Management control system in asnaf entrepreneurship development program by Lembaga Zakat Selangor
Lembaga Zakat Selangor (LZS) has been corporatized and governed as a corporate entity. For good corporate governance, LZS implements a management control system (MCS) in one of its zakat distribution program known as Asnaf Entrepreneurship Development Program (AEDP). The objective of study is to...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Penerbit Universiti Kebangsaan Malaysia
2018
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| Online Access: | http://journalarticle.ukm.my/20396/1/16196-102245-1-PB.pdf http://journalarticle.ukm.my/20396/ https://ejournal.ukm.my/pengurusan/issue/view/1131 |
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| Summary: | Lembaga Zakat Selangor (LZS) has been corporatized and governed as a corporate entity. For good corporate
governance, LZS implements a management control system (MCS) in one of its zakat distribution program known as
Asnaf Entrepreneurship Development Program (AEDP). The objective of study is to explain the elements/dimensions
of MCS in AEDP by referring to Levers of Control (LOC) as a framework. The LOC with four control mechanisms namely
belief, boundary, interactive and diagnostic is commonly known, preferable and applied framework for MCS research
and adopted by many worldwide corporations. A total of eight interviews were carried out; three with LZS officers and
five with zakat beneficiaries. Data were audio recorded, transcribed verbatim and analysed in qualitative approach.
It was found that the controls available in LZS can be matched against four control mechanisms in LOC. Despite
that all the four control mechanisms are placed in MCS, they have yet to be documented in LZS Standard Operating
Procedure (SOP). Formal documentation may impetus confidence amongst zakat payers and Muslims as a whole that
the funds are efficiently managed and properly governed for the best interest of beneficiaries apart from being source
of references to other zakat institutions. |
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