Entrepreneurship model in Zakat Institution of Muhammadiyah: case study in Lazismu Yogyakarta Province

• Main Authors: Sutrisno, Sutrisno, Haron, Razali, Syarif, As’ad
• Format: Conference or Workshop Item
• Language: English
• Published: Atlantis Press 2021
• Subjects: HG Finance; HG3368 Islamic Banking and Finance
• Online Access: http://irep.iium.edu.my/89272/1/89272_Entrepreneurship%20model%20in%20Zakat%20Institution%20of%20Muhammadiyah.pdf; http://irep.iium.edu.my/89272/; https://www.atlantis-press.com/proceedings/icosihess-20/125951377; https://doi.org/10.2991/assehr.k.210120.098
• Institution: Universiti Islam Antarabangsa Malaysia

This study aimed to explore in-depth the role of zakat institutions in poverty alleviation by distributing zakat funds in various programs, particularly through economic empowerment. This research is focused on Entrepreneurship Economic Development in Lazismu, Yogyakarta Province. Furthermore, this paper examined how to develop a zakat distribution model through entrepreneurship models and increase the welfare of zakat recipients. This research uses qualitative analysis to explore the role of the Zakat Institution in entrepreneurship development. Meanwhile, to determine the development of the material and spiritual well-being of zakat recipients was by using the CIBEST model developed by Beik & Arsyianti, 2015. The result of this research is that the entrepreneurship development carried out by Lazismu DIY is channeled by providing business capital to zakat recipients with various types of businesses. Furthermore, the provision of business capital that is carried out has a positive impact on improving the business and skills of zakat recipients. In addition to this, after measuring using the CIBEST model, it is concluded that zakat recipients with the entrepreneurial model developed by Lazismu DIY have increased materially and spiritually.