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Fintech And the Determinants of Efficiency of Non-governmental Zakat Institutions in Nigeria

Zakat is compulsory on Muslims from wealth that is up to an amount to the recipients (al-Mustahiq) for socio-economic justice. Zakat is managed by government institutions in most Muslim countries. In Nigeria, however, not all zakat institutions are managed by government especially where Muslims are...

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Main Authors: El-Yakub, Tijjani, Abdul Rahim, Ahmad Khilmy
Format: Article
Language:English
Published: Lembaga Zakat Negeri Kedah 2023
Subjects:
HB Economic Theory
Online Access:https://repo.uum.edu.my/id/eprint/31313/1/IJZIP%2005%2001%202023%2001-12.pdf
https://repo.uum.edu.my/id/eprint/31313/
https://journal.zakatkedah.com.my/
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spelling my.uum.repo.313132024-08-29T10:22:43Z https://repo.uum.edu.my/id/eprint/31313/ Fintech And the Determinants of Efficiency of Non-governmental Zakat Institutions in Nigeria El-Yakub, Tijjani Abdul Rahim, Ahmad Khilmy HB Economic Theory Zakat is compulsory on Muslims from wealth that is up to an amount to the recipients (al-Mustahiq) for socio-economic justice. Zakat is managed by government institutions in most Muslim countries. In Nigeria, however, not all zakat institutions are managed by government especially where Muslims are not dominant. Such gap is filled by non-governmental zakat institutions (NZIs) making zakat administration more efficient. The intention of this paper is to examine the efficiency of NZIs in Nigeria. The data comprises a panel of six non-governmental zakat institutions in Nigeria in the period of 2015 to 2019. The use of Data Envelopment Analysis (DEA) in this study allowed us to differentiate between the three kinds of efficiency known as technical (TE), pure technical (PTE) and scale efficiency (SE) for efficiency improvement. From Tobit Regression, more analysis was carried out to explore the influence of Fintech and determinants of the efficiency of NZIs in Nigeria. The study found out that NZIs exhibited mean technical efficiency of 74.3% and scale inefficiency dominates the pure technical inefficiency effects in determining technical efficiency of NZIs. This indicates that there is need to pay more attention on technology to enhance efficiency of NZIs Lembaga Zakat Negeri Kedah 2023 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/31313/1/IJZIP%2005%2001%202023%2001-12.pdf El-Yakub, Tijjani and Abdul Rahim, Ahmad Khilmy (2023) Fintech And the Determinants of Efficiency of Non-governmental Zakat Institutions in Nigeria. International Journal of Zakat and Islamic Philanthropy, 5 (1). pp. 1-12. ISSN 2682-7530 https://journal.zakatkedah.com.my/
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutional Repository
url_provider http://repo.uum.edu.my/
language English
topic HB Economic Theory
spellingShingle HB Economic Theory
El-Yakub, Tijjani
Abdul Rahim, Ahmad Khilmy
Fintech And the Determinants of Efficiency of Non-governmental Zakat Institutions in Nigeria
description Zakat is compulsory on Muslims from wealth that is up to an amount to the recipients (al-Mustahiq) for socio-economic justice. Zakat is managed by government institutions in most Muslim countries. In Nigeria, however, not all zakat institutions are managed by government especially where Muslims are not dominant. Such gap is filled by non-governmental zakat institutions (NZIs) making zakat administration more efficient. The intention of this paper is to examine the efficiency of NZIs in Nigeria. The data comprises a panel of six non-governmental zakat institutions in Nigeria in the period of 2015 to 2019. The use of Data Envelopment Analysis (DEA) in this study allowed us to differentiate between the three kinds of efficiency known as technical (TE), pure technical (PTE) and scale efficiency (SE) for efficiency improvement. From Tobit Regression, more analysis was carried out to explore the influence of Fintech and determinants of the efficiency of NZIs in Nigeria. The study found out that NZIs exhibited mean technical efficiency of 74.3% and scale inefficiency dominates the pure technical inefficiency effects in determining technical efficiency of NZIs. This indicates that there is need to pay more attention on technology to enhance efficiency of NZIs
format Article
author El-Yakub, Tijjani
Abdul Rahim, Ahmad Khilmy
author_facet El-Yakub, Tijjani
Abdul Rahim, Ahmad Khilmy
author_sort El-Yakub, Tijjani
title Fintech And the Determinants of Efficiency of Non-governmental Zakat Institutions in Nigeria
title_short Fintech And the Determinants of Efficiency of Non-governmental Zakat Institutions in Nigeria
title_full Fintech And the Determinants of Efficiency of Non-governmental Zakat Institutions in Nigeria
title_fullStr Fintech And the Determinants of Efficiency of Non-governmental Zakat Institutions in Nigeria
title_full_unstemmed Fintech And the Determinants of Efficiency of Non-governmental Zakat Institutions in Nigeria
title_sort fintech and the determinants of efficiency of non-governmental zakat institutions in nigeria
publisher Lembaga Zakat Negeri Kedah
publishDate 2023
url https://repo.uum.edu.my/id/eprint/31313/1/IJZIP%2005%2001%202023%2001-12.pdf
https://repo.uum.edu.my/id/eprint/31313/
https://journal.zakatkedah.com.my/
_version_ 1809150993142644736
score 13.211869

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