methodology used in this research is a qualitative method with descriptive statistics on secondary data from 151 literature studies related to zakat regulation published and available on Dimensions.ai over a period of 7 years (2017-2023). The data analysis techniques used are meta-analysis and sentiment analysis which are processed using Microsoft Excel 2019 and SentiStrength software. Then, to reveal this problem in depth and comprehensively, a Systematic Literature Review (SLR) study was also carried out. The research results show that the publication of scientific literature regarding zakat regulation in Indonesia continues to increase every year, indicating that this field is quite interesting to discuss for researchers and has extensive research space and continues to develop. This study can be used as a reference in identifying influential authors, articles and journals so that future researchers will find it easier to find references that have a big influence on the development of literature on zakat regulation in Indonesia. Apart from that, by knowing what things were criticized from the negative perceptions of previous researchers regarding the policy and practical application of zakat regulation in Indonesia, it is hoped that this research can become evaluation material for regulators and policy makers to revitalize existing regulations to realize their potential.
{"title":"Criticisms The Government's Role of Zakat Regulation in Indonesia for Improving the Zakat Potential","authors":"Nadiyah Mu’adzah, Dedy Rachmad","doi":"10.58968/isf.v4i1.497","DOIUrl":"https://doi.org/10.58968/isf.v4i1.497","url":null,"abstract":"This research was conducted to determine previous research trends regarding zakat regulation as well as the sentiment from these studies regarding the policy and implementation of zakat regulations in Indonesia. The methodology used in this research is a qualitative method with descriptive statistics on secondary data from 151 literature studies related to zakat regulation published and available on Dimensions.ai over a period of 7 years (2017-2023). The data analysis techniques used are meta-analysis and sentiment analysis which are processed using Microsoft Excel 2019 and SentiStrength software. Then, to reveal this problem in depth and comprehensively, a Systematic Literature Review (SLR) study was also carried out. The research results show that the publication of scientific literature regarding zakat regulation in Indonesia continues to increase every year, indicating that this field is quite interesting to discuss for researchers and has extensive research space and continues to develop. This study can be used as a reference in identifying influential authors, articles and journals so that future researchers will find it easier to find references that have a big influence on the development of literature on zakat regulation in Indonesia. Apart from that, by knowing what things were criticized from the negative perceptions of previous researchers regarding the policy and practical application of zakat regulation in Indonesia, it is hoped that this research can become evaluation material for regulators and policy makers to revitalize existing regulations to realize their potential.","PeriodicalId":399105,"journal":{"name":"Islamic Social Finance","volume":"18 13","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141356515","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study aims to determine the problems that exist in the use of waqf as a medium for food security in Indonesia and the priority solutions for the use of productive waqf as a medium for food security in Indonesia in terms of institutional, infrastructure, financial, community and government aspects. this is the Analytical Hierarchy Process (AHP). This study used seven expert respondents representing academics, practitioners and regulators who were asked to assess the problems and solutions for the use of productive waqf as a medium for food security in Indonesia. Based on the opinion of respondents, the biggest problem in the use of productive waqf as a medium for food security in Indonesia is the lack of socialization to the public regarding productive waqf as a medium for food security. The priority solutions in this research are waqf institutions and the government need to collaborate in implementing productive waqf utilization as a medium for food security in Indonesia. Furthermore, in general the aspect that is considered the most problematic is the government aspect, while the priority for solutions is the institutional aspect. Therefore, in the use of productive waqf as a medium for food security in Indonesia, the public needs to increase their understanding of productive waqf as a medium for food security, the government needs to collaborate with waqf institutions and farmer groups as well as waqf institutions need to improve their professionalism.
