Prestasi kecekapan pengurusan kewangan dan agihan zakat

perbandingan antara majlis agama islam negeri di Malaysia

Translated title of the contribution: Financial management and zakat distribution efficiency performance: A comparison among state islamic religious council in Malaysia

Hairunnizam Wahid, Sanep Ahmad, Mohd Ali Mohd Nor, Maryam Abd Rashid

Research output: Contribution to journalArticle

9 Citations (Scopus)

Abstract

A comparative study of the efficiency measurement in term of financial management of the State Islamic Religious Council (SIRC) with the performance of the financial and non-financial zakat distribution could open a debate to improve the quality of the institution's management. On the other hand the financial management of SIRC is also important to ensure that the institution could achieve the objectives that have been established. The negative impression of the society still exists in term of zakat distribution and it could affect the level of Muslim's confidence to perform their duties to pay zakat through the zakat institution. The inefficiencies of zakat distribution might be seen through the amount of surplus fund of zakat undistributed every year and the institution not able to distribute the zakat fund to the eighth asnaf as well as not distributed based on the priority of asnaf. The main issue here, is there any long run relationship between financial performance and zakat distribution's performance of SIRC. This study will categorize a financial performance in three (3) parts, namely liquidity, solvency and profitability; While the performance of the zakat distribution will be divided into two (2) parts, namely efficiency of zakat distribution from the financial point of view (surplus of zakat distribution annually) and the non-financial point of view (in term of asnaf priority). This study also examined the patterns of zakat distribution to asnaf by each SIRC every year. A secondary data comprised of several SIRC annual reports were analyzed starting from the year 2000 to 2013. This study analyzes five SIRC in Malaysia, namely MAIS and MAINPP that representing the corporatized zakat institution; MAIJ, MAIDAM and MUIS that representing the non-corporatized zakat institution. The findings reveal that the relationship between the performance of financial management and the performance of zakat distribution do exist. The study also found that the pattern of zakat distribution is different between the corporatized zakat institution and the non-corporatized zakat institution. Several suggestions and policy implications were also discussed in this study.

Original languageMalay
Pages (from-to)39-54
Number of pages16
JournalJurnal Ekonomi Malaysia
Volume51
Issue number2
Publication statusPublished - 1 Jan 2017

Fingerprint

Financial management
Malaysia
Financial performance
Surplus
Muslims
Comparative study
Long-run relationship
Secondary data
Policy implications
Efficiency measurement
Liquidity
Inefficiency
Annual reports
Solvency
Confidence
Profitability

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)

Cite this

Prestasi kecekapan pengurusan kewangan dan agihan zakat : perbandingan antara majlis agama islam negeri di Malaysia. / Wahid, Hairunnizam; Ahmad, Sanep; Nor, Mohd Ali Mohd; Rashid, Maryam Abd.

In: Jurnal Ekonomi Malaysia, Vol. 51, No. 2, 01.01.2017, p. 39-54.

Research output: Contribution to journalArticle

@article{cb2c0ff6b4f846a6a613ba3ac2c428be,
title = "Prestasi kecekapan pengurusan kewangan dan agihan zakat: perbandingan antara majlis agama islam negeri di Malaysia",
abstract = "A comparative study of the efficiency measurement in term of financial management of the State Islamic Religious Council (SIRC) with the performance of the financial and non-financial zakat distribution could open a debate to improve the quality of the institution's management. On the other hand the financial management of SIRC is also important to ensure that the institution could achieve the objectives that have been established. The negative impression of the society still exists in term of zakat distribution and it could affect the level of Muslim's confidence to perform their duties to pay zakat through the zakat institution. The inefficiencies of zakat distribution might be seen through the amount of surplus fund of zakat undistributed every year and the institution not able to distribute the zakat fund to the eighth asnaf as well as not distributed based on the priority of asnaf. The main issue here, is there any long run relationship between financial performance and zakat distribution's performance of SIRC. This study will categorize a financial performance in three (3) parts, namely liquidity, solvency and profitability; While the performance of the zakat distribution will be divided into two (2) parts, namely efficiency of zakat distribution from the financial point of view (surplus of zakat distribution annually) and the non-financial point of view (in term of asnaf priority). This study also examined the patterns of zakat distribution to asnaf by each SIRC every year. A secondary data comprised of several SIRC annual reports were analyzed starting from the year 2000 to 2013. This study analyzes five SIRC in Malaysia, namely MAIS and MAINPP that representing the corporatized zakat institution; MAIJ, MAIDAM and MUIS that representing the non-corporatized zakat institution. The findings reveal that the relationship between the performance of financial management and the performance of zakat distribution do exist. The study also found that the pattern of zakat distribution is different between the corporatized zakat institution and the non-corporatized zakat institution. Several suggestions and policy implications were also discussed in this study.",
keywords = "Financial management efficiency performance, State Islamic Religious Council, Zakat distribution efficiency",
author = "Hairunnizam Wahid and Sanep Ahmad and Nor, {Mohd Ali Mohd} and Rashid, {Maryam Abd}",
year = "2017",
month = "1",
day = "1",
language = "Malay",
volume = "51",
pages = "39--54",
journal = "Jurnal Ekonomi Malaysia",
issn = "0126-1962",
publisher = "Penerbit Universiti Kebangsaan Malaysia",
number = "2",

