Course unit titles

The Economy of Zakat, Infaq, Alms, and Waqf

Course unit code

EKS610

Type of course unit (compulsory, optional)

Optional

Level of course units (according to

EQF: first cycle Bachelor, second cycle Master)

Master Program of Islamic Economics

Year of study when the course unit is delivered

(if applicable)

Second year

Semester/trimester when the course unit is delivered

3rd semester

Number of ECTS credits allocated

3 credits (4.8 ECTS)

Name of lecturer(s)
  1. Dr. Tika Widiastuti, SE., MSi (PJMK)
  2. Prof. Dr. Raditya Sukmana, SE., MA
  3. Dr. Sri Herianingrum, SE., MSi

Learning outcomes of the course unit

Students are able to understand the economic and management concepts of ZISWAQ, describe the basic concepts and philosophy of ZISWAQ's position, understand the concept of Zakat in Microeconomics, understand the concept of Zakat in Macroeconomics, understand the functions and management of zakat institutions: Collection and distribution, understand the functions and management of zakat institutions : Utilization of Zakat and Productive Zakat, understand the best practice of zakat management in various countries and Zakat Management Standards, understand the legal basis and history of waqf, understand the role of waqf management institutions, understand the concept of Productive Waqf, understand various Waqf innovations, understand best practices in waqf management in various states and Waqf Management Standards, understand the concept of istibdal Waqf, understand contemporary issues in the management of waqf assets.

Mode of delivery (face-to-face, distance learning)

face-to-face, distance learning

Prerequisites and co-requisites (if applicable)
  1. Introduction to Islamic Economics 
  2. Islamic Microeconomics 
  3. Islamic Macroeconomics

Course content

This course equips students to study the economics and management of Zakat, Infaq, Alms and Waqf (ZISWAF) in the context of macro, micro, and development economics. The topics taught in this course include ZISWAF in macro, micro, economic development, its position in Islamic financial institutions, and regulation and institutional management of ZISWAF.

Recommended or required

reading and other learning resources/tools

Main References:

1. Effective Zakat Management: Concepts and Practices in Several Countries, 2016, Bank Indonesia

2. Waqf and Effective Waqf Regulations, 2016, Bank Indonesia

3. Adiwarman Karim, 2007, Islamic Microeconomics, PT Raja Publishers. Grafindo Persada

4. Gazi Inayah, 2003, Comprehensive Theory of Zakat and Taxes, Tiara Wacana Publishing

5. Muhamad Abduh, 2009, Zakat Review of Jurisprudence and Modern Macroeconomics, Fath Publishing

6. Tika Widiastuti, et al, 2017, Zakat and Empowerment, Airlangga University Press 

7.Dr. Yusuf Qardhawi. 1999. Zakat Law. Mizan Publishing

8.Dr. Wahbah Al-Zuhaili. 2008. Zakat Study of Various Schools of Religion. Bandung: PT. Rosda Karya Teenager.

Regulations:

1. Zakat Law and its derivatives

2. Waqf Law and its derivatives

3. Zakat Core Principles

4. Waqf Core Principles

5. Good Corporate Governance

Reports:

1. Zakat Outlook, BAZNAS

Supported Journals:

1. Tika Widiastuti, Ilmiawan Auwalin , Lina Nugraha Rani & Muhammad Ubaidillah Al Mustofa | (2021) A mediating effect of business growth on zakat empowerment program and mustahiq's welfare, Cogent Business & Management, 8:1, 1882039, DOI: 10.1080/23311975.2021.1882039  

2. Widiastuti, T., Cahyono, EF, Zulaikha, S., Mawardi, I. and Al Mustofa, MU (2021), "Optimizing zakat governance in East Java using analytical network process (ANP): the role of zakat technology ( ZakaTech)", Journal of Islamic Accounting and Business Research, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/JIABR-09-2020-0307

Planned learning activities and teaching methods

Classical Lectures and Discussions

Language of instructions

English

Assessment methods and criteria

Portfolio and Showcase