{"title":"Strategy of Productive Waqf Utilization as a Medium for Food Security in Indonesia: An AHP Approach","authors":"El-Islam Purnama Alam, Juliana, R. Rosida","doi":"10.58968/isf.v4i1.482","DOIUrl":"https://doi.org/10.58968/isf.v4i1.482","url":null,"abstract":"This study aims to determine the problems that exist in the use of waqf as a medium for food security in Indonesia and the priority solutions for the use of productive waqf as a medium for food security in Indonesia in terms of institutional, infrastructure, financial, community and government aspects. this is the Analytical Hierarchy Process (AHP). This study used seven expert respondents representing academics, practitioners and regulators who were asked to assess the problems and solutions for the use of productive waqf as a medium for food security in Indonesia. Based on the opinion of respondents, the biggest problem in the use of productive waqf as a medium for food security in Indonesia is the lack of socialization to the public regarding productive waqf as a medium for food security. The priority solutions in this research are waqf institutions and the government need to collaborate in implementing productive waqf utilization as a medium for food security in Indonesia. Furthermore, in general the aspect that is considered the most problematic is the government aspect, while the priority for solutions is the institutional aspect. Therefore, in the use of productive waqf as a medium for food security in Indonesia, the public needs to increase their understanding of productive waqf as a medium for food security, the government needs to collaborate with waqf institutions and farmer groups as well as waqf institutions need to improve their professionalism.","PeriodicalId":399105,"journal":{"name":"Islamic Social Finance","volume":"154 11‐12","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140698665","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This research is motivated by the problems listed in the sixth Sustainable Development Goal (SDGs-6), namely related to the fulfillment of clean water and proper sanitation which is expected to be achieved by 2030, however this goal has not been achieved optimally until now. Beside that, the development of waqf in Indonesia has potential and contributes to addressing various socio-economic problems, including the provision of clean water and proper sanitation infrastructures. Salman Waqf Institution is one of the Waqf Institutions that is committed to overcome clean water and sanitation problems, both in Bandung city and other areas. This study aims to describe the form of waqf implementation in the provision of Clean Water and Proper Sanitation at Salman Waqf Institution and to review the SDGs-6 indicator targets from this implementation practice. This study used a qualitative method of field research with the case study of waqf institutions. Then analyzed descriptively using the Miles and Huberman models with the help of the NVivo 12 application. The results showed that there were several forms of implementation of waqf in support of SDGs-6, (1) Drinking Water Machines, (2) Drilling Wells (3) Toilet Washing Facilities (MCK), and (4) Piping. Then, it was also support for the global target 6.1 through the Ready-to-Drink Water Machine program, as well as the global target 6.2 through the MCK supply program, Clean Healthy Habits (PHBS) socialization, and providing convenience to vulnerable communities in accessing proper hygiene sanitation. With a strong institutional and partnership system, efforts to support SDGs-6 can be maximized so that the existing indicator targets can be achieved in 2030.
{"title":"Waqf Implementation in Supporting SDGs-6 (Clean Water and Sanitation) at Salman Waqf Institution in Indonesia","authors":"Muhammad Ilham Hisyam, Marwini","doi":"10.58968/isf.v4i1.481","DOIUrl":"https://doi.org/10.58968/isf.v4i1.481","url":null,"abstract":"This research is motivated by the problems listed in the sixth Sustainable Development Goal (SDGs-6), namely related to the fulfillment of clean water and proper sanitation which is expected to be achieved by 2030, however this goal has not been achieved optimally until now. Beside that, the development of waqf in Indonesia has potential and contributes to addressing various socio-economic problems, including the provision of clean water and proper sanitation infrastructures. Salman Waqf Institution is one of the Waqf Institutions that is committed to overcome clean water and sanitation problems, both in Bandung city and other areas. This study aims to describe the form of waqf implementation in the provision of Clean Water and Proper Sanitation at Salman Waqf Institution and to review the SDGs-6 indicator targets from this implementation practice. This study used a qualitative method of field research with the case study of waqf institutions. Then analyzed descriptively using the Miles and Huberman models with the help of the NVivo 12 application. The results showed that there were several forms of implementation of waqf in support of SDGs-6, (1) Drinking Water Machines, (2) Drilling Wells (3) Toilet Washing Facilities (MCK), and (4) Piping. Then, it was also support for the global target 6.1 through the Ready-to-Drink Water Machine program, as well as the global target 6.2 through the MCK supply program, Clean Healthy Habits (PHBS) socialization, and providing convenience to vulnerable communities in accessing proper hygiene sanitation. With a strong institutional and partnership system, efforts to support SDGs-6 can be maximized so that the existing indicator targets can be achieved in 2030.","PeriodicalId":399105,"journal":{"name":"Islamic Social Finance","volume":"18 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140733253","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Widiyanto bin, Mislan Cokrohadisumarto, Yuli Indah Sari
