Feasibility of Central Bank digital currency for blockchain-based zakat in Indonesia

• Main Authors: Zulkifri, Zulkifri, Adam Sa'ad, Auwal, Salina, Kassim, Anwar Hasan, Abdullah Othman
• Other Authors: Bahaaeddin, Alareeni
• Format: Conference or Workshop Item
• Language: English; English
• Published: Springer 2022
• Subjects: BPC Science and Technology in Islam; BPH Islamic Economics; BPH104 Islam and poverty; BPH531 Zakat
• Online Access: http://irep.iium.edu.my/98936/1/98936_Feasibility%20of%20Central%20Bank%20digital.pdf; http://irep.iium.edu.my/98936/7/98936_Feasibility%20of%20Central%20Bank%20digital_Scopus.pdf; http://irep.iium.edu.my/98936/; https://link.springer.com/chapter/10.1007/978-3-031-08090-6_23

Distrust to zakat institutions is one of the causes zakat funds not reaching the potential amount in Indonesia. Blockchain technology, with its capability of tracing, can provide transparency information. The Blockchain-based Zakat can potentially overcome distrust issues to zakat institutions. Howe...