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Community Views About Zakat on Cryptocurrencies Nor Paizin, Muhsin
Al Qalam: Jurnal Ilmiah Keagamaan dan Kemasyarakatan Al Qalam Vol. 15, No. 2, Juli-Desember 2021
Publisher : Sekolah Tinggi Ilmu Al-Qur'an (STIQ) Amuntai Kalimantan Selatan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35931/aq.v15i2.724

Abstract

The cryptocurrency industry has exploded, with an increasing number of individuals investing in digital assets — even Malaysians who adhere to Shariah financial norms. The surge in Islamic faith members' involvement in cryptocurrencies such as Bitcoin and Ethereum has given birth to Zakat payments. Zakat is the third pillar of Islam, and it compels Muslims to make charitable contributions if they have sufficient means. The major considerations to explore are whether zakat is required on cryptocurrency investments and how the community sees zakat on cryptocurrencies. As a result, this paper will investigate the prospect of cryptocurrencies as a digital assets being a new source of revenue for zakat from an Islamic perspective by acquiring appropriate rulings (fatwas) and then investigating community attitudes on zakat on cryptocurrency.
The Concept of Application of Integrity Values in The Management of Zakat Institutions Nor Paizin, Muhsin
International Journal of Business, Technology and Organizational Behavior (IJBTOB) Vol. 1 No. 6 (2021): International Journal of Business, Technology, and Organizational Behavior (IJB
Publisher : Garuda Prestasi Nusantara Consulting

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52218/ijbtob.v1i6.149

Abstract

The purpose of this paper is to explore and provide insights to see how the value of integrity can be applied among zakat institutions so that zakat officers can perform their duties honestly and sincerely only because of Allah SWT. This research also tries to suggest improve the existing zakat management system so that it is more efficient and systematic, and to make the zakat institution as a place to produce employees who uphold the noble values among the local community. This research adopts qualitative research approach using the holy Al-Qur’an as a primary source and hadith of the Rasulullah SAW supported by the anecdotes of his companions as a secondary source and prior literature. While performing the duties entrusted to him or her, whether while holding a position in the government service, private, statutory body or self-employed, many challenges will be faced especially those involving integrity. Therefore, in order to address these challenges, it is definitely necessary to know and recognize the characteristics of reprehensible mazmumah which is a stumbling block to the implementation of integrity.