This study aims to develop Indonesia's mosque-based integrated community empowerment model. The model collaboration defined the mosque as a place of productive empowerment to overcome poverty in Indonesia. This study used a qualitative approach that began with a literature study to get research direction and then continued with FGD activities with (1) takmir or administrator of the mosque from the Indonesian Mosque Council or Dewan Masjid Indonesia (DMI), (2) managers of the Amil Zakat Infaq and Sadaqah Insititute or Lembaga Amal, Zakat, Infaq, dan Sedekah (LAZIS), (3) religious leaders or ulama, and (4) academician (who have expertise in Islamic economics and finance, management, and information technology). Based on the study, a model that optimally empowers mosque-based communities (to help solve poverty problems in society around the mosque), it is necessary to have integrated the mosque involvement from many parties such as government, DMI, Aghniya, LAZIS, religious leaders, universities, and mosque. This research makes a valuable contribution by employing a holistic and integrated approach to address poverty-related issues while simultaneously strengthening the role of mosques as productive empowerment centres. It combines elements of Islamic economics, management, and information technology.
本研究旨在开发印度尼西亚以清真寺为基础的社区综合赋权模式。 该合作模式将清真寺定义为印尼消除贫困的生产赋权场所。本研究采用定性研究方法，首先进行文献研究以确定研究方向，然后与以下人员开展 FGD 活动：(1) 印度尼西亚清真寺理事会（Dewan Masjid Indonesia，DMI）的清真寺管理者（takmir）、(2) Amil Zakat Infaq and Sadaqah Insititute 或 Lembaga Amal, Zakat, Infaq, dan Sedekah (LAZIS) 的管理人员，(3) 宗教领袖或乌拉玛，以及 (4) 学者（拥有伊斯兰经济与金融、管理和信息技术方面的专业知识）。根据这项研究，要建立一个最佳的清真寺社区赋权模式（帮助解决清真寺周边社会的贫困问题），就必须整合清真寺的多方参与，如政府、DMI、Aghniya、LAZIS、宗教领袖、大学和清真寺。本研究采用全面综合的方法来解决与贫困相关的问题，同时加强清真寺作为生产赋权中心的作用，从而做出了宝贵的贡献。它结合了伊斯兰经济学、管理学和信息技术等要素。
{"title":"Mosque-Based Integrated Community Empowerment Model","authors":"Widiyanto bin, Mislan Cokrohadisumarto, Yuli Indah Sari","doi":"10.58968/isf.v4i1.372","DOIUrl":"https://doi.org/10.58968/isf.v4i1.372","url":null,"abstract":"This study aims to develop Indonesia's mosque-based integrated community empowerment model. The model collaboration defined the mosque as a place of productive empowerment to overcome poverty in Indonesia. This study used a qualitative approach that began with a literature study to get research direction and then continued with FGD activities with (1) takmir or administrator of the mosque from the Indonesian Mosque Council or Dewan Masjid Indonesia (DMI), (2) managers of the Amil Zakat Infaq and Sadaqah Insititute or Lembaga Amal, Zakat, Infaq, dan Sedekah (LAZIS), (3) religious leaders or ulama, and (4) academician (who have expertise in Islamic economics and finance, management, and information technology). Based on the study, a model that optimally empowers mosque-based communities (to help solve poverty problems in society around the mosque), it is necessary to have integrated the mosque involvement from many parties such as government, DMI, Aghniya, LAZIS, religious leaders, universities, and mosque. This research makes a valuable contribution by employing a holistic and integrated approach to address poverty-related issues while simultaneously strengthening the role of mosques as productive empowerment centres. It combines elements of Islamic economics, management, and information technology.","PeriodicalId":399105,"journal":{"name":"Islamic Social Finance","volume":"61 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140252038","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
A waqf institution is a social organization that acts as an intermediary between wakif and mauquf alaih or people who are entitled to receive waqf benefits. The waqf core principle (WCP) is a starting point as a framework and best practice standard for waqf-based governance. The waqf core principle is intended to improve the quality of waqf students by identifying these weaknesses in supervision and regulation. This study tries to prioritize the WCP principles and also the important criteria from each level using the Analytica Hierarchy Process (AHP). There are five core principles in this WCP, which consist of: the legal basis, waqf supervision, good, and correct Nazir governance, risk management, and the application of sharia principles in governance. Of these principles, the main priority is the application of sharia principles in waqf governance. The recommendation for waqf practitioners or managers is to apply this WCP optimally, according to the priority level according to the results of this study.
