Article Per Year (5 Year)
p-Index From 2021 - 2026
0.23
P-Index
This Author published in this journals
All Journal El-Qist : Journal of Islamic Economics and Business (JIEB)
Fuhairah, Muhammad Tiar Fuhairah
Unknown Affiliation
Economics, Econometrics & Finance Library & Information Science Social Sciences

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

Found 1 Documents
Search

 1 
Opportunities for the Application of Zakat as a Deduction for Individual Taxable Income as an Alternative Fiscal Policy in Indonesia Fuhairah, Muhammad Tiar Fuhairah; Herianingrum, Sri
El-Qist: Journal of Islamic Economics and Business (JIEB) Vol. 14 No. 1 (2024): April
Publisher : Islamic Economics Department, Faculty of Islamic Economics and Business, Sunan Ampel State Islamic University, Surabaya Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15642/elqist.2024.14.1.82-96

Abstract

This study aims to explore the feasibility of implementing zakat as a deductible component from individual taxable income, proposing it as an alternative fiscal policy for Indonesia. Employing a qualitative descriptive method with a library research approach, this research analyzes regulatory frameworks, fiscal policies, and zakat potential in Indonesia. The findings reveal that Indonesia's substantial Muslim population—87.02%—combined with the consistent 30.02% annual growth in zakat collection, presents a significant opportunity to institutionalize zakat as part of the national fiscal framework. Integrating zakat into the tax system could alleviate the dual financial burden on Muslim taxpayers while simultaneously enhancing fiscal equity and social welfare. The specific contribution of this research to the international discourse lies in offering a practical model for harmonizing religious financial obligations with modern taxation systems in Muslim-majority countries. It provides empirical insights and policy recommendations applicable to other nations seeking to leverage faith-based financial instruments within formal fiscal systems.
Co-Authors Sri Herianingrum