Al-Iqtishad : Jurnal Ilmu Ekonomi Syariah (Journal of Islamic Economics)
Vol 12, No 1 (2020)

The Measurement of Social Value Impact of Ziswaf Using Social Return on Investment Model at Smart Ekselensia Indonesia

Achmad Ichsan Nusapati (Sekolah Tinggi Ekonomi Islam SEBI (STEI SEBI))
Efri Syamsul Bahri (Sekolah Tinggi Ekonomi Islam SEBI (STEI SEBI))
Ai Nur Bayinah (Sekolah Tinggi Ekonomi Islam SEBI (STEI SEBI))



Article Info

Publish Date
30 Jun 2020

Abstract

This study aims to measure the social value of the impact of Zakat, Charity/Shodaqoh, and Waqf (ZISWAF) produced by SMART Ekselensia Indonesia using Social Return on Investment (SROI). This study uses quantitative methods with a Social Return on Investment (SROI) measurement model. SROI measurement results show 32: 1. This can be interpreted that every IDR1 invested, it generates a social value of IDR32, which benefits are received by students and the community around SMART Ekselensia Indonesia. It also shows that SMART Ekselensia Indonesia has succeeded in creating social impacts that bring benefits to students and the surrounding community. The authenticity of this study is in the measurement of the impact of Zakat on mustahiq beneficiaries. A unique aspect of this study is the use of a social value measurement model of the impact of Zakat using the SROI approach.   

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Journal Info

Abbrev

iqtishad

Publisher

Subject

Religion Economics, Econometrics & Finance Social Sciences

Description

This journal focused on Islamic law on economics and finance studies and present developments through the publication of articles. Specifically, the journal will deal with topics, including but not limited to Islamic law on Islamic Banking, Islamic Marketing, Islamic Human Resources, Islamic ...