Mohamed A. Ismail, Sherif
Unknown Affiliation

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

Unveiling the Power of Good Corporate Governance: The Key to Effective Zakat Administration Keumala Ulfah, Almira; Razali, Ramadhan; Mohamed A. Ismail, Sherif
Filantropi : Jurnal Manajemen Zakat dan Wakaf Vol. 6 No. 1 (2025): Filantropi
Publisher : Program Studi Manajemen Zakat dan Wakaf

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22515/finalmazawa.v6i1.10104

Abstract

This study aims to comprehensively analyze the implementation of Good Corporate Governance (GCG) in zakat administration to enhance transparency, accountability, and efficiency. As a country with a majority Muslim population, Indonesia has vast zakat potential, requiring professional management by zakat institutions. This research employs a qualitative methodology with a grounded theory approach to understand the complexities of zakat governance from a contextual perspective. The findings indicate that implementing GCG principles such as transparency, accountability, trustworthiness, responsibility, and fairnessis crucial for optimizing zakat management. Proper governance ensures that zakat institutions fulfill their obligations to both zakat payers (muzakki) and beneficiaries (mustahik). However, challenges such as weak supervision systems and potential misuse of zakat funds necessitate a structured governance framework. Thus, effective zakat administration should not rely solely on goodwill but must be supported by strong governance mechanisms to maximize social and economic impact.