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Optimization of Zakat Collection Through Fintech: Study on Millennials Intention to Pay Zakat Through Fintech
Farokhah Muzayinatun Niswah*, Faizatu Almas Hadyantari, Syifa Habibah

School of Strategic and Global Studies, University of Indonesia
Jalan Salemba Raya IV, RW.5, Kenari, Senen, Jakarta Pusat, Daerah Khusus Ibukota Jakarta 10430, Indonesia
*faroh.blue[at]gmail.com


Abstract

Many studies have shown that zakat is one of the effective media for poverty alleviation and media of community empowerment. But there are still many obstacles in zakat collection, even though Indonesia has a large potential of zakah, in 2010 it reached IDR 106.6 trillion (1.7% of GDP in 2010). The use of fintech (financial technology) can be the way to optimize zakat collection in Indonesia. The benefits and conveniences offered by fintech can attract the millennials who tend to not be separated from their mobile phones. The purpose of this research is to determine millennial intention to pay zakat through fintech. Technology of Acceptance Model (TAM) is used as the theoretical basis in this study. Data collection was done through questionnaires and analyzed using Partial Least Square (PLS). The results show that perceived ease of use, perceived usefulness, and trust become the factors influence millennials to pay zakat through fintech. This research is beneficial for zakat institutions in Indonesia to be able to improve their fintech platforms so that zakat collection can be optimized.

Keywords: Zakat collection; Fintech; Technology of Acceptance Model

Topic: International Conference on Islamic Studies in the Digital Era

Link: https://ifory.id/abstract/yUjuVLnvxCe3

Conference: The 3rd International Conference on Sustainability and Innovation (ICoSI 2019)

Plain Format | Corresponding Author (Farokhah Muzayinatun Niswah)

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