{"title":"Prioritizing Waqf Core Principles (WCP) Criteria","authors":"Anisa Syahidah Mujahidah","doi":"10.58968/isf.v3i2.368","DOIUrl":"https://doi.org/10.58968/isf.v3i2.368","url":null,"abstract":"A waqf institution is a social organization that acts as an intermediary between wakif and mauquf alaih or people who are entitled to receive waqf benefits. The waqf core principle (WCP) is a starting point as a framework and best practice standard for waqf-based governance. The waqf core principle is intended to improve the quality of waqf students by identifying these weaknesses in supervision and regulation. This study tries to prioritize the WCP principles and also the important criteria from each level using the Analytica Hierarchy Process (AHP). There are five core principles in this WCP, which consist of: the legal basis, waqf supervision, good, and correct Nazir governance, risk management, and the application of sharia principles in governance. Of these principles, the main priority is the application of sharia principles in waqf governance. The recommendation for waqf practitioners or managers is to apply this WCP optimally, according to the priority level according to the results of this study.","PeriodicalId":399105,"journal":{"name":"Islamic Social Finance","volume":" 10","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139626234","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Maintaining waqf performance is important to ensure that waqf assets are well managed. The effectiveness and efficiency of waqf asset management is crucial so that progress can be measured. This study aims to evaluate the efficiency of waqf institutions in Indonesia during the 2015-2021 period using the non-parametric Data Envelopment Analysis (DEA) approach. The research object includes six waqf institutions in Indonesia, with data obtained from the annual reports of each institution. The results show that during the observation period, no waqf institution has managed to achieve the optimum efficiency score. In addition, the efficiency trend of waqf institutions shows a downward trend, especially during the Covid-19 pandemic. Through potential improvement analysis, this study succeeded in identifying the main factors causing the inefficiency of waqf institutions. In particular, output variables such as waqf fund receipts and disbursements become the main focal points for efficiency improvement.
{"title":"Assessing the Efficiency of Waqf Institutions in Indonesia: A Non-Parametric Approach","authors":"Syahdatul Maulida, D. Mi’raj","doi":"10.58968/isf.v3i2.364","DOIUrl":"https://doi.org/10.58968/isf.v3i2.364","url":null,"abstract":"Maintaining waqf performance is important to ensure that waqf assets are well managed. The effectiveness and efficiency of waqf asset management is crucial so that progress can be measured. This study aims to evaluate the efficiency of waqf institutions in Indonesia during the 2015-2021 period using the non-parametric Data Envelopment Analysis (DEA) approach. The research object includes six waqf institutions in Indonesia, with data obtained from the annual reports of each institution. The results show that during the observation period, no waqf institution has managed to achieve the optimum efficiency score. In addition, the efficiency trend of waqf institutions shows a downward trend, especially during the Covid-19 pandemic. Through potential improvement analysis, this study succeeded in identifying the main factors causing the inefficiency of waqf institutions. In particular, output variables such as waqf fund receipts and disbursements become the main focal points for efficiency improvement.","PeriodicalId":399105,"journal":{"name":"Islamic Social Finance","volume":"9 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139628798","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This research aims to find out how much research on maqasid sharia and its coverage based on journals published with the theme "Maqasid Zakat". This research uses various scientific journals as data sources. By using keywords to find publications in the Dimensions database with the phrase "Maqasid Zakat". There are 132 journal articles from that have been published which is in line with the topic. Trends in publication development were used to analyze information relating to the study's subject using the bibliometric-displaying software VOSviewer by using meta-analysis technique. From the bibliometric authors mapping the author who did the most publications related to the theme "Maqasid Zakat" was Ab Rahman, Azman. There are several keywords that are classified into four clusters. In the first cluster there are 12 words that can be grouped into the theme "Sustainable Development and Poverty Alleviation". In the second cluster there are 11 words that are grouped into the theme "The Use of Zakat to Achieve Maqasid Sharia Objectives". The third cluster has 8 words related to the theme "Islamic Law and The Obligations of Muslims". The last is cluster four which consists of 1 words related to the theme "Maqasid Shariah".
