KERANGKA MODEL ASNAFPRENUER MELALUI DANA ZAKAT DALAM BENTUK PEMBIAYAAN MIKRO DI INSTITUSI ZAKAT KORPORAT

Abstract

The corporatisation of zakat institutions in Malaysia has caused a change in the zakat management system. This change can be seen through the method of zakat collection, the total amount of zakat collection and the method of zakat distribution to the asnaf itself. To help the poor groups and get out of poverty group, zakat institutions that have been corporatized step forward by introducing micro-credit zakat distribution to the asnaf group. This is the innovation of the distribution in the age of Fintech (financial technology) to ensure that zakat distribution is always relevant to the development of the times. This study examines the implementation of microcredit financing by zakat institutions that have been corporatized to asnaf entrepreneurs involving the Lembaga Zakat Selangor (LZS) and Baitulmal of the Federal Territory Islamic Religious Council (MAIWP). The results of the study show that there is a difference in the allocation of zakat distribution through microcredit financing to eligible asnaf. In addition, this study also suggests the development of a microcredit financing model for this asnaf. This study uses field and library research. The innovation of zakat distribution in Malaysia can contribute to improving the small-scale economy in the Muslim community by stimulating a business culture among asnaf.