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Zakat management innovation: Wakalah contract for cash flow stabilization Muqorobin, Ahmad; Hubur, Aa; Budiman, Alwan Rifqi; Hidayah, Akmal; Yahuza, Bello Sani
Asian Journal of Islamic Management (AJIM) VOLUME 7 ISSUE 2, 2025
Publisher : Faculty of Business & Economics, Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/AJIM.vol7.iss2.art7

Abstract

Purpose – Zakat institutions (ZIs) face managerial inefficiencies to the extreme seasonality of zakat fitr collection, which restricts distribution to short-term consumptive aid. This study analyzes LAZISMU's "year-round zakat fitr" program implementation at LAZISMU Ponorogo, East Java, as a fiqh-management innovation designed to address this operational challenge by harmonizing Sharia compliance with financial sustainability.Methodology – A qualitative, single-case study design was employed. Data were collected through in-depth interviews with LAZISMU management and Sharia experts, supplemented by analyses of institutional documents and fiqh rulings. An interactive qualitative model was used to examine the legal foundations and managerial implications of the program.Findings – This study finds that Sharia compliance is achieved through the wakalah contract rather than ta'jil (early payment). This legal framework allows for the temporal separation of fund collection from disbursements. Consequently, the institution successfully transforms its cash flow into a stable, continuous flow from a volatile seasonal lump sum, thereby resolving critical operational bottlenecks.Implications – The fiqh-management model enhances strategic planning and operational efficiency. By stabilizing cash flow, ZIs can shift their distribution strategy from purely reactive and consumptive to proactive, enabling the integration of zakat fitr funds into long-term productive empowerment programs without violating Sharia constraints.Originality – Unlike previous studies that predominantly focus on the distributional aspects of wakalah, this study offers a novel analysis of the wakalah contract as a strategic cash flow-smoothing tool in the zakat administration. It bridges classical Islamic jurisprudence with modern corporate finance theory and provides a replicable model for Islamic social finance institutions to overcome operational seasonality.
Reconstructing Islamic Agricultural Financing Regulations: A Socio-Legal Study using Soft Systems Methodology Muqorobin, Ahmad; Etica, Use; Rodliyah, Nunung; Hidayah, Akmal; Ab Razak, Mohamed Rashid
Fiat Justisia: Jurnal Ilmu Hukum Vol. 20 No. 1 (2026)
Publisher : Universitas Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25041/fiatjustisia.v20no1.4722

Abstract

Despite its constitutional role in supporting food sovereignty, Banyuwangi’s agricultural sector remains excluded from formal Islamic finance due to a regulatory gap between rigid banking standards and agricultural risk. This study identifies a Proximity Paradox, in which Islamic banks are structurally disincentivized from financing smallholders. Using Soft Systems Methodology (SSM) as a socio legal approach and drawing on empirical data from farmers, Islamic banks, and Bayt al-Māl wa al-Tamwīl (BMTs), the research formulates an Agricultural Financing Regulatory Model. The model recommends policy reform by the Financial Services Authority (Otoritas Jasa Keuangan, OJK) and the National Sharia Council (Dewan Syariah Nasional–Majelis Ulama Indonesia, DSN-MUI), including hybrid value chain contracts, mandatory agricultural takaful, and a formal Bank–BMT linkage scheme, to align banking compliance with agricultural realities and promote distributive justice (‘adl).
Partnership Cooperation Models in Fiqh Muamalah: A Case Study of Kencana Mulia Sejahtera Cooperative in Ngawi Imam, Imam kamaluddin; Muqorobin, Ahmad; Eko, Eko Nur Cahyo; Daniswara, Aliyya Lathifa Daniswara
Islamic Economics Journal Vol. 11 No. 01 (2025): Islamic Economics Journal
Publisher : Faculty of Economics and Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/iej.v11i01.8

Abstract

This study aims to analyse the partnership pattern applied by Kencana Mulia Sejahtera Cooperative in Ngawi in the perspective of fiqh muamalah. This cooperative focuses on a form of cooperation between cooperatives and their members, aiming to increase coffee production and sales. Using a descriptive qualitative approach, data were collected through in-depth interviews, field observations, and documentation, then processed through data reduction, data display, and conclusion drawing. The findings show that the partnership implemented by Kencana Mulia Sejahtera Cooperative and its members follows two partnership patterns. When examined through the lens of fiqh muamalah, these partnership patterns align with syirkah ‘inan and mudharabah. The profit-sharing mechanism is based on each party’s contribution, with risks shared proportionally. The analysis shows that the partnership reflects syirkah ‘inan, where both contribute capital and share profits, and mudharabah, where the cooperative manages farmers’ capital for marketing. This structured cooperation mechanism has strengthened the economic position of farmers by ensuring fair distribution, price stability, and access to a broader market. Further research is recommended to refine the implementation of this partnership model in other agribusiness sectors and improve its operational efficiency.