{"title":"The Implementation of Maqasid Shariah in Zakat Studies","authors":"Shabrina Kasyifa Firdausi","doi":"10.58968/isf.v3i2.334","DOIUrl":"https://doi.org/10.58968/isf.v3i2.334","url":null,"abstract":"This research aims to find out how much research on maqasid sharia and its coverage based on journals published with the theme \"Maqasid Zakat\". This research uses various scientific journals as data sources. By using keywords to find publications in the Dimensions database with the phrase \"Maqasid Zakat\". There are 132 journal articles from that have been published which is in line with the topic. Trends in publication development were used to analyze information relating to the study's subject using the bibliometric-displaying software VOSviewer by using meta-analysis technique. From the bibliometric authors mapping the author who did the most publications related to the theme \"Maqasid Zakat\" was Ab Rahman, Azman. There are several keywords that are classified into four clusters. In the first cluster there are 12 words that can be grouped into the theme \"Sustainable Development and Poverty Alleviation\". In the second cluster there are 11 words that are grouped into the theme \"The Use of Zakat to Achieve Maqasid Sharia Objectives\". The third cluster has 8 words related to the theme \"Islamic Law and The Obligations of Muslims\". The last is cluster four which consists of 1 words related to the theme \"Maqasid Shariah\".","PeriodicalId":399105,"journal":{"name":"Islamic Social Finance","volume":" 36","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139144002","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Waqf-based development is in line with the goals of the SDGs. Waqf institutions play an important role in actualizing the SDGs targets including point 16 which is peace, justice and strong institutions. This study aims to design and propose a waqf model for SDGs point 16 peace, justice, and strong institutions in the world by combining the concept of waqf with the activities of related institutions. This research proposes that the best waqf-SDGs model for point 16 is the integrated Waqf & ZIS model. This model is a type of waqf that is social in nature, where waqf is collaborated with ZIS instruments. So that the utilization of this instrument is suitable for social purposes. The implementation of the waqf models that have been proposed with their respective priorities can potentially become an Islamic social fund instrument that participates in supporting the SDGs to ensure that all humans can enjoy a prosperous life and advance economically, socially, and technologically in harmony with nature.
{"title":"Waqf Development Model for SDG-16 (Peace, Justice and Strong Institutions)","authors":"A. Rusydiana, Raditya Sukmana, N. Laila","doi":"10.58968/isf.v3i2.318","DOIUrl":"https://doi.org/10.58968/isf.v3i2.318","url":null,"abstract":"Waqf-based development is in line with the goals of the SDGs. Waqf institutions play an important role in actualizing the SDGs targets including point 16 which is peace, justice and strong institutions. This study aims to design and propose a waqf model for SDGs point 16 peace, justice, and strong institutions in the world by combining the concept of waqf with the activities of related institutions. This research proposes that the best waqf-SDGs model for point 16 is the integrated Waqf & ZIS model. This model is a type of waqf that is social in nature, where waqf is collaborated with ZIS instruments. So that the utilization of this instrument is suitable for social purposes. The implementation of the waqf models that have been proposed with their respective priorities can potentially become an Islamic social fund instrument that participates in supporting the SDGs to ensure that all humans can enjoy a prosperous life and advance economically, socially, and technologically in harmony with nature.","PeriodicalId":399105,"journal":{"name":"Islamic Social Finance","volume":"298 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139183283","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study attempts to analyze the productivity level of Takaful industry in Indonesia, both in terms of changes of its efficiency and also its technological. There are two things that are calculated in Malmquist index measurement that is catch-up effect and frontier shift effect. Findings from the results are very interesting. The average value of the overall efficiency of Takaful industry in Indonesia is relatively medium at 77.8%, while the mean standard deviation is 0.17. This indicates the enough good performance of Takaful industry in Indonesia. In general, there has been an increase in the level of productivity of Takaful institutions in Indonesia in the period 2016 to 2018, even though its very small. The increase in productivity growth (1.076) of Takaful institutions in Indonesia is generally caused by technological change (1.078) instead of changes in efficiency (0.998). Thus the service of Takaful institutions is needed which is more innovative in relation to the development of technology in the future.
