Suchergebnisse

Sukuk is an element of Islamic Finance Instrument which increased rapidly by over the years. Nowadays, in another country is doing something to made inovation with sukuk instrument by get benefit of capital or fundraising for development fund of non-financial institutions such as waqf asset.Hence, this paper attempts to Introduce,Understand, and Purpose the Contract, Scheme and Underlying Asset Sukuk-Awqaf Based in Malaysia, Singapore and Indonesia.The results of this research showed that schemes and contracts in Malaysia, Singapore and Indonesiais varied according to the governance system in each different country.Underlying Asset on tosukuk-waqf based in each country is a waqf asset with different type of waqf and management according to government authority in developing waqf asset.

National Amil Zakat Agency (BAZNAS) as the official amil management body owned by the government has the duty to collect, manage, and distribute zakat on a national scale. BAZNAS itself still has the potential for the collection of zakat that continues to grow, given the accumulation of muzakki funds conducted by BAZNAS is only 1% of GDP (Gross Domestic Product) of Indonesia. The potential possessed by BAZNAS is still constrained by conditions that hinder the process of collecting zakat, so it is necessary to optimize the collection of zakat. One way to optimize BAZNAS performance is to measure its efficiency. Therefore, the purpose of this study is to analyze the efficiency of BAZNAS financial performance. The method used is the Data Envelopment Analysis (DEA) method with the assumption of Constant Return Scale (CRS) and Variable Return Scale (VRS). The measurement of efficiency is processed through the Banxia Frontier Analyst 4.0 software. The BAZNAS research observation period was five years, starting from 2013 to 2017. The research variables used included pooled funds, fixed assets, managed assets, and salary 'amiline as input variables and channeled funds and operational costs as output variables. The results showed that BAZNAS during the period 2013 to 2017 had reached an efficient value of 100 percent. This is evidenced from the actual value that has reached the target value.