Zazli, Zainuddin
(1998)
THE MANAGEMENT OF FUNDS OF ZAKAT, SADAQAT AND AWQAF AND THEIR CONTRIBUTIONS TOWARD MUSLIM EDUCATIONAL PURPOSES IN MALAYSIA.
Masters thesis, International Islamic University Malaysia.
Abstract
This study is concerned with investigating the use of sources of funds of zakat, sadaqat and awqaf towards financing Muslim education and investing these funds in a lawful and Islamically permitted projects that could generate income. It examines (a) the role of these charities as sources of financing Muslim educational activities in Malaysia, (b) the investment policies and practices of the Baitulmal (c) the modern management practices that they employ and, (d) the possibility of improvement in their management systems.
The study is based upon data collected through the distribution of questionnaire to a randomly selected sample of middle managers of Baitulmal. However, it also benefited from secondary data especially the Baitulmal Annual Reports from 1991 to 1996. The instrument used was a self-constructed 'Liken —Scale' questionnaire which, measured the perception of middle managers of the respective Baitulmal toward its management practices. The findings indicated that the five Baitulmals under study: (1) depended largely on the contributions of zakat funds which had increased from time to time even though on irregular basis; (2) allocated a handsome amounts of funds of zakat, sadaqat and awqaf to finance the education of Muslims in Malaysia; (3) were not actively involved in investment activities even though it was realized that the returns could be good sources of income to the Baitulmal; (4) did not, by and large, adopt management concepts and principles such as organizing, leading and controlling but only employed one out of four management practices i.e. planning in their daily running of the organization.
Based on these findings the study makes the following recommendations; (1) to coordinate and centralize the management of fourteen Baitulmals in Malaysia; (2) to be actively involved in lawful and permitted investment activities; (3) to widen the function of Baitulmals i.e. to help the socio-economic development of the Muslims in Malaysia; (4) to employ modern management practices effectively and efficiently.
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