}

TY - JOUR

T1 - Prestasi kecekapan pengurusan kewangan dan agihan zakat

T2 - perbandingan antara majlis agama islam negeri di Malaysia

AU - Wahid, Hairunnizam

AU - Ahmad, Sanep

AU - Nor, Mohd Ali Mohd

AU - Rashid, Maryam Abd

PY - 2017/1/1

Y1 - 2017/1/1

N2 - A comparative study of the efficiency measurement in term of financial management of the State Islamic Religious Council (SIRC) with the performance of the financial and non-financial zakat distribution could open a debate to improve the quality of the institution's management. On the other hand the financial management of SIRC is also important to ensure that the institution could achieve the objectives that have been established. The negative impression of the society still exists in term of zakat distribution and it could affect the level of Muslim's confidence to perform their duties to pay zakat through the zakat institution. The inefficiencies of zakat distribution might be seen through the amount of surplus fund of zakat undistributed every year and the institution not able to distribute the zakat fund to the eighth asnaf as well as not distributed based on the priority of asnaf. The main issue here, is there any long run relationship between financial performance and zakat distribution's performance of SIRC. This study will categorize a financial performance in three (3) parts, namely liquidity, solvency and profitability; While the performance of the zakat distribution will be divided into two (2) parts, namely efficiency of zakat distribution from the financial point of view (surplus of zakat distribution annually) and the non-financial point of view (in term of asnaf priority). This study also examined the patterns of zakat distribution to asnaf by each SIRC every year. A secondary data comprised of several SIRC annual reports were analyzed starting from the year 2000 to 2013. This study analyzes five SIRC in Malaysia, namely MAIS and MAINPP that representing the corporatized zakat institution; MAIJ, MAIDAM and MUIS that representing the non-corporatized zakat institution. The findings reveal that the relationship between the performance of financial management and the performance of zakat distribution do exist. The study also found that the pattern of zakat distribution is different between the corporatized zakat institution and the non-corporatized zakat institution. Several suggestions and policy implications were also discussed in this study.

AB - A comparative study of the efficiency measurement in term of financial management of the State Islamic Religious Council (SIRC) with the performance of the financial and non-financial zakat distribution could open a debate to improve the quality of the institution's management. On the other hand the financial management of SIRC is also important to ensure that the institution could achieve the objectives that have been established. The negative impression of the society still exists in term of zakat distribution and it could affect the level of Muslim's confidence to perform their duties to pay zakat through the zakat institution. The inefficiencies of zakat distribution might be seen through the amount of surplus fund of zakat undistributed every year and the institution not able to distribute the zakat fund to the eighth asnaf as well as not distributed based on the priority of asnaf. The main issue here, is there any long run relationship between financial performance and zakat distribution's performance of SIRC. This study will categorize a financial performance in three (3) parts, namely liquidity, solvency and profitability; While the performance of the zakat distribution will be divided into two (2) parts, namely efficiency of zakat distribution from the financial point of view (surplus of zakat distribution annually) and the non-financial point of view (in term of asnaf priority). This study also examined the patterns of zakat distribution to asnaf by each SIRC every year. A secondary data comprised of several SIRC annual reports were analyzed starting from the year 2000 to 2013. This study analyzes five SIRC in Malaysia, namely MAIS and MAINPP that representing the corporatized zakat institution; MAIJ, MAIDAM and MUIS that representing the non-corporatized zakat institution. The findings reveal that the relationship between the performance of financial management and the performance of zakat distribution do exist. The study also found that the pattern of zakat distribution is different between the corporatized zakat institution and the non-corporatized zakat institution. Several suggestions and policy implications were also discussed in this study.

KW - Financial management efficiency performance

KW - State Islamic Religious Council

KW - Zakat distribution efficiency

UR - http://www.scopus.com/inward/record.url?scp=85042523942&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=85042523942&partnerID=8YFLogxK

M3 - Article

VL - 51

SP - 39

EP - 54

JO - Jurnal Ekonomi Malaysia

JF - Jurnal Ekonomi Malaysia

SN - 0126-1962

IS - 2

ER -