Journal of Enterprise and Development (JED)
Vol. 5 No. 3 (2023): Journal of Enterprise and Development (JED)

Blockchain zakat in zakat management organizations, is it necessary?

Ikhsan, Nurul (Unknown)



Article Info

Publish Date
30 Sep 2023

Abstract

Purpose — This paper aims to analyze whether zakat management organizations need a blockchain zakat system in maintaining transparency of zakat management which can have an impact on increasing the amount of donations collected from muzakki.Method — This research is a qualitative research conducted with descriptive-analytic method through literature study.Result — Zakat management organizations have a duty to ensure transparent management of the funds they collect as public institutions, and therefore must be trustworthy. By adopting a blockchain-based zakat system, these organizations can enjoy various advantages such as trustlessness, immutability, decentralization, lower costs, peer-to-peer transactions, transparency, and universal banking. This technology can also help address existing issues within zakat institutions.Contribution — This study contributes to the existing literature on blockchain-based zakat system which is still rarely to be discussed.

Copyrights © 2023






Journal Info

Abbrev

jed

Publisher

Subject

Economics, Econometrics & Finance

Description

The Journal of Enterprise and Development (JED) is published by the Faculty of Islamic Economics and Business, Mataram Islamic State University. The scope of JED includes tourism, finance, economics, business and entrepreneurship. JED focuses on theoretical and applied research from all fields in ...