Innovative Approaches to Managing Zakat Within the Context of Sustainable Development and Societal Well-Being in Indonesia

Muda, Endar and Syafrinaldi, Syafrinaldi and Thalib, Abd (2024) Innovative Approaches to Managing Zakat Within the Context of Sustainable Development and Societal Well-Being in Indonesia. European Journal of Studies in Management and Business. pp. 74-89.

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Abstract

he objective of this research is to investigate and assess innovative approaches to managing Zakat within the context of sustainable development and societal well-being in Indonesia. Given the multifaceted challenges confronting Indonesian society, Zakat holds tremendous potential as a tool for fostering sustainable development and enhancing social welfare. This research employs a literature review to examine pioneering practices in Zakat management within Indonesia. Information gathered from diverse sources, including research papers, scholarly publications, and case studies, will be utilized to analyze various successful models of Zakat management implemented in the country. The findings of this study aim to shed light on effective innovations in Zakat management that contribute to achieving sustainable development and augmenting social welfare in Indonesia. Moreover, the research will identify critical factors that facilitate the successful implementation of innovative Zakat management strategies, while also evaluating the resulting social and economic ramifications. It is anticipated that the outcomes of this study will furnish pertinent policy recommendations for the government, Zakat management institutions, and the general populace, aimed at enhancing the efficacy of Zakat management for sustainable development and the advancement of social welfare in Indonesia. Furthermore, this research endeavor seeks to foster a deeper comprehension of Zakat’s potential as a substantial funding source to fortify key sectors in propelling inclusive economic growth and fostering social equity within Indonesia.

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