{"title":"Efficiency, Stability, and Productivity on Indonesian Islamic Insurance Industry","authors":"None Solihah Sari Rahayu, None Abrista Devi","doi":"10.58968/isf.v3i1.237","DOIUrl":"https://doi.org/10.58968/isf.v3i1.237","url":null,"abstract":"This study attempts to analyze the productivity level of Takaful industry in Indonesia, both in terms of changes of its efficiency and also its technological. There are two things that are calculated in Malmquist index measurement that is catch-up effect and frontier shift effect. Findings from the results are very interesting. The average value of the overall efficiency of Takaful industry in Indonesia is relatively medium at 77.8%, while the mean standard deviation is 0.17. This indicates the enough good performance of Takaful industry in Indonesia. In general, there has been an increase in the level of productivity of Takaful institutions in Indonesia in the period 2016 to 2018, even though its very small. The increase in productivity growth (1.076) of Takaful institutions in Indonesia is generally caused by technological change (1.078) instead of changes in efficiency (0.998). Thus the service of Takaful institutions is needed which is more innovative in relation to the development of technology in the future. 
","PeriodicalId":399105,"journal":{"name":"Islamic Social Finance","volume":"13 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134972977","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This research aims to measure the efficiency of zakat amil institutions in Indonesia using the Data Envelopment Analysis (DEA) method for the 2016-2022 research period. The research objects used were 21 zakat institutions in Indonesia. The data from this research comes from the annual financial reports of each institution for the 2016-2022 period. The input variables in this research are employee costs, operational costs and total assets. And the output variable is the collection and distribution of zakat. The results of this research explain that during the 2016-2022 period, the level of efficiency of zakat institutions in Indonesia has a fluctuating trend from year to year and tends to increase. Based on the average efficiency score, it can be concluded that no zakat institution in Indonesia has reached the maximum level of efficiency. Furthermore, the Covid-19 pandemic has an impact on the efficiency level of Zakat Institutions. Then, the potential improvement analysis shows that the collection and distribution of zakat is the variable that causes the biggest inefficiency in zakat institutions. The results of the benchmarking analysis concluded that BMM and DD zakat institutions were the institutions with the most referrals.
{"title":"New Finding on Zakat Efficiency Measurement in Indonesia 2016-2022","authors":"None Mimma Maripatul Uula, None Nun Maziyyah","doi":"10.58968/isf.v3i1.235","DOIUrl":"https://doi.org/10.58968/isf.v3i1.235","url":null,"abstract":"This research aims to measure the efficiency of zakat amil institutions in Indonesia using the Data Envelopment Analysis (DEA) method for the 2016-2022 research period. The research objects used were 21 zakat institutions in Indonesia. The data from this research comes from the annual financial reports of each institution for the 2016-2022 period. The input variables in this research are employee costs, operational costs and total assets. And the output variable is the collection and distribution of zakat. The results of this research explain that during the 2016-2022 period, the level of efficiency of zakat institutions in Indonesia has a fluctuating trend from year to year and tends to increase. Based on the average efficiency score, it can be concluded that no zakat institution in Indonesia has reached the maximum level of efficiency. Furthermore, the Covid-19 pandemic has an impact on the efficiency level of Zakat Institutions. Then, the potential improvement analysis shows that the collection and distribution of zakat is the variable that causes the biggest inefficiency in zakat institutions. The results of the benchmarking analysis concluded that BMM and DD zakat institutions were the institutions with the most referrals.","PeriodicalId":399105,"journal":{"name":"Islamic Social Finance","volume":"14 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135971377","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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