THE MUSTAHIQ EMPOWERMENT MODEL: A COLLABORATION BETWEEN SHARIA BANK AND OPZ IN OPTIMIZING ZAKAT FUNDS

Purpose of the study: To find a Zakat fund management scheme based on sharia banking for sustainable mustahiq empowerment. Methodology: This research is qualitative research using grounded theory method. Main Findings: Zakat funds collected are used as collaterals for deposits for the development of mustahiq businesses. The profit sharing ratio from the deposits will reduce the mustahiq installment expense. While deposit guarantees will make mustahik get financing easily from Islamic banking. Applications of this study: The research findings can be used in studies on productive zakat, philanthropic studies and the development of Islamic banking. Novelty/ Originality of this study: With this model, mustahik which is not bankable will receive financing for business development. On the other hand, mustahik will get payments in installments so that it will ease the burden