The Bank of Alm (Zakat): Ideas, Structure, and the Implementation of the Integrated Alm Management

Abstract

Managing charity is not easy. Difficulty in managing zakat charity is caused  by the complexity of issues such as political, theoretical, juridical, and even sociological issues. Indonesia as the largest muslim country in the world, experiencing difficulty in managing those social funds of the religious potential.

One of the alternative solutions of effective and efficient alm (zakat) management is through integrated alm (zakat) management institutions. The institution of unified of integrated management of zakat which effective, efficient and accountable is the Islamic banking institutions through which has two main functions, namely as intermediary funding of the business profit and as a religious social intermediary institutions or charity fund institution such as alm (zakat) the specialty of the function of Islamic banking as intermediary of social fund (religious) such as the alm (zakat) is the rational basis of the formation of the charity or alm bank.

The bank of alm is formed based on philosophical aspect that alm (zakat) as the religious economic instrument realizes the justice of alm economy based on the principles of maqasid al-syaria (the goals of Islamic law) which ensure the maintenance of religion is zakat, gguaranteed circulation of zakat and the safety of the receiver of the alm.  The bank of alms (zakat) is formed based on juridical aspect that the implementation of the alm should be integrated based on the regulation to ensure legal certainty in managing the Alm. An integrated legal certainty puts the position of the basis of social finance intermediation and social enterprise in the regulation of sharia finance which is harmoniously related to the legislation of OJK, BPK, PPATK, KPK and Income tax. The bank of alm (zakat) is formed based on the sociological aspects that the implementation of the alm (zakat) system is built based on the the principle of trust. The bank of alm (zakat) as a special bank managing alm (zakat) as a trust fund, puts the the trust fund as the trust of the givers that should be handed over and be used in accord with the Sharia that based on donation to those who have the rights to receive it.

Keywords: The Bank of Alm (Zakat), Integrated Alm Management.