Economic Approaches of Zakat Management Institutions in Malaysia

This paper aims to identify the types of economic approaches, philosophies and economic theories used in the implementation of productive zakat in zakat institution in Malaysia. This study is a qualitative study using informantion from the field through zakat practitioners as well as secondary data from journal materials, reports, websites and books. This study used conventional content analysis to analyse data. The findings show that the form of economic approach applied is self-serving, collaborates between zakat institutions and smart cooperation approaches wit external agencies. The philosophy of economics is to use fishing rod and not the fish, an no economic theory is applied. Zakat institutions provide the programs through capital assistance, courses, training skills and equipment assistance.