Indonesia Conference Directory

The forms of fiscal economic instruments that form the basis of Islamic state buildings are zakat, infaq, and sadaqah (ZIS). Through the public financial institution which was then named Baitulmal, ZIS became one of the pillars of state finance. This modernization of technology will make the opportunity for ZIS Islamic philanthropy instruments to develop in Indonesia. As the theory of change of generation, that each generation has different characteristics. For Z generation, technology that is all sophisticated, practical and fast is no stranger. One characteristic of the millennial era is the emergence of various financial access facilities such as digital money. Digital money has a dual meaning that can refer to virtual money (cryptocurrency) and electronic money (E-Money). To carry out the role of ZIS as an Islamic philanthropic instrument in the millennial era, there is a need for cooperation between the National Zakat Agency (BAZNAS) and the Amil Zakat Institution (LAZ) as an official institution to collect and distribute zakat funds in Indonesia with electronic money publishers. With the system and facilities found in e-money, the Z generation as the main e-money users can easily channel their zakat, infaq and charity funds. However, this does not reduce the traditional role of zakat withdrawal that has been applied. specifically for virtual money, Islam prohibits use because there are gharar, maisyir, and usury elements in cryptocurrency products. BI, as central banks in Indonesia have also banned the use of virtual money.