Shirkah: Journal of Economics and Business
Vol 7, No 2 (2022)

Practical Implication of Zakat in Socio-economic Empowerment during the COVID-19 Pandemic

Meliana Eka Puji Lestari (Universitas Muhammadiyah Magelang & Islamic Philanthropy Development Studi Center (IPDSC))
Cenny Sanita Febiyanti (Universitas Muhammadiyah Magelang & Islamic Philanthropy Development Studi Center (IPDSC))
Muhammad Riyal Abdul Rohman (Universitas Muhammadiyah Magelang & Islamic Philanthropy Development Studi Center (IPDSC))
Fella Shasmita Hani Annisaa’ (Universitas Muhammadiyah Magelang & Islamic Philanthropy Development Studi Center (IPDSC))
Adilnia Fifi Susanti (Universitas Muhammadiyah Magelang & Islamic Philanthropy Development Studi Center (IPDSC))
Fahmi Medias (Universitas Muhammadiyah Magelang & Islamic Philanthropy Development Studi Center (IPDSC))



Article Info

Publish Date
09 Sep 2022

Abstract

The extent to which zakat has contributed to and been implicated in the socio-economic empowerment of Muslim countries has not been the subject of a literature review. This study analyzes the practical implications of zakat in the OIC countries during the COVID-19 pandemic from the existing literature. Data were obtained from Harzing's Publish or Perish to analyze the role of zakat involvement in the socio-economic community in OIC countries from 2019 to 2021. 31 scholarly studies on the topics of economics, health, and education illustrate the economic implications of zakat. The discussion on the implications of zakat includes poverty reduction, economic empowerment, and MSMEs improvement. Zakat helps to fund community health care. Zakat provides educational scholarships, and school infrastructure, and enhances the feasibility of school arrangements. This study could assist the government to recognize the importance of zakat for socioeconomic empowerment and help policymakers develop strategic strategies to increase zakat participation, particularly in Muslim countries.

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Journal Info

Abbrev

home

Publisher

Subject

Economics, Econometrics & Finance

Description

Syirkah: Jurnal Ekonomi dan Bisnis adalah jurnal peer-review yang diterbitkan tiga kali setahun (April, Agustus, dan Desember) oleh Fakultas Ekonomi Islam dan Bisnis Institut Agama Islam Negeri (IAIN) Surakarta Jawa Tengah Indonesia bekerja sama dengan Perhimpunan Indonesia Ekonom Islam (lihat ...