Proposed Organizational Social Capital Model for the Performance Improvement of Zakat and Waqf Institutions in Zanzibar A Preliminary Survey
January 30th, 2021
By Khatib MjakaMkuu & MohdEffandi Bin Yusoff
Social capital is one essential ingredient to the performance of organizations and, more particularly, the non-profit like zakat and waqf institutions. Thus, applying strategic ways to build it is vital to improving the performance of zakat and waqf institutions in the social-economic welfare of the Muslims. With little empirical evidence available on building social capital of Islamic social finance institutions, particularly zakat and waqf managing organizations, this study proposed a strategic model on building social capital that will enhance performance improvement of these faith-based institutions. A developed conceptual model relied upon an extensive review of the literature and preliminary study findings revealing a declined level of social capital for zakat and waqf managing organizations in Zanzibar. A newly proposed model provides a valuable contribution to the existing literature and Islamic social finance in general. Future studies can be conducted to qualitatively explore the process and quantitatively test and measure the revealed items of the process.